Trump’s Announcement Of First-Ever Crypto Strategic Reserve Sparks Rally

Bitcoin surged past $93,000 over the weekend after President Trump announced plans to create a U.S. strategic crypto reserve that will include Bitcoin, Ether, and several other digital currencies.

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” President Trump wrote in a Truth Social post on Sunday. “I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”

The strategic reserve will involve several digital currencies beyond Bitcoin, including Ether, XRP, Solana, and Cardano, according to CNBC.

The announcement triggered a significant rally in the cryptocurrency market, with Bitcoin climbing as high as $95,000, and the smaller coins seeing double-digit percentage increases.

This positive momentum comes after a period of consolidation in which Bitcoin had fallen below the key $90,000 level for the first time in three months, dropping as much as 25% from its January all-time high.

“The weekend news is exactly the type of catalyst investors have been looking for to feel reassured about follow through from the U.S. administration with respect to its crypto friendly policies,” Joel Kruger, market strategist at LMAX Group, told CNBC. “Now that we’ve already seen a healthy correction in February, this sets the stage for the start to the next leg higher for crypto assets.”

Investors will be watching for additional details at the first White House Crypto Summit, scheduled for this Friday. White House AI and crypto czar David Sacks indicated there would be “more to come” at the summit, suggesting further policy announcements that could impact the cryptocurrency market.

The move represents a dramatic shift in U.S. policy toward digital assets, positioning America as a leader in cryptocurrency adoption while many other nations have imposed restrictive regulations.

China, for instance, has banned cryptocurrency mining and trading, while the European Union has established strict regulatory frameworks that many in the industry view as stifling innovation.

Trump’s strategic reserve announcement signals a clear intent to establish U.S. dominance in the digital asset space, potentially giving America a competitive edge in future global financial systems. In other sectors, such as with gold, a strategic reserve serves as a hedge against inflation and currency devaluation while reducing reliance on traditional financial infrastructure.

While details remain limited, expectations are high that the White House Crypto Summit will provide clarity on the reserve’s implementation timeline, acquisition strategy, and governance structure. Industry players will be watching closely for potential regulatory reforms that might accompany the reserve announcement, particularly regarding cryptocurrency taxation and securities classification issues that have created uncertainty in the market.