Bitcoin falls to $84,000 as Trump’s crypto reserve fails to impress
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Just hours before the White House Crypto Summit, President Donald Trump signed an executive order to establish a strategic Bitcoin reserve and a separate stockpile of other digital assets. The news plunged Bitcoin to $84,000 Thursday evening, however, as the federal government isn’t purchasing new bitcoins under the order; it’s merely establishing a reserve using its existing holdings. On Friday morning, Bitcoin was up 1%, hovering around $90,000.
Trump’s crypto advisor, David Sacks, stated on X that the Bitcoin reserve will be funded with Bitcoin already held by the federal government, seized through criminal or civil asset…
