TechFlow news, according to The Block, despite U.S. President Trump signing an executive order to establish a strategic cryptocurrency reserve, Bitcoin's volatility has remained at its highest level this year. Data shows that Bitcoin's annualized volatility reached 59.4% last Monday, subsequently stabilizing around 58%, the highest since December last year.
Nick Ruck, Head of LVRG Research, said traders were "disappointed" by the Trump administration's Bitcoin reserve plan, as the reserve will be funded by Bitcoin obtained through criminal or civil asset forfeitures rather than government-purchased Bitcoin. Meanwhile, the Trump administration's announcement of new tariffs triggered a broad sell-off in the stock market, while gold prices surged sharply last Tuesday, reaffirming its traditional status as a safe-haven asset.
