Reported about 8 hours ago
A recent rally in cryptocurrency prices, instigated by Donald Trump's announcement of a US strategic reserve for digital assets, has faded rapidly. After a brief surge, Bitcoin and other major cryptocurrencies like Ethereum and XRP saw significant declines, with Bitcoin dropping from over $94,000 to below $86,000. While the proposed reserve is seen as a potential boost for the crypto market, uncertainties regarding its implementation and the need for congressional approval loom. Details are expected at an upcoming crypto summit where Trump is scheduled to speak.
Source: YAHOO