BTC, ETH, Sol: The encryption prices fell after the initial assembly of the American strategic reserve news

Coded Prices turned sharply after a batch during the weekend after the US President Donald Trump It officially announced plans for the United States strategic Encryption Reserve.

On social media, Trump announced Plans of the encryption reserve Details installed about this step that was very expected by defenders of encrypted currencies. Bitcoin (BTC)The largest encrypted currency increased by market value, approximately 14,000 dollars, or about 18 %, to more than $ 93,000 on the news.

ethereum (Eth)The second largest encryption has gained 13 % over the past few days to trade at $ 2300. Meanwhile, Coinbase’s currency trading platforms (currency) And Robinhood (Kabbout) 9 % and 7 % increased, respectively.

However, the gains did not last long.

Low prices

Bitcoin decreased by 1 % before the opening of the American markets on March 3, while other cryptocurrencies like Ethereum, Solana (Sol) and Xrp It decreases by 5 % or more than the opening trading bell. While many encryption bulls praised the announcement of the encryption reserve as a way to remove Bitcoin from the clouds he witnessed The price decreased to less than 80,000 dollars On February 28, others took a more ridiculous approach.

On social media, some people criticized the timing of the coding reserve declaration, claiming that it was an attempt to enhance encryption prices before Trump’s speech to Congress on March 4. Others wondered how The encryption reserve will work He said they want to see more details of the plan. The Trump administration plans to hold the first White House encryption summit on March 7.

Bitcoin is currently trading at $ 93,100, after a decrease of 1 % in the past 24 hours. The cryptocurrency is flat per year.

Is BTC buy?

Most of the Wall Street companies do not offer bitcoin price rates or targets, so we will look at the cryptocurrency Three months performance instead of. One can also see in the graph below, the BTC price has decreased by 4.66 % in the past twelve week.