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Bitcoin (BTC) Prices Crash, Then Jump as Trump Speech Reveals Strategic Plans for Business

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6 months ago

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Trump unveiled plans to create a “strategic national bitcoin reserve” if elected, which was in line with market expectations getting to the point.

Ahead of Trump’s comments, the digital asset surged above $69,000 on Saturday. The price fell as low as $66,700 before rising back above $68,000, CoinGecko data shows, as traders digested the speech. The broader market index, CoinDesk20they followed the same pattern.

Nearly $24 million During the speech, long positions, i.e. bets on higher prices, were liquidated, which may have contributed to the price decline.

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