After Trump announced the launch of a cryptocurrency strategic reserve, the dominant position of the Bitcoin market fell below 50% at one point

星球日报
星球日报|Mar 03, 2025 02:25
Odaily Planet Daily News: After Trump announced the inclusion of altcoins in the US crypto strategic reserve, although it briefly pushed Bitcoin up 10%, its market dominance was weakened, and it fell from 55.4% to below 50% at one point. Analysts believe that the Trump administration's decision not to implement Bitcoin reserves is surprising and do not understand the logic behind including altcoins. The strategy director of Bitwise believes that Trump underestimated the importance of focusing on Bitcoin in his cryptocurrency strategy reserve. Even cryptocurrency unfriendly economist Peter Schiff pointed out, 'What is the reason for XRP reserves?'? Why exactly do we need it? I disagree. We have gold reserves, and Bitcoin is digital gold, so it's better to create a Bitcoin reserve (Cointelegraph)
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