Bitcoin Slumps Amid U.S. Strategic Reserve Plans
- Bitcoin’s price fell nearly 4% over a week, trading at just over $84,000 per coin.
- The asset is down more than 20% from its January record high.
- U.S. President Trump announced plans for a strategic Bitcoin reserve.
- Nearly $900 million was withdrawn from Bitcoin ETFs this week.
- Bitwise launched the Bitcoin Standard Corporations ETF, tracking firms with large Bitcoin holdings.
This week, Bitcoin’s value decreased by almost 4%, closing at over $84,000 as macroeconomic uncertainties and strategic reserve announcements influenced market dynamics.
Source (2.6)https://decrypt.co/309992/this-week-in-bitcoin-strategy-stalls-white-house-to-buy-more-btc?rand=52368
