#USCryptoReserve President Donald Trump's recent announcement regarding the establishment of a U.S. Crypto Strategic Reserve has elicited a range of reactions from industry experts and market participants. The reserve is set to include major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), as well as lesser-known tokens like XRP, Solana (SOL), and Cardano (ADA).
This initiative has significantly impacted the cryptocurrency market. Following the announcement, there was a notable surge in prices, with Bitcoin experiencing a rise of 2.4% from Friday's levels, reaching $86,292. However, by Monday, Bitcoin's value had declined by 8% from its Sunday peak. Similarly, Ether's price increased by 25% from Friday but subsequently fell by nearly 16% from Sunday. Tokens like XRP, Solana, and Cardano also saw substantial price fluctuations during this period