Crypto assets got a major boost after President Trump over the weekend announced a new US strategic reserve of digital assets.

While Bitcoin dipped by roughly 4% on Monday after surging by 20% a day earlier, stocks of major US crypto firms soared on bets that the Trump administration is poised to execute an aggressively pro-crypto agenda in the months ahead.

The commander-in-chief said on Sunday that he plans to stockpile a basket of coins that include Bitcoin, Ether, XRP, Solana, and Cardano ahead of the first-ever White House crypto summit Friday...

In a stunning decision that could redefine the financial landscape of the United States, President Donald Trump announced today the formation of a U.S. Crypto Strategic Reserve. This move signals a dramatic shift in the government’s stance on digital assets, integrating major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, and Cardano (ADA) into the country’s financial infrastructure. The announcement immediately sent shockwaves through the crypto market, with prices soaring as investors reacted to the news.

U.S. President Donald Trump announced the names of five digital assets he expects to include in a new U.S. crypto strategic reserve on Sunday, spiking the market value of each.

Trump said on social media that his January executive order on digital assets would create a stockpile of currencies including bitcoin, ether, XRP, SOL and ADA. The names had not previously been announced.

The assets rose 8% to 62% in trading on Sunday.

Bitcoin and other major cryptocurrencies rallied after US President Donald Trump outlined the potential for a national strategic reserve of digital assets.

The world's biggest cryptocurrency and its major peers have largely spent 2025 in the doldrums as the initial excitement over Trump's second term eased.

Having climbed to a record high in December at $108,786, as investors welcomed a more crypto-friendly US regulatory environment, bitcoin had fallen as low as roughly $78,200 by the end of last week.