{"id":42425,"date":"2025-03-04T22:41:18","date_gmt":"2025-03-04T22:41:18","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve"},"modified":"2025-03-17T02:42:42","modified_gmt":"2025-03-17T02:42:42","slug":"bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve","title":{"rendered":"Bitcoin declines as optimism falls on Trump\u2019s \u2018Crypto Strategic Reserve\u2019"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eritrea. <\/strong><\/span>Bitcoin declined nearly 10% to below $85,000 after a brief surge following US President Donald Trump\u2019s announcement of a \u201cCrypto Strategic Reserve\u201d on Sunday.<\/p>\n<p>Trump stated in a Truth Social post that the move would lead to the rise of Bitcoin and Ethereum, as well as others, such as \u201cXRP, SOL, and ADA,\u201d thus boosting the crypto sector as a whole, suggesting that it would \u201celevate\u201d cryptocurrencies after \u201cyears of corrupt attacks by the Biden Administration.\u201d<\/p>\n<p>The global cryptocurrency market fell over 10% in 24 hours to $2.7 trillion, according to data from CoinMarketCap.<\/p>\n<p>Bitcoin was trading at $83,185 at 0800GMT Tuesday.<\/p>\n<p>Ethereum, following Bitcoin in market cap, fell about 14% to $2,102.<\/p>\n<p>Last month, Bitcoin fell over 17%, marking the biggest monthly decline since June 2022.<\/p>\n<p>Optimism that Trump would support a strategic Bitcoin fund and end pressure on the cryptocurrency by former President Joe Biden had led to a significant rise in Bitcoin prices in November during Trump\u2019s presidential campaign.<\/p>\n<p>Analysts say that Trump\u2019s statements raised concerns that funding for crypto purchases in the potential \u201cstrategic reserve\u201d could also come from cryptocurrencies seized by law enforcement. This would be negative for cryptocurrencies, as it could lead to crypto transfers between accounts instead of new purchases entering the market.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Eritrea<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eritrea. Bitcoin declined nearly 10% to below $85,000 after a brief surge following US President Donald Trump\u2019s announcement of a \u201cCrypto Strategic Reserve\u201d on Sunday. Trump stated in a Truth Social post that the move would lead to the rise of Bitcoin and Ethereum, as well as others, such as \u201cXRP, SOL, and [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":42424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[306,233,5832],"class_list":["post-42425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-bitcoin","tag-eritrea","tag-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin declines as optimism falls on Trump\u2019s \u2018Crypto Strategic Reserve\u2019 - Eritrea<\/title>\n<meta name=\"description\" content=\"Bitcoin declined nearly 10% to below $85,000 after a brief surge following US President Donald Trump\u2019s announcement of a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin declines as optimism falls on Trump\u2019s \u2018Crypto Strategic Reserve\u2019\" \/>\n<meta property=\"og:description\" content=\"Bitcoin declined nearly 10% to below $85,000 after a brief surge following US President Donald Trump\u2019s announcement of a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-04T22:41:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-17T02:42:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2025\/03\/sm_1741116949.061.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bitcoin declines as optimism falls on Trump\u2019s \u2018Crypto Strategic Reserve\u2019\",\"datePublished\":\"2025-03-04T22:41:18+00:00\",\"dateModified\":\"2025-03-17T02:42:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve\"},\"wordCount\":226,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2025\/03\/sm_1741116949.061.jpg\",\"keywords\":[\"Bitcoin\",\"Eritrea\",\"Trump\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/bitcoin-declines-as-optimism-falls-on-trumps-crypto-strategic-reserve\",\"name\":\"Bitcoin declines as optimism falls on Trump\u2019s \u2018Crypto Strategic Reserve\u2019 - 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