Bitcoin (BTC) price surges over 10% following US President Donald Trump's announcement of the 5 digital assets

Bitcoin (BTC) has endured a see-saw 7 days of trading. BTC is down ~1.5% in the last week but up over 10% in the last 24 hours.

US President Donald Trump has announced the 5 digital assets that he plans to include in the new U.S. crypto strategic reserve. The president revealed on Sunday that the assets will be Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).

The announcement comes after a difficult period for digital assets. They had just endured fear-driven selling after new details emerged around a U.S. reciprocal tariff plan that may have inflationary consequences.

This plan saw President Trump announce that his planned 25% tariffs on Canada and Mexico “are going forward on time, on schedule.”

The announcement also follows the news that Rhode Island House of Representatives had introduced a Bitcoin reserve bill.

On February 27th, the price of BTC dipped below ~US$80,000 before the weekend recovery.

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” Trump explained, on Truth Social.

After falling dramatically in February, the Trump announcement has pumped new life into the XRP price.

These specific assets had not previously been mentioned. Following the announcement, ADA has soared by over 60%, XRP by over 30%, and SOL by over 20%.

About an hour after the initial post, Trump clarified — “And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!” ETH has jumped by over ~13% following this tweet.

On the 1st of March, Rhode Island introduced Bitcoin Reserve Bill H6007, which would allow the State to invest 10% of public funds, as well as public retirement funds, into BTC.

On January 23rd, US President Donald Trump signed his first executive order that may potentially affect crypto users and industry stakeholders. Trump announced the order during a televised address with his officially appointed “AI and crypto czar”, David Sacks.

The executive order has the aim of “Strengthening American Leadership in ’Digital Financial Technology’”. “The digital asset industry plays a crucial role in innovation and economic development in the United States, and in our Nation’s international leadership,” the order states.

It’s goal’s include “Protecting and promoting the ability of individual citizens and private-sector entities alike to access and use for lawful purposes open public blockchain networks without persecution.”

Most of the order is dedicated to establishing technology and rules around crypto and its development in the U.S. One of its most important aspects is the creation of a working group to consider a national digital asset stockpile, “potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement effort.”