Bitcoin and Ethereum Surge as Trump Reveals Planned US Crypto Reserve Assets

Bitcoin and Ethereum have both jumped more than 10% over the last day after President Donald Trump clarified that both will feature prominently in a planned U.S. crypto reserve—alongside assets that have posted even larger gains on Sunday.

As of this writing, Bitcoin is up nearly 11% on the day to a current price of $94,130, per data from CoinGecko, clawing back recent gains after falling as low as $78,940 on Friday. It's still down more than 1% on the week amid the volatility.

Ethereum, meanwhile, has popped by nearly 14% over the past day to a current price just above $2,500—though ETH remains down 11% over the past seven days.

On Sunday, Trump posted on Truth Social, writing that the valuable crypto assets XRP, Solana, and Cardano would feature in a planned "crypto strategic reserve." However, he did not mention Bitcoin in the initial post, despite it being the original focus in a reserve plan that he first detailed at last year's Bitcoin Nashville conference.

Before long, however, he posted a follow-up post on the network clarifying that both Bitcoin and Ethereum would be included, as well.

BitcoinBTC · USD

$81,960−1.29%

24H7D1M1YYTD

Oct 11Oct 12Oct 14Oct 16Oct 18

$84.2k$82.9k$81.5k$80.2k

24h HighHigh$81,784

24h LowLow$80,823

VolVol$604.2M

Market projectionsOdds by Myriad

Today$80,000 to $82,000$80k–$82k53% chance

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"And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be the heart of the reserve," Trump wrote. "I also love Bitcoin and Ethereum!"

While the two top assets are showing sizable gains on the day, the first three assets he mentioned have popped even higher on the day. XRP is up 35% to a current price of $2.92, Solana has risen 24% to about $175, and Cardano is leading the pack with an enormous 68% spike to $1.07 as of this writing.