Bitcoin plunged about 6% after US President Donald Trump signed an administrative order to establish a strategic Bitcoin protection area.
Market participants said the government hoped to announce a plan to buy more Bitcoin (BTC), but Trump’s encryption Tsar David bag would use only Bitcoin in the criminal case.
According to CoinmarketCap data, Bitcoin has decreased by about 6%, down from $ 90,400 to $ 84,979.
Bitcoin was later traded at $ 86,460 at the time of publication. source: Coinmarketcap
Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA) are also in news. After confirming that the bag will be “US digital asset stockpiles”, it consists only of digital assets confiscated in crime or civil litigation.
SACKS said, “The government will not get additional assets for reserve assets beyond what is obtained through the confiscation process.”
In the last one hour, Ether has decreased by 4%, XRP has dropped 7%, Solana slipped 5.14%and Cardano 9.19%.