The Block Ledger

1. President Trump Announces U.S. Cryptocurrency Strategic Reserve

🚀 In a historic move, President Donald Trump revealed plans for a U.S. Cryptocurrency Strategic Reserve, aiming to establish America as a leader in the digital asset economy. The reserve will hold major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).

Following the announcement, Bitcoin surged 11% to $94,164, while Ethereum climbed 13% to $2,516. The total cryptocurrency market cap increased by $300 billion, signaling strong investor confidence. This decision marks a major shift in the U.S. government’s approach to crypto adoption.

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2. Bitcoin Sees Biggest Monthly Loss Since 2022

📉 February was tough for Bitcoin, as it suffered a 17.5% decline, marking its worst monthly performance since June 2022. The drop placed BTC into technical bear market territory, adding to fears of further corrections.

Key reasons behind the plunge:
✅ U.S. Trade Tensions: New tariffs on China, Mexico, and Canada created market uncertainty.
✅ Bybit Cyberattack: A $1.5 billion hack on the crypto exchange led to panic selling.

Despite these setbacks, Bitcoin rebounded following Trump’s crypto reserve announcement, signaling renewed investor interest.

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3. Stock Market Faces Volatility as Recession Fears Grow

📊 The U.S. stock market had a mixed week, reflecting economic uncertainties.

• The S&P 500 and Nasdaq Composite each fell by 1%

• The Dow Jones Industrial Average gained 1%

• Nasdaq posted its worst month since April 2024 (-4%)

Investors are now watching the February jobs report, as weaker-than-expected data could push the market toward a deeper correction. Recession concerns remain high, with signals of slowing economic growth and declining consumer confidence.

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