U.S. President Donald Trump's announcement of plans to establish a national strategic reserve of cryptocurrencies including solana (SOL), cardano (ADA), XRP, Bitcoin, and Ethereum caused the prices of these assets to soar by up to 60% on Sunday. However, traders remain cautious until more concrete plans are revealed. Trump is scheduled to hold the first Crypto Summit on March 7 to share further details on crypto regulations and support for businesses in the country. The announcement of the crypto reserve and the summit caused a surge in the crypto market, but some believe more volatility is expected until further details are provided. Investors are also watching for inflows to U.S.-traded ETF products to gauge the potential continuation of the bull market.



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