Bitcoin surged more than 20% from last week's lows on Monday and several other cryptocurrencies also rallied sharply after U.S. President Donald Trump raised the possibility of a new U.S. strategic reserve that would include a range of tokens.

A national crypto reserve will “elevate this critical industry after years of corrupt attacks” Trump said, adding he directed his administration to “move forward on a Crypto Strategic Reserve” that includes cryptocurrencies XRP,

Bitcoin rose sharply and could extend its recovery after President Trump announced the creation of a U.S. strategic crypto reserve, XTB's Kathleen Brooks said. "Ironically, a \[cryptocurrency\] that was designed to be isolated from government interference and decentralized,