Trump Signs Order for U.S. Bitcoin Reserve, But Market Shows Limited Immediate Optimism

Benzinga

Cryptocurrencies stabilized early Friday after falling the previous day. The decline followed President Donald Trump’s executive order creating a strategic bitcoin reserve and a separate “digital asset stockpile” for the U.S.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Cryptocurrency stabilized early Friday after following the previous day.

00:06The decline followed President Donald Trump's executive order creating a strategic Bitcoin

00:10reserve and a separate digital asset stockpile for the U.S.

00:15Bitcoin traded flat under $89,000 following the announcement.

00:19Earlier losses in Ether, XRP, and Solana's SOL

00:23erased, but all three remained in the red on Friday.

00:26The government's digital asset stockpile will contain forfeited non-Bitcoin assets,

00:30but won't include new acquisitions beyond those obtained through legal proceedings.

00:36Investors viewed the news positively,

00:38but were disappointed by the lack of immediate buying pressure.

Category

Transcript

Recommended