Bitcoin price drops 6% after Trump establishes Strategic Bitcoin Reserve, mixed reaction in industry

From Cointelegraph

March 6, 2025 8:24:45 pm:

Bitcoin price dropped 6% after Trump established a Strategic Bitcoin Reserve. The government will use existing Bitcoin from criminal cases, seeking budget-neutral ways to acquire more. Bitcoin’s price fell to $84,979, but slightly recovered to $86,460. Ether, XRP, Solana, and Cardano also dropped on the news. Some industry participants see it as a positive step towards greater Bitcoin adoption.

Read more at Cointelegraph: Bitcoin plunges 6% as Trump’s crypto reserve falls short of hopes