Bitcoin Price Drops Following Executive Order

President Donald Trump signing the executive order for the US strategic reserve for Bitcoin has turned out to be a ‘sell the news’ event.

Bitcoin’s price crashed down from $92,000 to a low under $85,000, resulting in a decline of more than 7% in the last 24 hours. Meanwhile, altcoins also experienced a downturn of 5-7%, as the broader crypto community does not seem to be very pleased with the reserve news.