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Bitcoin falls after hopes that purchases will boost Trump's strategic crypto reserve are dashed

  • Cryptocurrency prices dropped after Trump's strategic bitcoin reserve announcement.
  • The strategic bitcoin reserve will include bitcoin already held by the US government, rather than new purchases.
  • Other cryptocurrencies will go into a separate fund, as indicated by Thursday's executive order.
  • Bitcoin's price fell over 8% since the announcement, down to just over $83,000.

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