The price of Bitcoin on March 4, 2025, saw a decline of 9.99% to $83,557 at 9 AM Abu Dhabi time.¹ This drop comes after Donald Trump's announcement to include three largely unknown cryptocurrencies in the strategic reserve of American cryptocurrencies.

The decline in Bitcoin's price is attributed to the doubts surrounding the announcement, as investors believe that the proposed strategic reserve resembles a retail investor's portfolio from 2017, reflecting a lack of understanding by the U.S. administration of the true value of Bitcoin and the cryptocurrency market as a whole.

In the same context, prices of other cryptocurrencies also witnessed a sharp decline, with the price of Ethereum falling by 14.96% to $2,083.83, and the price of Binance Coin dropping by 8.35% to $561.78.

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