The price of Bitcoin rallied to $95,083 per piece on Sunday from $78,225 on Friday following Trump's announcement. It normalised to $83,687 on Tuesday at the time of writing this report
Market analysts see this as a defining moment for the digital asset industry, bringing a shift in market sentiment, and likely influencing global regulatory approaches
US President Donald Trump's announcement of establishing a US 'Crypto Strategic Reserve' contributed to a $300 billion rally in the global crypto market
Cryptocurrency is highly volatile, and prices can change rapidly. Even with Tuesday's drop, bitcoin is still up significantly since Trump won last year's election
Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth
Edul Patel, CEO and co-founder of Mudrex, shares his views on Bitcoin, meme coins, Trump's policies, AI in trading, and the future outlook of cryptocurrencies
Under the proposed framework, any prescribed reporting entity dealing in crypto-assets will be required to furnish transaction details within a specified period
Melania Trump's $MELANIA meme coin launch sparked a crypto frenzy, hitting a $5 bn market cap and causing a 40 per cent crash in Donald Trump's $TRUMP token within minutes
Token's rise came after Trump and his wife Melania unveiled memecoins over the weekend, with Trump's rapidly reaching a market capitalization of more than $15 billion before declining sharply
Trump has promised to be a 'crypto president', and is expected to issue executive orders aimed at reducing crypto regulatory roadblocks and promoting widespread adoption of digital assets
Trump plans to issue an executive order prioritising cryptocurrency, establish a Bitcoin reserve, and create a crypto advisory council to reduce regulatory hurdles
Bitcoin has surged in price since Trump's victory, topping $100,000 for the first time last month before briefly sliding down to about $90,000 earlier this week
The iShares Bitcoin Trust (ticker IBIT) smashed industry records in its launch year of 2024. In just 11 months, it grew to a behemoth with more than $50 billion in assets
The Fed on Wednesday delivered a third straight interest-rate cut while signaling a slower pace of monetary easing next year to keep inflation in check, sending global stocks into a tailspin