
Mandana
@mandana
2946 Following
1343 Followers
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In recent developments, the cryptocurrency market experienced significant fluctuations following President Donald Trump’s announcement of a U.S. “Crypto Strategic Reserve.” This reserve is set to include major cryptocurrencies such as BTC,ETH,SOL,ADA and XRP. The announcement initially spurred a surge in crypto prices, with Bitcoin reaching approximately $94,834 and Ethereum peaking at $2,548 on Monday. However, these gains were short-lived; by the afternoon, Bitcoin had declined to around $86,000, and Ethereum to $2,138. Experts express skepticism regarding the long-term impact of this initiative, citing concerns over the lack of detailed information and the timing of the announcement. Additionally, new tariffs imposed on Mexico and Canada may further affect market sentiment. Other nations, including China and the U.K., are exploring similar crypto reserves, while El Salvador has abandoned its Bitcoin experiment in favor of an IMF loan agreement. 1 reply
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