Altcoins may have more room to rally than bitcoin after the pro-crypto president elect Donald Trump returns to the Oval Office, with his inauguration scheduled on Monday, industry participants said.

A leak has revealed the incoming Trump administration could create a wider crypto reserve—prioritizing U.S.-created cryptocurrencies such as XRP and

"You're going to be very happy with me," President- elect Donald Trump told crypto-enthusiasts at a bitcoin conference last summer.

Bitcoin ( BTC 4.81%) has led the way, rising 5.6% in the past 24 hours as of 12:30 p.m. ET and nearly crossing $105,000 per token. Ethereum ( ETH 3.33%) is up a more modest 2.6% in that time, and Dogecoin ( DOGE 8.00%) is up 7.3%.

Brian Armstrong, CEO of Coinbase, has publicly endorsed a proposal for global leaders to establish Bitcoin strategic reserves.

MicroStrategy just added $243 million worth of Bitcoin to its corporate treasury, which is currently worth more than $41 billion.

Coinbase CEO Brian Armstrong argued that “free market capitalism” was the best solution to fight poverty, fueled by pro-crypto policies.

Key Takeaways The price of Bitcoin climbed above $104,000, sending stocks linked to the popular cryptocurrency higher.Crypto exchanges, Bitcoin miners and companies that hold the cryptocurrency as an asset are among the beneficiaries.

Did President-elect Trump just ignite a Bitcoin firestorm? Many crypto-related stocks posted big gains on Friday, just ahead of next week's inauguration.

Donald Trump, the self-styled bitcoin and crypto president, will reportedly issue several crypto-related executive orders on his first day back in the White

Gary Gensler has described crypto as the Wild West and one observer said markets are likely to see just that under new leadership in D.C.

The launch of spot Solana (SOL) and XRP exchange-traded products could eclipse the performance of established exchange-traded funds (ETFs) offering exposure to bitcoin and ether in their first few months of trading,