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Two days after the president announced plans for a “crypto strategic reserve,” some tokens have lost all their gains from the announcement.

A U.S. strategic crypto reserve addresses both geopolitical vulnerabilities and economic innovation.

Bitcoin (CRYPTO: BTC) is now down 18% from an all-time high of $109,000 in mid-January, and trades around the $89,000 level on March 3. Once you analyze Bitcoin's historical track record over more than a decade, one thing becomes immediately clear: A decline of 25% is pretty much par for the course for Bitcoin. For example, in the period from 2016 to 2018, as Bitcoin soared to a new all-time high, it had downturns of 38%, 38%, 33%, 38%, 36%, and 29% along the way.

Electric vehicle charging company EVgo (NASDAQ:EVGO) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 35% year on year to $67.51 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $360 million at the midpoint. Its GAAP loss of $0.11 per share was 13.9% below analysts’ consensus estimates.

Your day-ahead look for March 4, 2025

Hair care company Olaplex (NASDAQ:OLPX) announced better-than-expected revenue in Q4 CY2024, but sales fell by 9.8% year on year to $100.7 million. The company’s full-year revenue guidance of $420.5 million at the midpoint came in 4.4% above analysts’ estimates. Its non-GAAP profit of $0.01 per share was in line with analysts’ consensus estimates.

Growth expectations for the U.S. economy are falling as China and Canada announce their next move in the tit-for-tat trade spat with the White House.