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SINGAPORE (Reuters) -Bitcoin surged more than 20% from last week's lows on Monday and several other cryptocurrencies also rallied sharply after U.S. President Donald Trump raised the possibility of a new U.S. strategic reserve that would include a range of tokens. Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies, including bitcoin, ether, XRP, solana and cardano. Ether was also up 20% from Friday's lows to $2,351, a 7% drop from Sunday's closing levels.

When President Trump speaks, the crypto market listens.

Trump said his January executive order on digital assets would create a stockpile of currencies including bitcoin, ether, XRP, SOL and ADA.

Polymarket bettors give a BTC reserve a better chance of becoming a reality in 2025, but still aren't sure about it.

Donald Trump’s Crypto Strategic Reserve is facing backlash from Bitcoiners, who are calling it a "shitcoin reserve" for including XRP, Solana (SOL), and Cardano (ADA) alongside Bitcoin and Ethereum

Spot CVD shows buyers as the aggressors, indicating spot demand as open interest stays flat.

XRP, ETH, SOL and ADA price have also surged following Trump's announcement.