President Donald Trump announced plans for a US Crypto Reserve that would include Bitcoin, Ethereum, Solana, XRP, and Cardano. The news caused a surge in the crypto market's total market cap by $330 billion in just four hours. Bitcoin's price increased by over 10%, reaching $94,000, while Ethereum saw an 11% spike. Solana, XRP, and Cardano also experienced significant gains. The announcement comes after weeks of losses in the crypto market. Trump is set to host the first-ever White House Crypto Summit with top executives and blockchain founders. It remains unclear how the US Crypto Reserve will be funded, but one potential option is the government's seized Bitcoin stash. Critics questioned the inclusion of altcoins in the reserve.



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