Opinion: Trump's cryptocurrency strategic reserve guides the market to rebuild long positions, which may drive prices up

ChainCatcher news, according to CNBC, regarding Trump's announcement on Truth Social on Sunday that he has "instructed the presidential working group to advance a crypto strategic reserve that includes XRP, SOL, and ADA, as well as Bitcoin and Ethereum and other valuable cryptocurrencies will be at the core of the reserve," Spencer Hallarn, global head of over-the-counter trading at crypto investment firm GSR, stated that Trump's remarks "led participants to rush to rebuild long positions and became a strong driving force for the price increase."