Bitcoin Surges Past $91,000 Following Trump’s U.S. Crypto Reserve Announcement
Bitcoin's price surpassed $91,000 following U.S. President Donald Trump's announcement of a strategic crypto reserve, which will include XRP, SOL, ADA, BTC, and ETH.
- XRP rose 31% to approximately $2.80.
- ADA crossed $1, and SOL surpassed $160, both increasing over 20%.
- BTC increased by 6%, trading above $91,000 after previous ranges between $80,000 and $84,000.
- ETH gained nearly 10%, now above $2,400.
- The CoinDesk 20 Index (CD20) jumped 17% in the past 24 hours.
This news is expected to positively impact crypto-related stocks such as Strategy (MSTR), Coinbase (COIN), Robinhood (HOOD), and bitcoin miners including MARA Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK).
Trump's announcement may revive bullish sentiment in the digital asset market, which had been declining recently. The uptick began after the White House announced Trump would host a crypto summit on March 7 with key industry figures attending.