Cryptocurrency prices jumped after Trump’s surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund.

Crypto assets got a major boost after President Trump over the weekend announced a new US strategic reserve of digital assets. While Bitcoin dipped by roughly 4% on Monday after surging by 20% a day earlier,

A weekend boost for five crypto tokens, courtesy of a social media post from the president, fizzled out by mid-Monday morning.