Eight US States Propose Bitcoin Reserve Following Trump’s Election

Donald Trump’s pro-crypto stance has positively influenced the crypto market since his presidential election victory. Key developments include:

Bitcoin nearing $110K amid rumors of a Bitcoin reserve proposed by eight US states.
The reserve initiative is championed by Senator Cynthia Lummis, aiming to enhance the dollar's position and establish the US as a crypto leader.
The 'Bitcoin Act' would authorize the US Treasury to maintain secure Bitcoin vaults, potentially boosting the crypto market.

Additional noteworthy tokens include:

Wall Street Pepe ($WEPE) has raised over $53M in presale, targeting retail investors.
Solaxy ($SOLX), a Layer-2 solution for Solana, has garnered $12.4M and aims to resolve network issues.
Mind of Pepe ($MIND) uses AI for investment insights and has raised $2.6M with significant staking rewards.
Official Trump ($TRUMP) saw a massive increase of 12,000% post-launch, reaching a market cap of approximately $9.75B.
Official Melania Meme ($MELANIA) started trading at $11.22 and currently sits around $7.7, showing less volatility than $TRUMP.
XRP ($XRP) has surged nearly 500% since the elections, with potential to outperform Ethereum due to increased whale activity and strategic moves by Ripple.

Investors should conduct thorough research before making any investment decisions.