Trump's Crypto Reserve Proposal Sparks Market Surge and Policy Anticipation

On Sunday, President Donald Trump announced a plan to establish a U.S. Crypto Strategic Reserve, including Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL), and Cardano (ADA), reversing a recent market slump. Bitcoin, which had fallen to $78,000 last Friday, surged above $94,000 following the announcement. Ether is up 7%, Solana 16%, XRP over 20%, and Cardano's ADA coin soared over 50%. TD Cowen analysts caution against overreacting, noting the initial announcement lacked coordination and funding details. Standard Chartered's Geoff Kendrick suggests the move could pave the way for U.S. states to develop their own Bitcoin reserve programs, potentially holding 200,000 BTC collectively. Kendrick also believes Bitcoin is transitioning into a stable component of global investment portfolios, maintaining a year-end 2025 target of $200,000 and projecting $500,000 by 2028. The announcement precedes the White House's Crypto Summit this Friday, raising expectations for significant policy advancements.