U.S. Government Stops Buying Bitcoin – Market Reacts with Shock
President Donald Trump has signed an executive order establishing a strategic bitcoin reserve, composed only of cryptocurrencies confiscated from criminals. This move confirms that the U.S. government will not actively purchase cryptocurrencies, contrary to earlier speculations.
Previously, Trump hinted at creating a crypto reserve, sparking market optimism. Following his statements, Cardano's price surged by 50 percent. However, the latest clarification – stating that the reserve will solely consist of seized bitcoins with no new acquisitions – has led to negative market reactions and price declines.
