Trump’s Bitcoin Reserve Announcement Shakes Markets
- Bitcoin prices fluctuated between $94,770 and $82,681 over the past week.
- The S&P 500 experienced its worst week in months due to trade tariff uncertainties.
- President Trump announced a strategic Bitcoin reserve holding nearly 200,000 Bitcoins.
- U.S. investors withdrew $740 million from Bitcoin ETFs this week.
- Texas Senate passed bill SB21 to create a state-managed Bitcoin investment fund.
This week, President Trump’s announcement of a U.S. Bitcoin reserve and ongoing trade tariff uncertainties led to significant market volatility, with Bitcoin prices swinging widely and substantial outflows from Bitcoin ETFs totaling $740 million.
Source (2.6)https://decrypt.co/309133/this-week-bitcoin-trump-tariffs-reserve-etfs?rand=52368
