Bitcoin’s market share has recently dipped below 60%, shifting focus toward altcoins as the expectation rises for a US Crypto Reserve to be introduced by Donald Trump. The announcement, alongside a White House Crypto Summit, is expected to further impact the crypto landscape.

Trump mentioned the reserve would not only include Bitcoin and Ethereum but also include altcoins such as XRP, Solana, and Cardano, positively affecting their market performance.

The immediate market response included Bitcoin spiking to $94,220 while various altcoins saw significant surges in value, with some soaring over 60%. This shift marks a pivotal moment that could cultivate an anticipated ‘altcoin season’.

BTC Dominance

Source

As analysis approaches, the impact of Trump’s announcements and the potential for the reserve to materialize could redefine the crypto market’s trajectory, amplifying interest among investors and traders alike.