Analysts say the crypto market needs a reason to move higher, such as indications that the Federal Reserve plans to cut interest rates or a clear pro-crypto regulatory framework from the Trump administration.

The US Strategic Crypto Reserve signals a dramatic shift in the government’s stance on digital assets. It's impact is far reaching for the world.

KEY TAKEAWAYS Prices of bitcoin and a slew of cryptocurrency stocks are jumping Monday, after U.S. President Donald Trump announced that the token, as well as four others, could be included in a strategic crypto reserve for the United States.