President Trump’s Bitcoin reserve may prompt other governments to do the same, the CEO of Binance Richard Teng said.

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Bitcoin’s value struggled throughout February, enduring significant downturns. On February 27, the cryptocurrency dropped steeply, falling below $78,000 for the first time in more than three months.

U.S. President Donald Trump expressed his desire to reestablish the relationship that he had with North Korean leader Kim Jong-un during his first term, boasting that he "got along... South Korea's ...