Bitcoin was in a sharp decline, falling below $80,000. However, in a dramatic reversal, the leading cryptocurrency has surged by over $14,000, or 20%, fueled by Donald Trump. Over the weekend, the president revealed plans to establish a crypto reserve — to include Bitcoin,

President Donald Trump has doubled down on his pro-crypto stance, announcing plans for a U.S. Crypto Reserve that will include XRP, Solana (SOL), Cardano (ADA), Bitcoin and Ether.

The official said Trump was "just giving five examples" of cryptocurrencies that could theoretically be in a crypto stockpile.

A simmering tension in the crypto industry resurfaced after President Donald Trump signed a long-awaited order creating a strategic Bitcoin reserve and an additional stockpile of other digital assets.

White House AI and crypto czar David Sacks sought to temper speculation surrounding President Trump’s recent remarks on digital assets, clarifying that his mention of Ripple’s XRP, Solana (SOL), and Cardano (ADA) was not an official endorsement but rather a reflection of their market capitalization.

Donald Trump recently declared a U.S. Strategic Crypto Reserve that includes Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) and Cardano (ADA) as part of the portfolio. Even though the assets benefit from positive market conditions their considerable market size poses obstacles to significant price increases.