Quotes
These elements likely led to a mix of profit-taking and weakened sentiment toward the asset class,
it said
Unlike bitcoin...these assets are more akin to tech investments,
Butterfill said
This move signals a shift toward active participation in the crypto economy by the U.S. government,
said Federico Brokate, head of U.S. business at 21Shares, a digital assets investment management firmOne of the core principles of cryptocurrency is its ability to exist outside of government influence,
Bowler urged
The Albanese government has consulted on our proposed framework to build a fit-for-purpose digital asset regulatory regime, and we continue to work closely with industry,
the spokesperson saidThe weekend news is exactly the type of catalyst investors have been looking for to feel reassured about follow through from the U.S. administration with respect to its crypto friendly policies,
Joel Kruger, market strategist at LMAX Group, told CNBC
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Maximalism is the enemy of the industry's progress,
Garlinghouse said following the news
Glad to see POTUS recognizing we live in a multichain world,
Garlinghouse continuedI will make sure the U.S. is the crypto capital of the world. We are making America great again!"
he wroteI also love Bitcoin and Ethereum!"
he wrote, sending crypto prices to a wild highYesterday was one of the biggest events in the history of crypto as US president Donald Trump announced "moving forward" with a strategic crypto reserve which includes SOL, XRP and ADA. Soon after this post went live on social media platform, a huge surge of volumes inflow happened across crypto pairs, with close to 300 billion dollars added in the crypto market overnight, that too on a weekend - a similar trend that we saw on TRUMP memecoin launch as well, which was done on a Saturday itself.”
CoinSwitch Markets Desk noted
While this announcement has significantly boosted prices, it has also raised concerns,
wrote IG market analyst Tony Sycamore
And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve,
he said in a follow-up postA U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World,
Trump wrote in a Truth Social post