After U.S. President Donald Trump announced Cardano ($ADA) as one of the five cryptocurrencies to be part of historic crypto reserve, its price shot up Sunday night, climbing 50% in just an hour, displaying a phenomenal 70% hike in mere 24 hours. With this announcement, $ADA also broke the $1 barrier to reach $1.05 at the time of writing of this report.
As Trump made the crypto reserve announcement on Sunday evening via a post on TruthSocial, Trading went through the roof, with Cardano’s 24-hour volume shooting up 577.91% to $3.96 billion. Its market cap also swelled to $37.14 billion, posting a hefty 66.99% gain in a single day.
Trump broke the news on Truth Social, naming XRP, Solana (SOL), and Cardano (ADA) as the main players in this new reserve. What raised eyebrows? Bitcoin (BTC) and Ethereum (ETH), the biggest names in crypto, were left out. This unexpected twist has set the industry abuzz, hinting at a major shake-up in how the U.S. views digital currencies.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” Trump wrote. He’s pushing hard to make America the world’s crypto hub, building on his Executive Order on Digital Assets from January 2025.
That order got the ball rolling by asking the Presidential Working Group to explore a national crypto stockpile, talk that’s now turning into action.
Trump made crypto a hot topic during his 2024 campaign, often calling out Biden’s regulations for holding the industry back. His latest move shows serious federal support for certain blockchain projects, which could open the door to broader use across the country.
With Cardano’s price soaring and trading volume spiking, it’s clear government moves can rattle the crypto world. Investors are excited, analysts are watching closely, and everyone’s waiting to see how this reserve plays out and what it might mean for the future of digital money globally.
Also Read: SOL, ADA & XRP Price Skyrockets After Trump’s Crypto Reserve News
