Trump Announces Inclusion of BTC, ETH, SOL, XRP in Crypto Reserve
Crypto prices experienced a spike after Donald Trump's announcement regarding a crypto reserve, which includes assets like BTC, ETH, and others. However, by Monday, prices retreated.
- Bitcoin surged nearly 10% on Sunday to approximately $95,000 but fell to around $87,300 by 2 PM ET Monday.
- Trump's announcement lacked specifics on the reserve's timeline.
- Concerns about macroeconomic factors such as inflation continue, impacting market stability.
- State-level proposals for BTC reserves are active, with 19 states having live proposals despite setbacks in five states.
- A Utah proposal has passed the House and is moving through the Senate, alongside similar efforts in Oklahoma and Texas.
- Market analysts note that Trump’s involvement may support ongoing price fluctuations in Bitcoin.
- Future details on the US crypto reserve are expected soon, particularly at an upcoming summit.