Bitcoin drops after Trump signs crypto and ‘national digital asset stockpile’ executive order
Bitcoin price fell after US President Donald Trump signed an executive order creating a working body for researching and designing a “national digital asset stockpile.”
On Jan. 23, US President Donald Trump signed an executive order creating a working group on digital asset markets tasked with finding ways to give the US leadership in the crypto industry, along with “evaluating the creation of a strategic national digital assets stockpile.”
While the executive order is a step forward for the crypto sector, it falls short of the national strategic Bitcoin (BTC) reserve-specific executive order that BTC investors have been anxiously waiting for. Minutes after the executive order was signed, BTC responded by trending down, briefly falling to $102,220.
This downside move pales in comparison to the exuberance seen in BTC price earlier in the day when US Senator and Bitcoin advocate Cynthia Lummis posted on X that “big things are coming,” encouraging her followers to “stay tuned” for an announcement that many assumed would be a presidential executive order for the formation of a strategic Bitcoin reserve.
Go to Source
Author: Big Smokey
