Altcoins shined as Trump’s crypto reserve triggered market surge

Trump's surprise crypto reserve news sent altcoins soaring and fueled DeFi growth after a week in the red.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Trump's announcement of a strategic crypto reserve has sent shockwaves through the market, sparking a remarkable rally that breathed fresh life into cryptocurrencies. With Bitcoin and Ethereum rallying on the tailwinds of this news, it was the altcoins—XRP, Solana, and Cardano—that truly stole the spotlight. However, the most intriguing part lies in the dramatic performance of smaller altcoins that weren't even mentioned in the reserve but experienced explosive growth. What fueled this frenzy and could it signal a new era of governmental involvement? The implications may be bigger than anticipated.