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Crypto News
Trump will announce a ‘significant’ change in crypto policy, including plans for a Bitcoin Strategic Reserve at a White House summit on 7 March, US Secretary of Commerce Howard Lutnick said. Bitcoin will receive ‘special status’, and other cryptocurrencies will also be treated ‘positively’, he said.
Mexican billionaire Ricardo Salinas said that 70% of his investment portfolio is allocated to Bitcoin-related assets. The remaining 30% comes from gold and gold mining companies.
Despite BTC falling below $90,000, El Salvador expanded its national bitcoin reserve by 19 BTC, again deviating from its plan to buy one coin per day. El Salvador’s president said the country will continue to accumulate bitcoins despite pressure from the IMF.
CryptoQuant calculated that the unrealised gains of market participants holding between 1,000 ETH and 10,000 ETH have turned negative, showing the worst levels since the previous bear market.
The FxPro Analyst Team
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