The Crypto market earns $ 300 billion, as Trump reveals the National Crypting Reserve Plan
The cryptocurrency market witnessed a sharp crowd, with a value of $ 300 billion after US President Donald Trump announced plans to create a national reserve for strategic encryption.
This step, which was defined in an executive order, indicates the government’s intention to assemble digital assets, which enhances the United States’s position in the global scene of encryption.
Trump’s advertisement, which was issued via Trocial on March 2, confirmed his vision to make the United States “the capital of the world.”
The presidential executive command is directed at digital assets to develop plans for the federal coding reserve, which will include Bitcoin (BTC), ETHEREUM (ETH), XRP, Solana (Sol) and Cardano (ADA).
In response, Bitcoin increased by 8 % in 24 hours, exceeding 93,000 dollars, while ETHEREUM gained 11 %.
Between Altcoins, Cardano saw the largest leap, 66 % increase, followed by Solana by 20 % and XRP by 28 %.
With the marketing of the market worth $ 163.9 billion, XRP Tether exceeded the third largest encrypted currency.
The concept of American encryption reserves is a transformation from the previous Trump’s proposal represented by the mere detention of Bitcoin.
Instead, the plan proposes a pre -emptive strategy to collect multiple digital assets.
The advertisement sparked a discussion within the encryption community.
Some argue that Bitcoin alone should be given priority to its security and decentralization, while others express their concerns about the government’s control of the encryption reserves, for fear of the possible effects of the US dollar and organizational transformations.
This initiative obtained support from Republican Senators, who are seen as a step towards strengthening the United States’s financial position in the advanced digital economy while facing China’s domination of the digital Yuan.
Despite the increase in market value, investor morale is still cautious.
The Crypto Fear & Greed Index, with seven points improvement since March 1, remains in the “Fear” area in 33.
Participants in the market evaluate the long -term effects of federal participation in the management of encrypted currency.
Investors are now waiting for more developments at the upcoming encryption summit, where officials are expected to provide more details about the reserve structure, organizational considerations, and the direction of future policy.
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