SYDNEY (Reuters) - Asian share markets made cautious gains on Monday as investors anxiously awaited confirmation of impending tariffs. In contrast, bitcoin surged following news of its proposed inclusion in a new U.S. strategic reserve for cryptocurrencies.
U.S. President Donald Trump revealed on social media that he plans to include five digital assets in this reserve: bitcoin, ether, XRP, solana, and cardano.
Bitcoin, the largest cryptocurrency by market capitalization, surged 10% to $92,905. Meanwhile, ether, the second-largest cryptocurrency, retraced to $2,443 after a 13% increase over the weekend.$