Opinion: Trump's encrypted strategic reserves guide the market to rebuild long positions, which may drive prices up
ChainCatcher reports, according to CNBC, in response to Trump's post on Truth Social on Sunday announcing that he has "instructed the Presidential Task Force to advance a crypto strategic reserve including XRP, SOL and ADA, and Bitcoin and Ethereum along with other valuable cryptocurrencies will become the core of the reserve", Spencer Hallarn, Global Head of OTC Trading at crypto investment firm GSR said that Trump's comments have "led participants to scramble to rebuild long positions and become a strong driving force for price increases."
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