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-0.00189331577214354 -0.0080671715508726 -0.00736746789594996 -0.00676695752387239 -0.00839644385907144 -0.0286466908133026 -0.0142410273296017 0.0290171221600263
Stock impact report

Crypto Daybook Americas: Bitcoin Reserve Fails to Rouse BTC Bulls as Jobs Data Looms [Yahoo! Finance]

Bit Digital, Inc. - Ordinary Share (BTBT) 
Company Research Source: Yahoo! Finance
President Donald Trump finally delivered on his electoral promise on Thursday, signing an executive order to establish the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile. You'd expect bitcoin (BTC) bulls to rejoice, but the price of the largest cryptocurrency has dropped more than 2% since the news broke. The reaction is eerily similar to when the SEC approved bitcoin exchange-traded funds (ETFs) last January. BTC initially fell 20% over the following two weeks. Still, the bulls may be back. The price rallied to an all-time high within a couple of months after the ETFs got the green light. Dubbed the "Digital Fort Knox," Trump's initiative provides a structured framework for bitcoin accumulation. One of the key takeaways from the order is that the Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring more bitcoin without imposing extra costs on American taxpayers. This could be achieved through various means, including Show less Read more
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