President Donald Trump is set to announce a significant shift in crypto policy at Friday’s White House crypto summit, including plans for a crypto strategic reserve. While bitcoin (BTC) is expected to receive special status, other coins like XRP, SOL, and ADA are also mentioned. However, market reactions show a stark contrast. BTC has bounced to $91,000, trading just 4.5% short of Sunday’s high of over $95,000. In contrast, XRP trades at $2.57, 17% below its Sunday peak of $3.02. Cardano’s ADA and Solana’s SOL are even further behind, with ADA 27% and SOL 20% short of their respective highs. This suggests that investors do not anticipate a significant role for these altcoins in the strategic reserve. Some observers believe that Trump’s mention of these tokens might be a strategy to secure the BTC reserve, and caution that even a BTC-only reserve could take time to materialize.
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