Cryptocurrency Market Reacts to Trump's Support

Following President Donald Trump's recent comments, the cryptocurrency market experienced a significant uptick. Trump's endorsement of digital currencies and his pledge to establish a US crypto reserve have sent waves through the market, leading to notable price increases for Bitcoin and Ethereum.

Executive Order Fuels Market Optimism

In January 2025, Trump signed an executive order aimed at creating a Crypto Strategic Reserve, which includes major cryptocurrencies like XRP, Solana, and Cardano. This move has been perceived as a strong signal of the administration's support for the digital currency space, further boosting investor confidence.

Price Surge Highlights Market Confidence

As a direct result of these developments, Bitcoin's price soared by 9.10% to $94,242, while Ethereum saw an even more impressive climb of 14.11%, reaching $2,537.20. These surges underscore the market's positive response to governmental support for cryptocurrencies.