Bitcoin surged more than 20% from last week’s lows on Monday, following U.S. President Donald Trump’s announcement that several cryptocurrencies would be included in a new United States strategic reserve. Other major digital assets also rallied sharply.
In a post on Truth Social, Trump revealed that his January executive order on digital assets would establish a stockpile of cryptocurrencies, including Bitcoin, Ether, XRP, Solana, and Cardano — the first time these names have been publicly disclosed.
“Bitcoin and Ether will be at the heart of this reserve,” Trump stated on Sunday.