Bitcoin and the altcoins selected for the US crypto strategic reserve could stay range-bound in the short term, barring a blockbuster announcement on March 7.
The cryptocurrency community keenly awaits the first-ever White House Crypto Summit on March 7, which is expected to provide more details on the planned crypto reserve announced by US President Donald Trump on March 2.
Although the initial announcement included Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA), several critics slammed the idea of adding centralized altcoins alongside Bitcoin in the reserve. US Commerce Secretary Howard Lutnick clarified in an interview with The Pavlovic Today that Bitcoin is likely to have a special status in the nation’s crypto reserve.
Crypto market data daily view. Source: Coin360
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