Cryptocurrencies stabilized early Friday after falling the previous day. The decline followed President Donald Trump’s executive order creating a strategic bitcoin reserve and a separate “digital asset stockpile” for the U.S.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Cryptocurrency stabilized early Friday after following the previous day.
00:06The decline followed President Donald Trump's executive order creating a strategic Bitcoin
00:10reserve and a separate digital asset stockpile for the U.S.
00:15Bitcoin traded flat under $89,000 following the announcement.
00:19Earlier losses in Ether, XRP, and Solana's SOL
00:23erased, but all three remained in the red on Friday.
00:26The government's digital asset stockpile will contain forfeited non-Bitcoin assets,
00:30but won't include new acquisitions beyond those obtained through legal proceedings.
00:36Investors viewed the news positively,
00:38but were disappointed by the lack of immediate buying pressure.