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**US Financial Anxieties Undermine Trump’s Digital Currency Increase, Bitcoin Decreases to $86,000**
* Bitcoin initially increased after ex-President Trump’s unexpected declaration of a strategic reserve on Sunday but quickly decreased below $90,000.
* Production figures issued on Monday heightened anxieties regarding the American financial system.
Following ex-President Donald Trump’s Sunday statement that his digital asset group would aim to create a strategic reserve for Bitcoin, Ethereum, Cardano, Solana, and XRP, Bitcoin experienced an immediate surge.
Ethereum, after briefly increasing to approximately $2,550, has relinquished almost all of its increases since Sunday, decreasing to about $2,201. Toncoin (TON) Value Forecast for March 26th
Other marketplaces also decreased: the Nasdaq decreased by approximately 2.2%, and the S&P 500 decreased by 1.8%.
Bitcoin has decreased 7.8% this year and is currently being exchanged at around $86,233.
However, after rising from approximately $85,200 on Sunday to $94,700 in early trading on Monday, Bitcoin has entirely forfeited its increases.
Anxieties regarding the American financial system and impending tariffs have suppressed the unexpected cryptocurrency increase.
This downturn is accompanied by increasing inflation fears, Trump’s pledge to enforce tariffs on Canada and Mexico on Tuesday, and new geopolitical strains following his controversial meeting with Ukrainian President Zelensky on Friday.
Trump is scheduled to speak at a cryptocurrency summit on Friday, the first of its kind, hosted by crypto influencer David Sacks.
**Anxieties**
An index below 50 suggests that production is contracting.
The US Institute for Supply Management’s Purchasing Managers Index decreased to 50.3 in February from 50.9. This index summarizes financial activity in US production, including indicators such as employment and new orders.
Market anxieties commenced with the US production figures.
This index can serve as a measure of the overall American financial system; construction spending accounts for approximately $2 trillion.
According to figures sourced from the U.S. Census Bureau, commercial operations throughout America reached $1 trillion during the month of January.
Andrew Flanagan is a financial markets journalist employed by DL News. Do you have any inside information? Get in touch with him via [email protected].
