Bitcoin 
$110,896.21 The price lost approximately a thousand dollars at the time of writing, and Trump’s statements were effective in this. The US President said that the 155% tax would be put into effect on November 1 and that he would meet with Xi in a few weeks. Ripple on the other hand 
$2.46 also initiates the altcoin reserve move. Here are the details.
Ripple (XRP) Reserve Company
Ripple-backed Evernorth aims to raise $1 billion. This XRP Coin will be used for purchasing. While the number of DAT (Digital Asset Treasury) companies is increasing day by day, this situation has turned into a status race for altcoins. ETH is the leader and SOL Coin is also attracting a lot of attention. Major reserve moves have arrived for BNB Coin. Chainlink 
$18.84 It launched its own reserve strategy and we have seen different public companies turn into crypto reserve companies.
Evernorth announced today that it will begin trading on Nasdaq and raise $1 billion in funding through a merger with Armada Acquisition Corp II (AACI.O). We know that Ripple is seeing interest in ETPs on the institutional front. On an annual basis BTCETH and SOL CoinAfter , the most investment flowed into XRP Coin.
Evernorth XRP Coin Reserve
The company’s CEO, former Ripple executive Asheesh Birla, and reserve companies for all crypto assets other than BTC and ETH are already doing the same. They find a company that is traded on the stock exchange, and the necessary environment is created for that company to buy their altcoins. This may continue to grow as it is very lucrative (and is an early stage strategy) in terms of both share price growth and stimulating demand for the relevant altcoin.
Ripple’s legal director Stuart said;
“XRP has a clear legal status in the US and it is no surprise that companies like @evernorthxrp want to focus on XRP. Congratulations @ashgoblue and the amazing team he has put together.”
Ripple CEO Brad Garlinghouse also made a statement;
“Asheesh and his team are building something special with @evernorthxrp. We are proud to partner with him and join incredible investors like SBI Holdings, Pantera Capital, Kraken, GSR, and Rippleworks to support Evernorth’s participation in institutional lending, liquidity provision, and DeFi yield opportunities for XRP.”
And of course, Ripple’s co-founder and president, Chris Larsen;
“Evernorth fills in the missing link in XRP capital markets and the use of XRP in DeFi products. I’m proud to invest 50 million XRP in the company (you can see some wallet activity on this).”
