A proposal from Trump may ignite the currency market

Cryptocurrencies have seen strong gains over the past hours, led by Solana (SOL), XRP, and HBAR, partly thanks to a report from the New York Post indicating that Trump is open to the idea of ​​creating a strategic reserve of… Cryptocurrency includes tokens such as SOL, XRP, and USDC.

Solana jumped more than 8% to $217 after the report was published, while XRP continued its advance this week to reach $3.35, approaching the highest price recorded in 2018.

This comes in conjunction with Bitcoin’s rise above $100,000, reaching $101,720 with gains of 2% in the last 24 hours.

Digital currency investors are increasingly anticipating Trump’s inauguration next week. Potential for executive orders on the first day focusing on the digital assets sector. Trump had promised during his campaign to make the United States a leader in digital currencies, including creating a national stockpile of bitcoin. In July, Senator Cynthia Lummis introduced the BITCOIN Act, which proposes seizing 5% of the total Bitcoin supply. Some US states are also examining the possibility of creating a reserve of this digital asset. (investing)