Bitcoin Price Jumps 8% as US Strategic Crypto Reserve Plan Offsets China Stock Concerns
- Bitcoin jumps 8% as the U.S. confirms BTC, ETH, XRP, SOL, and ADA in its Strategic Crypto Reserve.
- China’s CES100 falls amid U.S. tariff fears, adding to market uncertainty.
- DeepSeek AI surge sparks U.S. tech sell-offs, previously dragging Bitcoin down 5%.
Bitcoin is up by 8% as the U.S. government doubled down on its proposed Strategic Crypto Reserve (SCR).
President Donald Trump’s social media post confirmed Bitcoin, Ethereum, XRP, Solana, and Cardano will be part of a new reserve. This reserve is intended to secure the networks that will support future digital dollar transactions.
Trump’s Crypto Reserve Announcement Boosts Bitcoin
Trump’s statement established the need to secure blockchain infrastructure, especially for stablecoins that could manage global financial flows. The move indicates growing government interest in crypto’s role within national and international financial systems.
However, while the announcement created optimism in the crypto market, a more cautious mood took hold in the Chinese stock market due to …
The post Bitcoin Price Jumps 8% as US Strategic Crypto Reserve Plan Offsets China Stock Concerns appeared first on Coin Edition.
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Bitcoin Price Jumps 8% as US Strategic Crypto Reserve Plan Offsets China Stock Concerns
- Bitcoin jumps 8% as the U.S. confirms BTC, ETH, XRP, SOL, and ADA in its Strategic Crypto Reserve.
- China’s CES100 falls amid U.S. tariff fears, adding to market uncertainty.
- DeepSeek AI surge sparks U.S. tech sell-offs, previously dragging Bitcoin down 5%.
Bitcoin is up by 8% as the U.S. government doubled down on its proposed Strategic Crypto Reserve (SCR).
President Donald Trump’s social media post confirmed Bitcoin, Ethereum, XRP, Solana, and Cardano will be part of a new reserve. This reserve is intended to secure the networks that will support future digital dollar transactions.
Trump’s Crypto Reserve Announcement Boosts Bitcoin
Trump’s statement established the need to secure blockchain infrastructure, especially for stablecoins that could manage global financial flows. The move indicates growing government interest in crypto’s role within national and international financial systems.
However, while the announcement created optimism in the crypto market, a more cautious mood took hold in the Chinese stock market due to …
The post Bitcoin Price Jumps 8% as US Strategic Crypto Reserve Plan Offsets China Stock Concerns appeared first on Coin Edition.
Read More
Asset Performance March 2025: Gold Rallied in March While Tech Stocks, Crypto Fell