Why Did the Crypto Market Crash 10% After Trump’s Reserve Announcement?

Quick Summary:

Crypto market is registering a massive slump, one day after skyrocketing following an announcement by former US President Donald Trump of a national crypto reserve.

Bitcoin, having once crossed $93,000 upon the news, has lost close to 10% and stands at trading approximately $83,180 now.

Amid uncertainty, the cryptocurrency market remains volatile.

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Article Details

Author / Journalist: Sneha Murali

Category: Crypto

Markets: United Arab EmiratesCanadaChinaMexico

Topics: TRUMP Market Updates Market News Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 10:50:06 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 26663166

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 55 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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