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Crypto-Related Stocks Slump Along with Digital Coin Prices on Trump Plans | Global News Avenue

Crypto-Related Stocks Slump Along with Digital Coin Prices on Trump Plans

Key Points

  • Stocks of companies linked to cryptocurrency fell in the price of digital assets related to President Donald Trump’s latest move.
  • Trump’s decision to establish a federal Bitcoin strategic reserve without planning to buy more, the crypto market was affected.
  • Fed Chairman Jerome Powell commented that central banks will take pending cuts while weighing the impact of Trump’s tariffs also affect cryptocurrencies.

Strategy Shares (Mstr) and other cryptocurrency-related companies have sunk prices with digital coins, which are concerns about President Donald Trump’s federal strategic reserve plan and concerns about the U.S. economy.

Trump signs executive order on Friday Establish The new reserve he said was that he made the United States “The capital of Seputo on EarthHowever, the proposal only requires reserves to include assets that the government has seized through legal actions and does not recommend purchasing other purchases.

Another factor that weighs the crypto market is the economic impact of Trump’s tariffs, and the reactions to them by other countries, including the future of interest rates. last week, Fed Chair Jerome Powell In the speech, the decision makers will take Waiting method Score the cuts until the impact of the president’s actions is better understood.

Bitcoin’s largest company holder strategy stock fell 13% on Monday morning. Stocks of crypto trading platform Coinbase Global (coin) and Bitcoin miner Mara Holdings (Mara) also fell by about 12% and 13% respectively.

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