Bitcoin falls over 5% to $81,712 amid ongoing volatility following Trump’s Bitcoin reserve proposal

Bitcoin saw a significant decline on Monday as price volatility persisted following President Donald Trump’s executive order to establish a strategic Bitcoin reserve for the United States.

The world’s largest cryptocurrency fell over 5.47 per cent to $81,712, on March 10.

The reserve will be financed using bitcoins confiscated through criminal and civil forfeiture cases, with no plans for the U.S. government to purchase additional bitcoin.