Bitcoin prices fall after Donald Trump’s executive order for strategic bitcoin reserve disappoints market

Bitcoin prices fell over 5% on Friday after White House crypto czar David Sacks indicated that the US government wouldn’t use taxpayer money to fund a strategic stockpile of the largest digital asset ordered by President Donald Trump.

Bitcoin price dropped as much as 4.63% to $87,925 as of 10:35 AM. Prices of other smaller digital tokens including Ethereum, XRP, Cardano and Solana also dropped up to 5%.