#Bitcoin Dips as Trump Establishes Strategic #CryptoReserve
Bitcoin’s price took a sharp $6,000 drop after President Trump signed an executive order creating a U.S. Strategic Bitcoin Reserve. $BTC fell from $90,251 to $85,091 before rebounding to $87,600 at the time of writing.
📉 Why the Drop?
The move was widely expected, leading to a classic "sell the news" reaction. The order stops auctioning off seized crypto assets and instead holds them as part of a national stockpile—essentially a digital Fort Knox.
🇺🇸 Key Takeaways:
✅ The U.S. government will retain its estimated 200,000 $BTC
✅ No additional taxpayer money will be used to buy crypto.
✅ A U.S. Digital Asset Stockpile will also be created for non-BTC assets.
Despite the dip, Trump’s pro-crypto stance has fueled BTC’s broader rally from $65K to a high of $108K since his election win. Could this new policy be a long-term bullish catalyst? 🚀
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