Leading coins rose marginally on a day of cryptocurrency-friendly policies announced by the Donald Trump administration.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:15 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.41% | $103,569.49 |
| Ethereum (CRYPTO: ETH) |
+1.62% | $3,299.95 |
| Dogecoin (CRYPTO: DOGE) | -3.09% | $0.3484 |
What Happened: Bitcoin recorded choppy momentum over the last 24 hours, surging to a high of $106,500 in the morning before falling to $103,000 by the evening.
The morning rally was triggered by speculations of an executive order to create a strategic Bitcoin reserve. Eventually, Trump signed an order that will evaluate the creation of a “strategic national digital asset stockpile.”
Additionally, a SEC directive that restricted banks’ ability to custody cryptocurrencies was repealed.
Ethereum surged more than Bitcoin, probably due to expectations of inclusion in the potential digital asset stockpile.
More than $382 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $262 million. However, Bitcoin’s rebound to $107,000 could liquidate nearly $368 million …
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