Trump launches a Bitcoin-only reserve from seized assets. XRP left out, but traders still bullish. Market’s watching for policy shifts!
President Donald Trump just announced a Strategic Bitcoin Reserve—but here’s the catch: it only holds BTC seized from criminal cases! No XRP, no Solana (SOL), no Cardano (ADA).
The idea? Treat Bitcoin like digital gold. White House crypto adviser David Sacks even called it a “digital Fort Knox.” But many in the crypto world were hoping for a reserve that actually buys Bitcoin and other assets.
Following the news, Bitcoin dropped to $84,979 before gaining back 4% to $90K. Traders are acting fast—Deribit data shows increased short-term put options on BTC, ETH, and SOL as hedges. But XRP is the outlier!
XRP derivatives volume jumped 41% to $11.55B, with long-term calls dominating.The 24-hour long/short ratio? 0.9253, meaning traders are bullish.
This comes right before the White House Crypto Summit, where execs from Coinbase & Ripple will push for clearer regulations.
So, will future policies expand the reserve to altcoins? The market’s watching, and so should you!
Also Read: TRM Labs Report: ISKP Uses Monero (XMR) for Crypto Fundraising, Highlights Shift in Terror Financing