CNBC: Volatility in the cryptocurrency market increases after Trump signs executive order on strategic Bitcoin reserves

ChainCatcher news, according to CNBC, Bitcoin fell on Monday after President Trump signed an executive order to create a U.S. strategic Bitcoin reserve, impacting market sentiment.

The reserve will be funded by Bitcoin seized in criminal and civil forfeiture cases, and currently, the U.S. government has no plans to purchase more Bitcoin. Following the announcement of the strategic reserve last week, cryptocurrency prices dropped, with investors disappointed by the lack of more aggressive measures in the plan.