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Why Bitcoin is Down: Trump’s Reserve Strategy Sparks Price Volatility
The cryptocurrency market is reeling from a historic shift with Bitcoin now being a recognized U.S. strategic asset. President Donald Trump’s recent executive order prevents the government from selling its 200,000 BTC holdings, according to a research by global brokerage firm FBS. The move initially sent Bitcoin soaring past $94,000, but details of the plan led to market volatility, with prices briefly dipping below $85,000. Investors are now questioning whether this marks the beginning of a new financial era or a strategic political maneuver. From Euphoria to Volatility When Trump first hinted at a ... (full story)
