The intentions of the president of the United States, Donald Trump, to establish a National Strategic Reserve of Solana (Sol), Cardano (ADA) and XRP sent the assets that shot up to 60% on Sunday. Even so, merchants express caution until the plans are more concrete.
“The current ascending impulse could see a short -term correction, since the price of investors in the announcement of the cryptographic reserve and determine the legal viability for Trump to create the reservation,” said Kevin Guo, director of Hashkey Research, Coindesk in a telegram message on Monday. “The president of the Federal Reserve, Jerome Powell, said that the Central Bank of the United States cannot celebrate a Bitcoin reserve, so there are still technical obstacles to Trump’s plans.”
“The president’s cryptographic summit can monitor more details or other possible ads that can promote the recovery of the recent minimum cryptographic market,” Guo added.
Trump is expected to celebrate the first cryptographic summit in the White House on March 7, where more plans are expected to share on how the regulations and cryptographic companies will be supported in the country.
Trump announced in Truth Social on Sunday night that XRP, Sol and Ada would be included in a strategic Cryptography reserve of the USA. Uu. Later added Bitcoin and Ethereum to the list of assets that make up the reservation, and has been discussing the idea of a strategic encryption reserve since its 2024 presidential campaign.
That sent the highest markets almost instantly, with Bitcoin by 6.5% to more than $ 93,000 on Monday and the widest market tracked by the wide Coindesk 20 (CD20) by 7%.
In other places, the Takens Chainlink link, the Unisswap movement and the movement movement increase 8% in the last 24 hours, mainly in its proximity to the Trump-Family World Liberty Financial family.
Even so, some said there is more work ahead before the current rally can be considered sustained.
“We expect more volatility until more details can solidify the creation of the strategy reserve, but the feeling of the cryptographic market has changed rapidly, which indicates a continuous potential of the upward market,” said Chris Yu, CEO of Signalplus, to Coindesk in a telegram message.
YU anticipates that investors will monitor tickets to ETF products quoted by the United States after registering registration outputs last week, where an increase could give signs about the signs of a fund and the possible continuation of the upward market.
