Bitcoin Falls as Trump Executive Order Disappoints Crypto Enthusiasts

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US President Donald Trump signed an executive order to establish a strategic Bitcoin Reserve on Thursday, towards the White House of Cropto and Ai Czar David bags, in the post in KS.

The move marks the main policy of fulfilling the American president, aligning with his campaign for “make America Cripto capital of the world.”

Markets disappointed with Trump’s account

Despite the initial anticipation, the announcement did not provide Bitcoin with significant reinforcement. The price of Bitcoina fell from above $ 90,000 (€ 83,290) at about $ 84,600 (78,300 €) at the beginning before recovery at about $ 87,000 (80.520 €) at 5 am.

The disappointed crypto enthusiastical order as a bags in post said that the reservation will be capitalized by Bitcoin owned by the Federal Government of criminal and civil cases, and taxpayers’ money would not be used to acquire cryptocurries. “The government will not procure additional assets for supplies outside those obtained by the qualities received,” he said.

The statement also stressed that the government would retain its existing 200,000 Bitcoin funds: “The value of the value”, and the value of taxpayers will already cost. Now the Federal Government will have a strategy to maximize its farms. “

The Trump command also includes the establishment of an American digital stock of assets, “consisting of digital property not Bitcoin lost in criminal or civil proceedings.”

Bitcoin’s correlation with risky funds

Bitcoin rose last week after Trump announced the truth of social to advance to crypto strategic reserves, which includes five digital tokens, including Bitcoin, Etherum, XPR, Solana and Cardano. The post has caused a short-term rally in these criants, and Bitcoin rose above $ 94,000 (87,000 €) of about $ 86,000 (79,600 €). However, the gains were deleted the next day after Trump confirmed 25% of the tariff on Canada and Mexico, along with an additional 10% application in Chinese imports.

Bitcoin was in a retreat after 20. January hit the new time of 109,000 € (100,88 €), the day of Trump inauguration. The world’s largest cryptocurrency fell below $ 80,000 (74,000 €) 28. February, lowest from November 2024. years, publishing the worst month in three years.

The strk mirror is that the wide range of Trump Tariffs scared investors with fears of the expansion of the global trade war, which will significantly slow economic growth.

Cryptocurrencies are usually traded in tandem with traditional risky funds, especially American technological stocks. This year, Bitcoin was reduced by 6%, closely harmonization with the technical index, NASDADA 6.4% in the date.

“So far this year, Bitcoin has shown more reactive on macroeconomic trends, including a coin-exhibited street firms, more susceptible to their volatility, which contributes to its volatility, the main revenue of income in Paibis wrote in the note.