Bitcoin (BTC ($87,760.00)) rebounded 4% on Mar, 7 as markets shook off disappointment over the US Strategic Bitcoin Reserve.
BTC/USD 1-day chart. Source: Cointelegraph/TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from local lows of $84,713 on Bitstamp.
These came as US President Donald Trump signed a long-awaited executive order establishing the Reserve, which will ultimately consist of no “new” BTC; only confiscated coins will form the stockpile.
“Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings,” David Sacks, the White...
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