Crypto Prices Surge As Donald Trump Backs Five Coins for ‘Crypto Strategic Reserve’

US President Donald Trump recently announced his decision to include five cryptocurrencies in a new strategic government reserve.

In a post on Sunday on Truth Social, he initially named Ripple (XRP), Solana (SOL), and Cardano (ADA) and later added Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies to this list.

This move has garnered significant attention, as the government looks into the growing role of digital assets in shaping future financial strategies.

Trump, with his multiple connections to the crypto industry, is also set to host the sector’s leading figures at a White House summit on March 7, 2025 as the industry gains renewed momentum following his election to the White House.

What is Crypto Strategic Reserve

A crypto strategic reserve is a government-held pool of prominent cryptocurrencies, such as Bitcoin, Ethereum, XRP, Solana, and Cardano. It operates just like traditional reserves, providing financial stability, supporting crisis management, and enhancing digital asset policies.

Cryptocurrency Market Overview

As of March 2025, Bitcoin had fallen to $80,159.00, a drop from its all-time high of $109,241 on January 20, 2025. However, following the announcement of its inclusion in the new strategic government reserve, Bitcoin has since rebounded to $90,785.92. The cryptocurrencies are listed in the order President Trump named them for the reserve

1. Ripple (XRP), the third-largest cryptocurrency, has a market capitalisation of $2.57 billion, with a price increase of 3.29 per cent and a trading volume of $5.92 billion. Ripple has also been a significant player in crypto lobbying, having donated $45 million to a lobbying group that aimed to influence the US elections in favour of the crypto industry, according to a report by news agency Reuters.

2. Solana (SOL), the sixth-largest cryptocurrency, has a market capitalisation of $149.02 billion, showing a price increase of 1.93 per cent and a trading volume of $4.61 billion.

3. Cardano (ADA), the eighth-largest cryptocurrency, has a market capitalisation of $0.9519 billion, experiencing a price decrease of 0.97 per cent, with a trading volume of $3.46 billion.

4. Bitcoin (BTC), the first-largest cryptocurrency, has a market capitalisation of $90,785.92 billion, with a price increase of 2.41 per cent and a trading volume of $52.31 billion.

5. Ethereum (ETH), the second-largest cryptocurrency, has a market capitalisation of $2,289.17 billion, reflecting a price increase of 2.03 per cent and a trading volume of $19.59 billion. World Liberty Financial, a crypto company which Trump and his sons announced last year, has issued digital tokens on the Ethereum Blockchain that has so far sold for over $500 million, according to the report.

According to Reuters, analysts and legal experts are divided on whether an Act of the US Congress will be needed to establish the reserve. Some argue that the reserve could be set up through the US Treasury’s Exchange Stabilization Fund, which allows for the purchase or sale of foreign currencies. Additionally, Trump’s crypto group had considered using cryptocurrencies seized in law enforcement actions to create the stockpile.