Bitcoin (BTC) plummets in the last 24 hours. Why?

The world's leading cryptocurrency rose nearly 10% yesterday (3), but faced a reversal.

After U.S. President Donald Trump announced the creation of a cryptocurrency reserve for the American government, Bitcoin (BTC) skyrocketed. However, the surge did not last long. Around 11:15 AM on Tuesday (4), the world's most famous digital asset had accumulated a decline of 11.44% in the last 24 hours, priced at $82,960, according to data from CoinMarket.