Big news in the world of cryptocurrency! President Trump wants the U.S. government to buy and hold different kinds of digital money, like Bitcoin and others, in a special fund. This is like having a piggy bank for digital money. This announcement made crypto prices go up, at least for a little while.
- Trump wants a "Crypto Strategic Reserve" with Bitcoin, Ethereum, XRP, Solana, and Cardano.
- Bitcoin's price went up to around $90,000 after the news.
- Other cryptos like XRP, Solana, and Cardano also saw big price increases, but they went down a bit later.
- Some people think this is a good idea to protect the government's money, while others are worried about the risky nature of crypto.
Cryptocurrency | Approximate Price Change |
---|---|
Bitcoin | Rose to ~$90,000 |
XRP, Solana, Cardano | Significant temporary spikes |