Trump's statements elicit a wave of rise in encrypted currencies

The cryptocurrency market was a strong increase in March, as some of the losses recorded in the worst month since 2022. The currencies were supported by the support of US President Donald Trump again on his plan to create a strategic reserve of cryptocurrencies. Including the “XRP” and “Ada” works in Trump’s plan, Andrew Tu, the head of sales at Efficiency Frontier for the current foreign exchange market industry. The two actions were great heights on Sunday, which led to profits in most digital assets. Trump also said that “Bitcoin”, “Ethereum” and “Solana” would be within the reserve, which helped these currencies recover from some sharp declines last month. Trump’s walaa for the Crusher currency industry confirmed that Trump’s advertisements, which he placed on his ‘Truth Social’ platform, confirmed the new president of his rain and praise during his campaign, following the previous Joe Biden management campaign on coding companies, which described the industry as ‘strictly’. However, many details of Trump’s plan are unknown, including how much the government will buy and how purchases will be funded. “If expectations do not match reality, prices can fall again,” said. He added: “The markets have now forgotten all the slope that took place last week.” He was also of the opinion that total economic problems are still a burden, which can cause coding prices again if the arrows do the same. According to the Queen Market Cap website, the largest eight encrypted currencies, all the symbols Trump said, are included in the reserve, are one of the largest eight encrypted currencies in terms of market value. The only currencies that were not included and incurred on this standard were “Tether” and “USDC”, which are stable currencies that follow the US dollar, as well as the Bennes Stock Exchange “BNB”. Trump undertook to create a strategic reserve from “Bitcoin” during his campaign, one of the many promises associated with coded currencies, which helped feed the high prices to the day of its inauguration. While the Security and Exchange Committee in the first weeks of the Trump administration abandoned many cases and investigations against coding companies, the US president has not talked much about the establishment of the strategic reserve since he held office. On February 4, David Sachs, Caesar AI and the president’s coding currency said that administration officials should still study the feasibility of the plan. The executive matter associated with the encrypted currencies issued by Trump in January mentioned no specific symbols, and only indicated the possibility of creating a “national stock of encrypted assets”, which must be evaluated and maintained by the White House Working Group. The disappointment of investors disappointed the absence of an explicit mention of the ‘Bitcoin’ coin in the executive order issued in January, the hope of some of the most explicit supporters of the largest digital symbols, which spent months ‘Fort Nox of Bitcoin’ (reference to the military base containing the US Gold Bar Warehouse). From Trump’s inauguration to last Friday, “Bitcoin” dropped by 28% of its last record above $ 109,000 in January 20. The Cryptocurrency scored 18% in February, and the ‘Bloomberg Galaxy’ index fell by 28% in February, which is the worst month since the “Encrypted Currency Winter” in 2022, which includes the “FTX” congestion exchange of 2022. Samsman-Farid. In a post on the “Truth Social” website on Sunday, Trump said that the executive case on encrypted currencies “instructed the presidential working group to move forward in the strategic reserve of encrypted currencies, including XRP, Solana and ADA.” In a second publication on the same platform, it was published more than an hour later with a little of the first publication, Trump added: “Obviously the composition and Ethereum, along with other valuable cryptocurrencies, will be a significant part of the reserve. Coded symbol with about 13%, to be over 2500 dollars. Cryptocurrency community has elicited. Garlinghaus said last December that its digital payment business intends to donate $ 5 million from XRB to support Trump’s inauguration. Before the inauguration, which saw a similar large donations of prominent personalities in the encrypted currency sector, Garlinghaus was photographed while eating dinner with the president in Maralago, accompanied by the Chief Legal Advisor for “Ripple”, Sto Aldroni. A lawsuit was filed in 2020 at ‘Ripple’, in San Francisco, by the Securities and Exchange Committee, claiming that the company offers unregistered securities. An American boycotted later saw that “XRP” was a security when he sold to institutional investors, but not when sold to individual investors, which was seen as a victory for the coded currency industry before the committee resumed. Although the Security and Exchange Committee has canceled many law enforcement procedures associated with encrypted currencies, the appeal against “Ripple” has not yet dropped.