Bitcoin and other cryptocurrencies experienced a decline following an announcement by White House crypto czar David Sacks on X. Sacks revealed that US President Donald Trump has signed an executive order to establish a strategic Bitcoin reserve along with stockpiles of other digital assets. However, the market reacted negatively as Sacks clarified that no taxpayer money would be allocated to purchase cryptocurrencies for these reserves. The statement emphasized that the initiative will not involve public funds for acquiring digital assets. — news from Bloomberg
