President Donald Trump announced on TruthSocial that five cryptocurrencies are now considered US “strategic reserves,” causing their values to skyrocket.
The named cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), Solana (SOL), and Cardano (ADA).
However, the value of cryptocurrencies had plummeted in recent days following Trump’s tariff threats.
During his election campaign, Trump referred to himself as the “crypto president.”