The initial surge in cryptocurrency prices following President Trump's announcement of plans for a US crypto reserve has dissipated. Bitcoin is now only slightly above its pre-Trump level, while ether has fallen below its pre-Trump level and is at a five-year low compared to bitcoin. Other tokens mentioned by Trump have also given up some of their gains but remain higher than before the announcement. Crypto stocks have also retreated, with some experiencing significant losses. The broader stock market is also in decline, driven by concerns over US growth and the impending tariffs on multiple countries.



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