Former US President Donald J. Trump issued a statement through his official social media account, announcing that he will push for relevant policies to establish a US Crypto Currency Strategic Reserve. Trump stated that this policy will cover various cryptocurrencies, including XRP, Solana, and Cardano. An hour later, he also mentioned that Bitcoin and Ethereum are also his favorites, and the overall market quickly rebounded with the cheers of the investment community.

Trump wants to make the US the global capital of cryptocurrencies, making America great again

In the statement, Trump criticized the Biden administration's "corrupt attacks" on the cryptocurrency industry in recent years, and stated that this new policy will enhance the status of the industry. He said: "After years of corrupt attacks by the Biden administration, the US Crypto Currency Reserve will elevate this critical industry, which is why my executive order on digital assets directs the Presidential Working Group to advance a Crypto Currency Strategic Reserve including XRP, SOL and ADA. I will ensure that America becomes the world's cryptocurrency capital. We are making America great again!"

An hour later, he also supplemented: "Clearly, BTC and ETH, as well as other valuable cryptocurrencies, will be the core of the reserve. I also like Bitcoin and Ethereum!" Showing his supportive attitude towards these two major mainstream cryptocurrencies. In addition, Trump revealed that the executive order has instructed the Presidential Working Group to accelerate the advancement of the cryptocurrency reserve plan.

The market reacted enthusiastically, and Polymarket's prediction probability soared

Trump's remarks quickly triggered a strong market reaction. According to the latest data from the decentralized prediction market platform Polymarket, the prediction probability for "Will Trump create a Bitcoin reserve in his first 100 days?" surged from 11% to 22% in a short period of time, indicating investors' high expectations and confidence in Trump's new policy.

Prices of related cryptocurrencies have risen significantly, Cadano has risen over 75%

The cryptocurrencies mentioned by Trump immediately saw significant price increases. BTC quickly rebounded from around $86,000 to $91,585, a gain of about 6.5%. ETH price rose from around $2,150 to $2,498, an increase of about 15%. Solana soared from around $141 to $175, a gain of 24%.

The XRP price rose from around $2.2 to nearly $3, an increase of about 35%. However, the most eye-catching one was Cardano, with the ADA price surging from around $0.64 to $1.14, a nearly 75% increase, making it one of the most significant gainers in this rally.