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This week marks an intriguing time for cryptocurrencies as a swift decline is rapidly reversing. It’s a fact that cryptocurrencies have embarked on a new path with Trump. While the recent surge may seem somewhat exaggerated, the long-term softening of the regulatory environment and discussions around reserves provide supportive conditions for the market. So, what’s happening?
Latest Updates on Cryptocurrencies
Just moments ago, Trump announced that ADA, XRP, and SOL coins would be included in the crypto reserves. Following this announcement, ADA experienced nearly a 70% increase. Meanwhile, BTC approached $91,800. The most significant development came from ETH, which continued the day with an 11% rise, reaching $2,447.
In addition to his initial post, Trump wrote:
“And of course, BTC and ETH, like other valuable cryptocurrencies, will be at the heart of the reserves. I love Bitcoin 
$99,675 and Ethereum 
$1,938!”
This sends a clear message regarding the progression towards a significant U.S. crypto reserve consisting of BTC, ETH, ADA, SOL, and XRP. Tomorrow, ETF investors may realize they made billion-dollar sales at an inopportune time and could quickly move to purchase. Cryptocurrencies now need to positively diverge from macro developments.
