$300 billion crypto surge as Trump names 5 coins for strategic reserve

The total cryptocurrency market rose by about 10%, or more than $300 billion, after US President Donald Trump's statement on a US strategic reserve of cryptocurrencies. Trump said his executive order on digital assets would create a stockpile of currencies including bitcoin, ether, XRP, solana and cardano. Bitcoin shot up more than 11% to $94,164 on Sunday following the announcement.