Donald Trump, US President.
Washington: US President Donald Trump is often known for his shocking decisions. Trump has surprised everyone with one such decision. One of his announcements has changed the trick of cryptocurrency. Let us know that after this amazing announcement of Trump, the prices of cryptocurrency have increased significantly. In the coming time, the field of online currency is being seen as a comprehensive change. Trump said that they want the US government to buy and keep various types of digital assets in the Strategic Reserve Fund.
His announcement highlights Trump’s growing efforts to use Trump’s unstable cryptocurrency prices as a barometer of his public support. Trump said on social media on Sunday that his government is working towards creating a ‘Crypto Strategic Reserve’, which will include low-term cryptocurrency XRP, Solan and Cardano. He later said with another post that his planned reserve would also include bitcoins and ether. These are the two most popular cryptocurrency.
Trump’s announcement caused the rise in cryptocurrency
This announcement by President Trump saw a slight rise in Crypto prices after the recent selling. Bitcoin reached around $ 95,000 after falling below $ 80,000 last week. After the announcement of Trump on Sunday, there was a huge jump in the prices of XRP, Solana and Cardano. But by Monday afternoon the prices came to the same level where they were before Trump’s announcement. On Monday, US stocks also declined sharply after Trump confirmed the plan to impose 25 percent duty on imports from Canada and Mexico. (AP)
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