Big news in the world of cryptocurrency! President Trump announced a special US reserve for cryptocurrencies, kind of like a super-safe place for digital money. This made many cryptocurrencies go up in value very quickly! It's like when something popular becomes more valuable.
- The reserve will start with Bitcoin and Ethereum, and some other well-known cryptos.
- Dogecoin, a fun cryptocurrency, wasn't included at first, but its price still went up!
- Elon Musk, who's famous for his thoughts on crypto, reacted to the news with a happy emoji.
Crypto | What happened |
---|---|
Bitcoin & Ethereum | Included in the reserve; prices went up |
Dogecoin | Initially excluded, but price rose by 7.5% |
Overall Market | Increased by over $300 billion |