
Bitcoin Falls 4.7% as Trump’s Bitcoin Reserve Plan Disappoints Investors
- Market Reaction: Bitcoin dips 4.7% despite Trump’s executive order for a strategic Bitcoin reserve.
- Key Concern: Investors unimpressed as the reserve is funded by seized assets, not new purchases.
- Broader Crypto Impact: Ethereum down 6%, altcoins losing up to 10%.
- BTC Outlook: Rebounds from $84,700, with analysts predicting short-term consolidation.