CNBC: Crypto market volatility intensifies after Trump signs executive order on strategic bitcoin reserves
Online reports, CNBC reported that Bitcoin fell on Monday, affecting market sentiment after President Trump signed an executive order to create a U.S. strategic bitcoin reserve. The reserve will be funded by bitcoins seized in criminal and civil forfeiture cases, and the U.S. government currently has no plans to buy more bitcoins. Cryptocurrency prices fell after the strategic reserve was announced last week, and investors were disappointed that the plan had no more offensive measures.
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