The price of Bitcoin (BTC) has now erased all of its gains since the announcement of a cryptocurrency reserve that took place on Sunday. 

As reported by U.Today, the flagship cryptocurrency soared above the $94,000 level after it was revealed that BTC would be at the heart of the much-talked-about cryptocurrency reserve. 

However, it ended plunged to $84,000 on Monday before further sliding to the $82,000 level. 

HOT Stories Bitcoin and XRP Keep Plunging, Erasing Recent Gains Is Bitcoin (BTC) Ready for $100,000? Solana (SOL) Skyrockets, But in Wrong Way, Shiba Inu (SHIB): Is There Any Hope? Saylor Suddenly Changes Tune on XRP Bitcoin to Do Better Than $150,000 This Year: Fundstrat Expert Tom Lee

Related
Mon, 03/03/2025 - 16:03 Bollinger Bands Signal Bearish Turn for Bitcoin (BTC)
Gamza Khanzadaev

XRP has also given up virtually all of its gains, plunging to as low as $2.21 on the Binance exchange.  

As noted by analytics platform Santiment, many traders are hitting their "breaking points" due to extreme volatility. 

The rally ended up being very short-lived, with many questioning the viability of such a reserve.  

"Overall, there is definitely a notable level of grief, frustration, and flat-out anger across crypto social media," the firm noted. 

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。