After Trump announced the launch of the cryptocurrency strategic reserve, BTC's market dominance briefly fell below 50%
ChainCatcher news, according to Cointelegraph, after Trump announced the inclusion of altcoins in the U.S. cryptocurrency strategic reserve, although it briefly pushed Bitcoin up by 10%, its market dominance was weakened, dropping from 55.4% to below 50%.Analysts find it surprising that the Trump administration did not implement a Bitcoin reserve and do not understand the logic behind including altcoins. The strategy director at Bitwise believes that Trump underestimated the importance of focusing the cryptocurrency strategic reserve on Bitcoin.Even the crypto-unfriendly economist Peter Schiff pointed out, "What is the rationale for an XRP reserve? Why do we need it? I disagree; we have gold reserves, Bitcoin is digital gold, so let's just create a Bitcoin reserve."