🔵Bitcoin fell over 5% following Donald Trump’s executive order to establish a national digital asset reserve. BTC dropped from $90K to $85K but later partially recovered to $88.5K.
🔵Under the order, the U.S. will stop selling confiscated Bitcoin and focus on accumulating it. This triggered market volatility: crypto market capitalization declined by 3.5%, Ethereum dropped 4%, and Cardano fell 7.3%.
🔵In the past 24 hours, trader liquidations totaled $528M, with $393M in longs. Despite outflows from crypto ETFs, the Fear & Greed Index rose from 25 to 34, indicating a decrease in investor panic.