Bitcoin Price Dropped + Details
reports Mehr News Agency , Bitcoin’s price, which had reached $ 2 on Monday, dropped by 4.9 percent today and is about $ 2.
Donald Trump has signed an executive order to create a workgroup on digital currency markets, which is to find ways to lead America in the virtual currency industry. The order also examines the creation of a National Digital Capital Reserve Fund.
Although this executive is a step forward in the virtual currency sector, there is no mention of the creation of a bitcoin strategic reserve fund that investors were looking forward to. A few minutes after the signing of this order, Bitcoin’s price dropped to $ 5.
Before announcing this command, Senator Cynthia Lumis , who is a fan of Bitcoin, has announced that there would be great things happening on the X -Social Network. So many were waiting for the news of the formation of a bitcoin strategic fund.
Social post Lumis suddenly raised the price of Bitcoin from $ 1 to $ 5. But the market later realized that Lomis was his selection as the chairman of the Senate Digital Capital Banking Committee.
Market participants now know that creating a one-day-old bitcoin strategic fund is not possible with a signature.
In the virtual currency market, buying rumors and news is a common practice, and Bitcoin’s reaction to Trump’s executive order is in accordance with the same process.
