TRUMP SIGNS ORDER TO STRATEGIC BITCOIN RESERVE
- NEWS Desk Global
- Mar 7
- 1 min read
U.S. President Donald Trump has signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government, disappointing some in the market who had hoped for a firm plan to buy new tokens.
The announcement, made on Thursday ahead of a meeting with crypto executives at the White House later on Friday, sent the price of bitcoin down by around 5% to $85,000. In early European trading on Friday, bitcoin has recovered to trade at $89,200 .
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