Trump Announces US Strategic Crypto Reserve, Excludes Dogecoin
- US President Donald Trump announced a “strategic crypto reserve” on March 2.
- The reserve includes Bitcoin, Ethereum, XRP, Solana (SOL), and Cardano (ADA), but not Dogecoin (DOGE).
- The announcement led to a $300 billion increase in cryptocurrency market capitalization.
- Dogecoin surged by up to 16% before stabilizing at a 7.5% increase within 24 hours of the announcement.
- Elon Musk reacted humorously to Dogecoin’s exclusion with an emoji on social media.
The establishment of a US strategic crypto reserve by President Trump has significantly impacted the market, causing a $300 billion surge in market capitalization despite Dogecoin’s exclusion from the initial list of included cryptocurrencies.
Source (2.6)https://www.newsbtc.com/news/dogecoin/dogecoin-to-join-trump-crypto-reserve-elon-musk-reacts/?rand=52377
