Bitcoin was trading up a fifth from last week's lows on Monday and several other cryptocurrencies that U.S. President Donald Trump said would be included in a new U.S. strategic reserve also rallied sharply.

Trump said his January executive order on digital assets would create a stockpile of currencies including bitcoin, ether, XRP, SOL and ADA.

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.