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Bitcoin Slides After Trump Signs Strategic Reserve Executive Order

NewsBTC LogoNewsBTC2d ago

Bitcoin Slides After Trump Signs Strategic Reserve Executive Order - NewsBTC

Quick Summary:

For example, Metaplanet CEO Simon Gerovich argued that even though BTC is retreating, there’s no denying the importance of Trump’s latest executive order.  Gerovich stated that this new order authorizes the Secretaries of Commerce and Treasury to draft a strategy for buying Bitcoin without burdening American taxpayers.

Bitcoin and other top altcoins like ADA and Ripple’s XRP surged in price minutes after US President Trump issued a statement on a crypto strategic reserve.

After languishing below $85k for days, Bitcoin climbed past $90k last Monday and briefly flirted with the $95k level.  However, crypto’s hot streak was brief, making Trump’s latest statement a "sell on news” event.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-08 @ 02:00:25 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26733088

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 1 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 22 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://chronographically.beamstart.com/news/bitcoin-slides-after-trump-signs-17414025016717

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