24H | Crypto Shares Slid as Bitcoin Dipped Below $83,000. MARA Holdings Fell 6%; CleanSpark, Strategy Fell Nearly 5%; Coinbase Fell 3%

Tiger Newspress

03-04

Crypto shares slid in overnight trading as bitcoin dipped 7% below $83,000. MARA Holdings fell 6%; CleanSpark, Strategy fell nearly 5%; Coinbase fell 3%.

A backlash over President Donald Trump's plan to include three small and relatively risky tokens in an eagerly awaited U.S. strategic crypto reserve helped largely erase a rally for bitcoin and other digital assets.

Trump over the weekend announced on his social-media platform Truth Social that the strategic crypto reserve he proposed would include not just bitcoin (BTCUSD) and ether (ETHUSD), but also solana (SOLUSD), cardano (ADAUSD) and XRP (XRPUSD).

The inclusion of smaller tokens in the reserve "kind of muddles the value of bitcoin, because you have these cryptocurrencies that are not highly valuable in the same way bitcoin is," Alexander Blume, chief executive at crypto investment-advisory firm Two Prime, said in a phone interview.

"They're not scarce in the same way and they're not decentralized in the same way. So it reduces the value and signal of creating a bitcoin reserve," Blume said.

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MARA Holdings Fell 6%; CleanSpark, Strategy Fell Nearly 5%; Coinbase Fell 3%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-03-04 09:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Crypto shares slid in overnight trading as bitcoin dipped 7% below $83,000. 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MARA Holdings fell 6%; CleanSpark, Strategy fell nearly 5%; Coinbase fell 3%.A backlash over President Donald Trump's plan to include three small and relatively risky tokens in an eagerly awaited U.S. strategic crypto reserve helped largely erase a rally for bitcoin and other digital assets.Trump over the weekend announced on his social-media platform Truth Social that the strategic crypto reserve he proposed would include not just bitcoin (BTCUSD) and ether (ETHUSD), but also solana (SOLUSD), cardano (ADAUSD) and XRP (XRPUSD).The inclusion of smaller tokens in the reserve \"kind of muddles the value of bitcoin, because you have these cryptocurrencies that are not highly valuable in the same way bitcoin is,\" Alexander Blume, chief executive at crypto investment-advisory firm Two Prime, said in a phone interview.\"They're not scarce in the same way and they're not decentralized in the same way. 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