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The Independent UK
The Independent UK
Technology
Anthony Cuthbertson

Crypto market swells $500 billion as Trump unveils strategic reserve

XRP is among the five cryptocurrencies named by US President Donald Trump on 2 March, 2025, for the crypto strategic reserve - (iStock)

The crypto market has surged by more than half a trillion dollars after Donald Trump announced the names of five cryptocurrencies that would be included in a US strategic reserve.

In a post to Truth Social on Sunday, the US president said that bitcoin (BTC), ether (ETH), XRP, solana (SOL) and cardano (ADA) will be used in the reserve, which he claimed would make the US “the Crypto Capital of the World”.

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