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GSR: Trump's encryption strategy reserve has led to the rebuilding of long positions in the market, or strongly pushing the price pump
Odaily Planet Daily News Trump announced on Truth Social on Sunday that he had instructed the Presidential Working Group to advance a strategic reserve including XRP, SOL, and ADA, as well as Bitcoin and Ethereum, and other valuable cryptocurrencies as the core of the reserve. During Monday's Asian session, BTC had rebounded above $93,000, SOL surged over 20%, and XRP rose by 30%. Spencer Hallarn, Global Head of GSR Over-the-counter Trading, stated that Trump's remarks "have led participants to rush to rebuild long positions and become a strong driving force for price pumps." (CNBC)