The weirdness around rump's "US Crypto Reserve" announcement

[struggle4progress]

1. Bitcoin tumbles, reversing most of the rally from crypto reserve announcement

Published Mon, Mar 3 20257:29 AM ESTUpdated 3 Hours Ago
Tanaya Macheel

A bitcoin rally faded Monday as traders grappled with concerns that proposed tariffs were on track to take effect.

Concerns about the economic impact from these levies overshadowed earlier excitement about President Donald Trump’s announcement of a U.S. strategic crypto reserve. Bitcoin
was last trading down 8% at the $86,000 level, according to Coin Metrics. Ether
is was down about 15% to $2,100.

Meanwhile, stocks tied to cryptocurrencies also reversed direction. Coinbase and Robinhood fell 4.6% and 6.4%, respectively. Shares of MicroStrategy swung from a 14% rally when the market opened to trading down more than 1.8% Monday afternoon ...

https://www.cnbc.com/2025/03/03/crypto-market-today.html