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Cryptocurrency: Bitcoin plunges by 5%

07/03/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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After the announcement of the establishment of a “strategic bitcoin reserve” by Washington, composed of digital assets confiscated by American justice, the price of bitcoin lost up to 5.7%

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Bitcoin went down to $84,707, around 1:00 GMT. It was still down by 3% around 01:30 GMT. According to the White House Advisor on Artificial Intelligence (AI) and Cryptocurrencies, David Sacks, “the reserve will be powered by bitcoins belonging to the federal government and confiscated in criminal or civil proceedings. It won't cost taxpayers a cent.”

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