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Crypto Market Cap Plunges 12% as Trump’s Reserve Plan Faces Uncertainty

  • The total cryptocurrency market capitalization tumbled by 12.3% to $2.85 trillion, with Bitcoin falling 9.8% and Ethereum plummeting 14.8%.
  • The sudden sell-off led to over $1 billion in liquidations and affected over 311,000 traders.
  • Trump's proposal for a strategic cryptocurrency reserve faced skepticism and concerns about its legitimacy and long-term viability.
  • Bitcoin had its worst-performing February in a decade, with a 17.39% loss and concerns about short-term trajectory.

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