U.S. President Donald Trump connected Sunday said that bitcoin (BTC), ether (ETH), XRP, solana (SOL) and cardano (ADA) could comprise the promised strategical crypto reserve, sparking a crisp rally successful these tokens' prices.
The spot-led rally saw these tokens commercialized astatine a important premium connected the Nasdaq-listed Coinbase exchange, a proxy for the U.S. demand, compared to the offshore elephantine Binance, according to information root TradingView.
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The alleged Coinbase premium for XRP, SOL, and ADA surged to the highest level since Feb. 3. BTC and ETH traded astatine somewhat higher prices connected Coinbase than Binance.
Since aboriginal past year, Coinbase premium has been a diagnostic of terms rallies, validating the bull runs. Read more: Bitcoin Jumps Above $91K After Trump's U.S. Crypto Reserve News Brings Bulls Back