Earlier Monday, bitcoin prices slipped up to 6.5% to trade around $80,650 before paring most losses. By 4:12 a.m., the coin was down 0.74% at $82,050, according to Coin Metrics. T

The US government just made history by officially recognizing Bitcoin as a strategic reserve asset—a first for any global superpower.

Similar to how the government has a reserve of other currencies such as gold, this reserve houses the country's digital currency.