Bitcoin soars 20% after Donald Trump teases new strategic reserve

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. The names had not previously been announced.