BTC price experienced a rapid decline to the level of 103 thousand dollars at the time of writing. Lummis had everyone excited. Strategic Bitcoin with a post by Eleanor Terrett $101,713.0 Expectations for a statement regarding its reserve were dashed.
Why Bitcoin Fell
Lummis suddenly announced that he would make a big announcement at 6:00 p.m. everyone this Strategic Bitcoin Reserve He thought it would be about. They were right, because he’s the owner of this bill and he’s the person Trump put in charge of it. However, he has not made a statement yet. Fox journalist Eleanor Terrett wrote that the Senator will enter the presidential ballot in the Senate Banking Committee subcommittee.
Digital Assets Subcommittee Posting without any hint of voting for Lummis made everyone think he was going to announce something big about the Strategic Bitcoin Reserve. Still, having him chair the Digital Assets Subcommittee would be a positive development for cryptocurrencies.
BTC price After climbing to 106 thousand dollars due to the disappointment of expectations, it returned to 102,649 dollars.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
