New Delhi, March 3 -- Bitcoin prices dropped nearly 4 per cent to $89,251.51 level at 8:30 p.m. (IST) on Monday, March 3, compared to its $92,807 levels on Sunday, March 2, according to data collected from Coinmarketcap.

Bitcoin was trading at $90,573.10 at 11:07 p.m. (IST) on Monday, March 3. The benchmark cryptocurrency jumped over the $95,000 level on Sunday after United States President Donald Trump announced his plans to create a Crypto Strategic Reserve.

Bitcoin's market capitalisation dropped nearly 4.6 per cent to $1.79 trillion on Monday's market session.

Not just Bitcoin, the overall crypto market followed Bitcoin's cue as cryptocurrency investors spotted Trump's move as positive, which aligns with the Trump administration's ...