Bitcoin, XRP, and other crypto prices are rising today. What Trump said on Truth Social to boost digital assets

With tokens sliding in value this year, the president just weighed in on cryptocurrency legislation. It’s not the only reason for this week’s reversal.

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Bitcoin and other cryptocurrencies have had a rough 2026 so far.

BTC itself is currently down more than 18% year-to-date, and other major tokens have performed even worse, such as XRP, which has lost more than 23% of its value since the year began, and Ethereum, which has declined 30%.

But today, it seems like their fortunes may be reversing.

Bitcoin is currently up nearly 5%, and XRP and Ethereum are up over 2% and 3%, respectively. One of the contributing factors to this turnaround may be the comments made by President Trump on his Truth Social network last night.

Here’s what he said and what you need to know.

Yesterday evening, Trump took a break from focusing on Iran to briefly return to a subject closer to home: cryptocurrency legislation.

In a post on Tuesday evening, Trump railed against America’s big banks, alleging that they were trying to undermine the Genius Act, which passed into law last year, and warned that they should not try to hold the not-yet-passed Clairity Act hostage.

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