Trump's Bitcoin Reserve Plan Leaves Market Yawning Instead of Mooning
Key Points
- Trump's Bitcoin reserve announcement led to a $370 million o...
Who knew the master of 'Art of the Deal' could make Bitcoin prices go down? The crypto market just performed its favorite magic trick - disappearing money - after Trump's Strategic Bitcoin Reserve announcement failed to impress traders and institutional investors alike.
From HODL to OH-NO-DL
On March 7, Bitcoin ETFs saw $370 million in outflows, proving that institutional investors can be just as paper-handed as the rest of us. The White House's executive order to create a bitcoin reserve from confiscated assets sent prices tumbling below $87,000, with the broader crypto market shedding 4%...
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