Big news in the world of cryptocurrency! Former President Trump wanted to create a US Bitcoin reserve, like a big pile of digital money. But instead of buying Bitcoin, the plan is to use crypto that the police already found. This wasn't exactly what many people hoped for.
- Trump's plan didn't make Bitcoin prices go up.
- Many people in the crypto industry are more interested in clear rules and taxes from the government.
- Bitcoin's price dropped a bit after the news.
- Other cryptocurrencies also lost some value.
Crypto Item | Impact |
---|---|
Bitcoin | Down about 13% |
Total Crypto Market | Down over $400 million |
Some people still think things will get better because Trump supports crypto and appointed people who like crypto to important government jobs. We'll have to wait and see what happens next!