US Stock Market Move | Bakkt Holdings(BKKT.US) surged more than 22%, Trump discusses crypto strategic reserves.

On Monday, Bakkt Holdings (BKKT.US) saw its stock price rise, with the stock up more than 22% to $14.62 as of the time of writing. On the news front, former President Trump announced in a Truth Social post last Sunday that an executive order regarding cryptocurrency "directed the President's working group to advance a strategic reserve including XRP, SOL, and ADA." Over an hour later, Trump posted a second Truth Social post adding, "Clearly, Bitcoin and Ethereum and other valuable cryptocurrencies will become the core of the reserve. I also like Bitcoin and Ethereum." Bakkt Holdings is a US-based digital asset management and payment technology company focused on providing cryptocurrency trading, storage, payment solutions, loyalty points redemption, and other services for consumers and institutions.