The US Crypto Strategic Reserve program launched by President Donald Trump sent shockwaves through the cryptocurrency market that produced both market unrest and strong investor interest. Bitcoin experienced an initial price rally of 20% which reversed by 9% before stabilizing at $83,

Bitcoin’s (BTC) weekend rally ended in tears on Monday (March 3) as the largest cryptocurrency by market capitalization closed out the U.S.

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bitcoin backpedaled on Monday after an early rise following U.S. President Donald Trump's weekend proposal for a national strategic reserve of cryptocurrencies.

Bitcoin failed to recover the $85,000 level, where it traded before President Donald Trump's announcement of a U.S. crypto reserve sent it soaring.

Bitcoin’s rally faded Monday as traders worried about the economic impact of proposed tariffs. The concerns overshadowed excitement about Donald Trump’s announcement of a U.S. strategic crypto reserve.

Bitcoin’s notoriously volatile again, shedding $10,000 in a single day as its price tumbled from $93,000 to $83,000. This is all because of President Donald Trump’s proposal to establish a strategic cryptocurrency reserve — a pivot from his earlier stance of exclusively stockpiling Bitcoin.

President Donald Trump's decision to roll out what he and other supporters are calling a cryptocurrency strategic reserve initially saw the industry make huge gains off the weekend's announcement. But Bitcoin and Ethereum were both down during Monday's stock market dip.