Bitcoin fell Monday as market volatility persisted following President Donald Trump’s executive order to create a U.S. strategic bitcoin reserve.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bitcoin fell Monday as market volatility persisted following President Donald Trump's
00:06executive order to create a U.S. strategic Bitcoin reserve. The cryptocurrency dropped
00:10over 6 percent to around $80,000 before recovering some losses. The reserve will
00:15be funded by Bitcoin seized in criminal and civil forfeiture cases with no plans
00:19for additional government purchases. Prices dropped after the announcement last Thursday
00:23as investors expected a more aggressive acquisition strategy. Some analysts view
00:28the move as bullish long term, suggesting it could prompt other governments to establish reserves.
00:33For all things money, visit Benzinga.com.