Bitcoin revisits $85k as crypto reserve gains fade
Bitcoin retreated to $85,000, erasing gains from last weekend’s U.S. crypto reserve hype sparked by President Donald Trump.
Crypto markets reversed course after approximately $330 billion flowed into Bitcoin (BTC) and other digital assets on Sunday, March 2, marking one of the strongest daily increases ever recorded for cryptocurrencies.
The total crypto market capitalization fell more than 10%, dropping to $2.9 trillion after previously surging to $3.2 trillion. Bitcoin’s 8% decline below $85,500 amid a broad market sell-off wiped out all the Trump-fueled gains from the weekend.
The U.S. President had announced plans for a multi-asset national crypto reserve, briefly uplifting digital asset prices.
