GSR: Trump's crypto strategic reserves lead to market rebuilding of long positions, potentially driving prices up strongly.

Odaily Planet Daily News - $Trump announced on Sunday via Truth Social that he has instructed the presidential working group to advance a crypto strategic reserve that includes $XRP, $SOL, and $ADA, along with Bitcoin, Ethereum, and other valuable cryptocurrencies that will form the core of the reserve. On Monday, Bitcoin rebounded above $93,000 in the Asian market, with $SOL rising over 20% and $XRP increasing by 30%. GSR's global head of over-the-counter trading, Spencer Hallarn, stated that $Trump's comments "led participants to rush to rebuild long positions and became a strong driver for the price increase." (CNBC)