Cryptocurrencies dealt fresh legitimacy discount

Bitcoin surged to $95,000 after President Trump hinted at a strategic US reserve with XRP and other digital coins. There’s no reason for the government to own them. Alongside policy decisions on meme tokens and beyond, it undermines efforts to make the money more acceptable.Full view will be published shortly.Follow @rob_cyran on XCONTEXT NEWS The price of bitcoin jumped as much as 11% to nearly $95,000 after U.S. President Donald Trump on March 2 raised the possibility of a new strategic cryptocurrency reserve for the country, which he initially said would include XRP, solana and cardano. He followed up on his Truth Social service by indicating that the reserve also would hold bitcoin, ether and others.