Last night, Donald Trump established a new working group via Executive Order that will look into a possible national crypto reserve.
Although this does not yet mean that a final decision on a strategic reserve has been made, the market initially reacted negatively with a slight drop in the share price. Nevertheless, sentiment has since become more optimistic, mainly because of the possible long-term consequences of this move.

Many investors felt the price swings reminded them of the situation surrounding the adoption of the Spot Bitcoin ETF. Back then, a brief decline was followed by a prolonged rally. Again, the biggest winners are the smart-contract platforms Ethereum (ETH) and Solana (SOL). These rose nearly 6 percent and almost 6 percent, respectively, in the past 24 hours. Bitcoin (BTC), on the other hand, recorded an increase of only about 2 percent. Bitcoin maximalists had hoped for the announcement of a strategic Bitcoin-only reserve, but the official document speaks rather of a "Digital Asset Stockpile."

Moreover, Trump seems open to a reserve of crypto assets developed specifically in the US. Since Trump launched his own memecoin on Solana, SOL has gained legitimacy. Ethereum's better performance, however, has been attributed to its closer ties to the traditional financial system. At the World Economic Forum, Larry Fink, CEO of BlackRock, again spoke positively about tokenization, which is currently taking place primarily on Ethereum.

Trump's DeFi project, World Liberty Financial, continued its crypto investments in recent days, buying more BTC and ETH. This gives the market leaders additional support. Which other altcoins WLFI has its sights on, read our Ethereum report: Make DeFi Great Again: These are Trump's Ethereum plans.

The Real World Assets (RWA) market also reacted positively to the novelty, in line with Larry Fink's statements. Chainlink rose by more than 5 percent in 24 hours, Ondo by nearly 9 percent, and Mantle even by more than 13 percent.

Despite these developments, BTC dominance remains close to recent highs at about 58 percent. Nevertheless, this dominance may diminish as interest in ETH, SOL and other altcoins grows. This could herald the long-awaited Altcoin-Season that many investors are hoping for.