On March 7, 2025, the President of the United States, Donald Trump, signed a decree on the creation of a strategic reserve of Bitcoin, which caused significant fluctuations in the exchange rate of this cryptocurrency. Immediately after the announcement, the price of Bitcoin dropped from $90,978 to $85,080, but then partially recovered to $89,075.



According to the decree, the US will cease the sale of confiscated bitcoins and develop a strategy for their accumulation without additional expenses for taxpayers. Other cryptocurrencies, such as Ethereum, Solana, XRP, and Cardano, will be included in a separate fund, but the state does not plan to buy more of them.

The market reacted to this news by lowering the price of Bitcoin by 3%, from $87,600 to $84,700. Similar decreases were observed in other cryptocurrencies: Ethereum dropped by 2%, XRP by 1%, Solana by 3%, and Cardano by 13%.

The reason for this market reaction was investors' disappointment: instead of the expected new government purchases of bitcoins, the reserve will be replenished with assets already owned by the government obtained through confiscations. This means a lack of additional demand from the government, which led to the initial price decline.

However, despite the initial drop, the market quickly stabilized.
Thus, although Trump's decree caused short-term volatility in the bitcoin market, further developments will depend on specific actions by the administration in regulating and supporting the cryptocurrency sector.
ETH1,07%
SOL1,68%
XRP1,95%
ADA7,04%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Deep_Seekvip
· 2025-03-14 19:40
HODL Tight 💪
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)