Bitcoin climbed above $92,000, an 18% increase from its Friday low, while Ether rose by 13% to around $2,300.

The surge followed President Donald Trump’s revelation of a strategic crypto reserve, encompassing not only Bitcoin, but also Ether, XRP, Solana’s SOL, and Cardano’s ADA. This marks a shift from his earlier focus on a “Bitcoin stockpile”. The news triggered a market-wide upswing, with Bitcoin reaching $95,000 and smaller coins seeing double-digit percentage gains.

The announcement provided much-needed relief for investors, who had witnessed a period of consolidation and a recent dip below the crucial $90,000 threshold. This drop, the first in three months, had sparked concerns of a potential further decline towards $70,000.

Investors are now keenly awaiting further details on the reserve plans, with White House AI and crypto advisor David Sacks hinting at “more to come” at the upcoming White House Crypto Summit this Friday. The sustainability of the current price surge will likely depend on the specifics revealed during the event.

Meanwhile, related stocks also saw gains, with Coinbase and Robinhood rising by 9% and 7% respectively in premarket trading, and MicroStrategy climbing by 12%.