The cost of bitcoin fell almost 10 percent lower than 85 thousand dollars.
Bitcoin price, which sharply increased against the background of statements by US President Donald Trump on the creation of a national cryptocurrency reserve, began to decline again due to fears related to the plan for the implementation of this initiative.
According to the analytical company CoinmarketCap, the cost of the global cryptocurrency market, including bitcoin, decreased by more than 10 percent in 24 hours, amounting to 2.78 trillion dollars.
The cost of bitcoin, the largest cryptocurrency, over the past 24 hours has fallen almost 10 percent lower than $ 85 thousand lower.
as of 09:18 by Turkish time, Bitcoin traded at a price of $ 84,146.
Last month, the price of Bitcoin sank by more than 17 percent, which became the largest monthly percentage fall since June 2022.
Optimism that Trump will support a strategic bitcoin fund and put an end to the repressions of former President Joe Biden, supported the growth of bitcoin from November 2024.
Meanwhile, the price of Ethereum, the second in capitalization of cryptocurrency, decreased by about 14 percent to 2102 dollars.
On Sunday, March 3, US President Donald Trump announced plans to create a strategic cryptocurrency reserve, which will include Bitcoin and Ethereum.
According to the head of the White House, the US cryptocurrency reserve will contribute to the development of this most important sector after the long years of corruption attacks by the administration of the former president Joe Biden.
Trump noted that he instructed the working group to continue working on the formation of a strategic cryptocurrency reserve of digital assets, including XRP, SOL and ADA.
“I will make the United States to become a cryptostostolic in the world. We will make America the great again,” Trump wrote on the social network Truth Social.
Meanwhile, analysts note that the optimism of investors regarding Trump’s plan to create a cryptocurrency reserve has declined, and fears about this plan are preserved.