#CryptoMarketWatch Bitcoin fell early Friday as details of a U.S. strategic reserve left traders disappointed ahead of a landmark White House crypto summit.

The world’s largest cryptocurrency tumbled to around $85,000 overnight before recovering to trade at around $88,000 early in the day—more than 3% down over the past 24 hours, according to CoinDesk data. The digital asset climbed back above $90,000 earlier this week, pointing to a potential recovery from its recent slump. But it’s now back under pressure. 

President Donald Trump signed an executive order to establish a strategic Bitcoin 

BTCUSD

-0.40%

 reserve as well as a digital asset stockpile late Thursday. That should’ve been bullish for the market but for one key detail—it seems the government won’t be buying any Bitcoin.#CryptoMarketWatch