In a pair of social media posts today, President Donald Trump named some cryptocurrencies he says will be part of a Crypto Strategic Reserve being created by an executive order he signed in January. Those include Bitcoin and Ether,

Bitcoin's drop is part of a wider rout in which over $800 billion of nominal value "has been wiped off global cryptocurrency markets in recent weeks, as the enthusiasm that swept the crypto industry after Donald Trump's election victory last year ebbs away," the Financial Times wrote today.

Government purchases for the “Crypto Strategic Reserve” will include bitcoin and other lesser-known digital tokens, President Donald Trump said on social media.

Trump said his January executive order on digital assets would create a stockpile of currencies including bitcoin, ether, XRP, SOL and ADA.

Bitcoin (BTC) has surged 7% in the past hour, crossing $92,000 after Donald Trump announced a crypto strategic reserve. The price is now up 15%

Donald Trump’s Official TRUMP token surges 18.1%, outperforming DOGE, SHIB, and PEPE, after he confirms that Bitcoin and Ethereum "will be at the heart of the Reserve."

President Trump announced Sunday that the U.S. would be creating a crypto reserve to boost the growing industry. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,