The crypto market, led by Bitcoin (BTC), has experienced a significant bullish turnaround following President Donald Trump's announcement of the five tokens he plans to include in the strategic crypto reserve. Trump named ETH, XRP, SOL, and ADA along with BTC and ETH as the core tokens in the reserve. BTC surged nearly 10% in 24 hours and reached a high of over $95,000, while the other tokens also saw substantial gains. This move by Trump is seen as evidence of a "Trump put" on crypto, suggesting that his administration will support the market in turbulent times. Traders have shown renewed interest in bullish bets on Deribit-listed call options at the $100,000 level. The increased activity in these options indicates that traders are betting on further price gains despite ongoing volatility. However, there are concerns that progress on the crypto reserve could be slower than expected, and there is skepticism about execution, Congressional approval, and potential long-term risks. The upcoming White House Crypto Summit on March 7 is expected to provide more details about the reserve.



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