From michaelwest.com.au: US President Donald Trump announced on social media that five cryptocurrencies, including bitcoin and ether, will be included in a new US strategic reserve of digital assets, leading to significant spikes in their market values.

The announcement implies a shift towards government engagement with the cryptocurrency sector, contrasting with previous regulatory crackdowns under the Biden administration.

Analysts note this move could bolster institutional adoption and regulatory clarity for the crypto market, which has recently faced declining values.