Crypto Market Recap: WLFI Launches Strategic Token Reserve

Bitcoin and Ethereum price update

Bitcoin started the day trading at US$97,078, recording a 1.2 percent increase over 24 hours.

The period's trading range saw a high of US$97,509 and a low of US$95,258.

Meanwhile, Ether was priced at US$2,733.80, marking a rise of 3.2 percent over 24 hours. The cryptocurrency reached an intraday high of US$2,733.80 and a low of US$2,618.75.

Altcoin price update

• Solana (SOL) is currently valued at US$200.61, 4.5 percent higher over 24 hours, after hitting a daily high of US$201.12 and a low of US$190.14.

• XRP rose to US$2.73, marking an 11.4 percent increase. The cryptocurrency reached an intraday high of US$2.77 and a low of US$2.42.

• Sui (SUI) is trading at US$3.65, near its highest valuation of the day and a 4 percent increase. It achieved a daily high of US$3.68 and a low of US$3.44.

• Cardano (ADA) is up, priced at US$0.808, reflecting a 2.6 percent increase over 24 hours. Its highest price on Friday was US$0.8260 and its lowest was US$0.7765.

Crypto news to know

World Liberty Financial (WLFI), a crypto platform in which US President Donald Trump holds a financial stake, announced the launch of a strategic token reserve aimed at supporting Bitcoin, Ethereum and other leading cryptocurrencies.

In a statement posted on X, formerly Twitter, WLFI said the reserve will help mitigate market volatility, enable investments in decentralized finance and facilitate partnerships with financial institutions contributing tokenized assets.

The move comes as Trump and his family expand their crypto ventures.

In addition to WLFI, Trump Media & Technology Group (NASDAQ:DJT) recently announced its shift into financial services tied to crypto. Trump's $Trump meme coin has generated millions in fees, and WLFI has recorded US$500 million in token sales.