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Crypto prices soar after Trump says strategic reserve will include bitcoin, XRP, Solana and others - MarketWatch

1. Trump proposed a U.S. strategic crypto reserve including Bitcoin and Ethereum. 2. Bitcoin surged 10% following Trump's announcement, reaching $94,182. 3. Investors are optimistic about a potentially crypto-friendly administration. 4. Bitcoin faced its worst monthly performance since February 2022. 5. Investor uncertainty around Trump's policies remains a concern.

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FAQ

Why Bullish?

Trump's supportive stance on crypto has historically fueled positive market reactions, boosting BTCUSD.

How important is it?

The inclusion of BTC in strategic discussions increases market confidence and drives demand.

Why Short Term?

The immediate market response suggests a quick upward trend, influenced by current news.

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