Crypto-Related Stocks Slump Along with Digital Coin Prices on Trump Plans - Investopedia

Big news in the world of cryptocurrency! President Trump announced a plan for a government bitcoin reserve, but it won't involve buying new bitcoins. This, along with worries about the economy, made cryptocurrency prices go down.

Many companies that work with crypto also saw their stock prices fall. This shows how connected the crypto world is to the regular stock market.

The Federal Reserve is also watching closely and isn't planning to change interest rates right away.

• Trump created a bitcoin reserve, but won't buy new bitcoin.
• Crypto prices dropped because of this news and economic concerns.
• Companies like Coinbase and MicroStrategy saw their stock prices go down.