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Bitcoin market dominance fell below 50% after Trump announced the launch of a strategic crypto reserve
03-03 02:25

Odaily News After Trump announced that altcoins would be included in the US strategic cryptocurrency reserves, although Bitcoin rose 10% in the short term, its market dominance was weakened, falling from 55.4% to below 50% at one point.

Analysts believe that the Trump administration’s move not to implement Bitcoin reserves is surprising and do not understand the logic of including altcoins. Bitwise’s strategy director believes that Trump underestimates the importance of crypto strategic reserves focusing on Bitcoin.

Even crypto-unfriendly economist Peter Schiff pointed out: "What is the rationale for the XRP reserve? Why is it needed at all? I disagree, we have a gold reserve, Bitcoin is digital gold, so let's create a Bitcoin reserve." (Cointelegraph)

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