Bitcoin, Ethereum, and other major cryptocurrencies surged in value Sunday as President Donald Trump signaled plans for which assets could be included in a proposed U.S. crypto reserve. But Bitcoin has already shed thousands of dollars worth of gains on Monday, with other assets starting to fade as well.
Following a nearly $4,000 rapid drop that took the price back below $90,000 on Monday, Bitcoin is currently priced at $90,529 as of this writing. It’s still showing a nearly 4% rise over the past day, but is down after nearly touching $95,000 on Sunday.
That said, Bitcoin has recovered substantial ground since dipping below the $79,000 mark on Friday.
Ethereum is back just below $2,300 after rising above $2,500 on Sunday, while XRP, Solana, and Cardano—the three other assets that Trump said would comprise a planned U.S. reserve—have likewise given up some of their towering gains from Sunday.
Editor’s note: This story is breaking and will be updated with additional detail.
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Source: https://decrypt.co/308464/bitcoin-ethereum-solana-falling-trump-reserve-hype
