The encryption prices decreased as the American strategic reserve plan is disappointed by merchants

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The prices of cryptocurrency fell on Friday as executive by President Donald Trump to create the American Bitcoin Strategic Reserve, which left investors disappointing, the plan will not lead to the absence of a wave of government purchases on a large scale of digital assets.

Bitcoin price has decreased up to 6.6 percent before its recovery slightly to circulate about $ 89,000 after the order, signed late on Thursday, that the reserve will only carry the assets that were confiscated to the US law enforcement authorities.

Traders were hoping that the United States government would start buying bitcoin and other cryptocurrencies, after Trump Hopes ignited With a social media post on Sunday. Its comments that the reserve can include ETHEREUM, Cryptocurrencies, the least well -known Cardano, Solana and XRP, an increase in its prices.

Usually, one of the backup assets is an important resource that can be used in times of crisis. The United States has an emergency oil reserve to protect it from supply shocks, while many countries have gold reserves.

The White House said it would also establish National digital origins stored symbols Unlike bitcoin, without specifying any of them. The government said it “will not get additional assets” for the stock behind those obtained through investigations, and may have enacted “possible sales” from it.

Ethereum, which is the second largest size Encryption Code, 4.5 percent decreased to $ 2,194. ADA, the distinctive symbol of Cardano Blockchain, decreased by 7.8 percent to $ 0.87, and Solana decreased by 5.6 percent to $ 143 while XRP threw 3.4 percent to $ 2.52.

Bitcoin Reserve supporters have argued that the United States must build a reserve that could serve as an alternative to the dollar. Bitcoin is likened to “digital gold” as an insecure origin by central banks or government policies.

The Trump administration has also pledged to consider buying more bitcoin as long as its strategies are “neutral for budget and do not impose gradual costs on taxpayers in the United States.”

“The United States will not sell any bitcoin deposited in the reserve. It will be kept as a value store. David Sachs, billionaire investor and Crypto Crypto TSAR on the social networking site X., the reserve is similar to the digital fortress of the cryptocurrency that is often called“ digital gold. ”

SACKS estimated that the United States has an estimated 200,000 bitcoins, at a value of about $ 17.8 billion, and promised “full accountability” to hold the government’s digital assets.

“There is no indication so far on the amount of some, if any, it will be obtained or a timetable,” said Andrew O’Neill, the S & Manager of the digital assets of the digital assets, adding that this step is “mainly symbolic.”

Washington’s embrace of encryption comes at a time when the White House hosts investors and heads of major American companies, including Coinbase and Michael Saylor from the strategy at Friday’s summit, highlighting its acceptance of the industry.