U.S. President Donald Trump recently made a statement suggesting that bitcoin (BTC), ether (ETH), XRP, solana (SOL), and cardano (ADA) could potentially form the strategic crypto reserve. This announcement caused a significant rally in the prices of these tokens.
According to data from TradingView, these tokens experienced a spot-led rally and traded at a substantial premium on the Nasdaq-listed Coinbase exchange, which is seen as a proxy for U.S. demand, compared to the offshore giant Binance.
The Coinbase premium for XRP, SOL, and ADA reached its highest level since February 3rd. While BTC and ETH traded at slightly higher prices on Coinbase compared to Binance.
The Coinbase premium has been a notable factor in price rallies since early last year, serving as validation for bullish market trends.
For more information on this topic, you can read the full article here: [Bitcoin Jumps Above $91K After Trump’s U.S. Crypto Reserve News Brings Bulls Back](https://www.coindesk.com/markets/2025/03/02/bitcoin-jumps-above-usd91k-after-trump-establishes-u-s-crypto-reserves)
