President Donald Trump on Thursday night officially established the widely anticipated U.S. strategic bitcoin reserve , fulfilling a major re-election campaign promise to the crypto industry. The market didn’t seem to care much, however. Cryptocurrencies have recovered most of their initial losses after a quick drop following the news. Bitcoin was hovering at $88,000, the same level at traded at before Trump signed the executive order. Ether and the Solana token inched slightly higher, while XRP and the coin tied to Cardano were lower. While many praised the executive order as being a good and reasonable approach, especially given how disconcerted so many in the crypto community were by his mention of smaller and riskier coins beyond…
Apr 08 2025
