Crypto markets lose steam after Trump's first policy move


FILE PHOTO: A man rushes past a cryptocurrency exchange store after Bitcoin soars above $100,000, in Hong Kong, China December 5, 2024. REUTERS/Tyrone Siu/File Photo

SINGAPORE/PARIS (Reuters) - Crypto markets steadied on Friday, still holding below recent highs even after President Donald Trump ordered the creation of a new working group, tasked with proposing new crypto rules and exploring the possibility of a U.S. cryptocurrency stockpile.

Bitcoin has been broadly steady since Trump took office on Monday and traded around $105,000 on Friday as some of the euphoria around a hoped-for revolution in cryptocurrency regulation ebbed.

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