Trump’s Potential Strategic Crypto Reserve Sparks Market Reactions
- Solana’s SOL surged over 8% to $217 following reports of a potential U.S. crypto reserve.
- Ripple’s XRP rose to $3.35, nearing its record price from 2018.
- Hedera’s HBAR increased by more than 10%, reaching its highest price since early December.
- The CoinDesk 20 Index gained 5%, outperforming bitcoin’s modest rise of 0.5%.
Reports suggesting Donald Trump is considering an “America-first strategic reserve” of cryptocurrencies, including SOL and XRP, have led to significant price increases for these altcoins, while experts express skepticism about the feasibility of such a government initiative.
