Bitcoin Falls as Trump's Executive Order Underwhelms — Market Talk

Bitcoin falls, even after President Trump signed an executive order Thursday to create a strategic bitcoin reserve and an additional stockpile of other digital assets. Cryptocurrencies are lower as the bitcoin reserve and stockpile will be capitalized by forfeited assets already owned by the government rather than by any new funding, Deutsche Bank analysts say in a note. The news came ahead of Friday's White House crypto summit. Bitcoin falls 1.3% to $88,237, according to LSEG. ([email protected])