US President Donald Trump announced the inclusion of bitcoin, ether, XRP, solana, and cardano in a proposed US strategic cryptocurrency reserve. Bitcoin and ether will play key roles, with the plan stemming from a January executive order.

Following the announcement on Truth Social, bitcoin surged over 11% to US$94,164, and ether rose 13% to US$2,516. The global crypto market cap increased by US$300 billion, according to CoinGecko.

This marks a shift in US government policy toward crypto, as Trump aligns with the industry. His administration has eased regulatory pressures, halting SEC investigations and lawsuits against companies like Coinbase.

On Feb. 28, the White House Crypto Summit will focus on digital assets, with experts discussing potential reserve formation using the US Treasury’s Exchange Stabilization Fund.

The crypto market recently faced declines due to regulatory uncertainty and market conditions.

Analysts suggest that a strategic reserve could provide stability and drive further market growth.