Trump signed an executive order on the strategic reserve of Bitcoin. Why did the market plummet? | Bee Network
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Original author: BitpushNews Mary Liu Cryptocurrency markets fell slightly on Tuesday after U.S. President Donald Trump announced a 25% tariff on imported steel and aluminum. According to Bitpush data, Bitcoin fell 1.63% in the past 24 hours and is currently trading below $96,000, while Ethereum fell 2.12% to around $2,600. XRP and Solana (SOL) did not fluctuate much. In the past 24 hours, the total market value of cryptocurrencies fell by 0.98% to $3.15 trillion. CoinGlass data shows that during the same period, the total amount of liquidation in the entire crypto network reached $233 million, mainly long orders, equivalent to about $149 million. Trump tariffs and macroeconomic uncertainty Tracy Jin, vice president of cryptocurrency exchange MEXC, attributed the markets movement primarily to the Federal Reserves recent decision to keep…# Analysis# bitcoin# crypto# ethereum# Market# TokenPre
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- This morning, the long-awaited executive order on the strategic reserve of Bitcoin finally came. At around 8 a.m. on March 7, David Sacks, director of AI and cryptocurrency at the White House, post...