Bitcoin experienced a substantial increase, climbing around 20% from its recent lows, while other cryptocurrencies mentioned by President Donald Trump in a recent Truth Social post also experienced a sharp rise.
Market action showed Bitcoin rallied as high as $95K on Sunday after the president’s announcement via social media. Bitcoin cooled at $93K at the time of publication.
Trump suggested that his January executive order on digital assets would create a reserve of currencies in the U.S., including Bitcoin, Ether, XRP, Solana, and Cardano.