🔴Bitcoin has fallen below $90,000 and is currently trading at $86,000, according to Binance. The decline has also impacted other cryptocurrencies, including Ethereum, Solana, and Cardano.
🔴The price drop coincided with a cryptocurrency forum held at the White House. During the event, U.S. President Donald Trump signed an executive order on March 7 to establish a strategic Bitcoin reserve.
🔴The reserve will consist of crypto assets already owned by the U.S. However, the long-term market impact of this decision remains uncertain.