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Crypto prices experienced a surge after Donald Trump’s announcement regarding a crypto reserve on Sunday, but by early Monday, they had fallen back.

The president mentioned several assets—BTC, ETH, SOL, XRP—in his post without providing a timeline. David Sacks, dubbed the crypto czar, indicated that more details would be shared at the Summit.

Bitcoin’s price increased by about 10% on Sunday, reaching approximately $95,000, but opened around $93,100 on Monday morning. By 2 PM ET, the value dropped to $87,300.

Not everyone was pleased about the inclusion of assets beyond Bitcoin, including notable figures like Brian Armstrong and Nic Carter. According to eToro market analyst Josh Gilbert, Trump’s announcement showed how quickly a pro-crypto stance can shift market perceptions.

However, macroeconomic concerns such as inflation and new tariffs on Canada and Mexico imports still loom. Additionally, last week’s Bybit hack briefly drove BTC below $80,000. Gilbert noted that investors may anticipate continued support for Bitcoin following Trump’s vested interests in the crypto space.

As speculation grew regarding potential rises in BTC price due to interest in Bitcoin ETFs following Trump’s message, BlackRock iShares Trust (IBIT) trading volumes were reportedly typical as of 2 PM ET.

On the state level, Senator Cynthia Lummis expressed that one state could establish a BTC reserve before the federal government does. Despite setbacks in five states, 19 others have active crypto reserve proposals, per Bitcoin Laws data.