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.

Bitcoin price has rebounded 10% in the last 48 hours, reclaiming territory above $85,000 on Sunday, March 2, after plunging to a 120-day low of around