Bitcoin has seen a significant decrease, decreasing by more than 5 % in a short period after the news erupted that the American strategic Bitcoin reserves will not buy additional bitcoin currencies.
Bitcoin is located amid the confirmation of Bitcoin US
As of writing this report, Bitcoin is traded at 87167.41 dollars, which represents a decrease of 3.53 %. Bitcoin’s market value also decreased to $ 1.72 trillion. However, the market size increased over 24 hours by 15 %, reaching 57.11 billion dollars.
The decrease in the value of Bitcoin comes after President Trump has signed an executive thing that creates a strategic reserve for bitcoin. The decline is mainly due to the government’s decision to refrain from buying additional bitcoin coins. Instead, the reserve will be funded using Bitcoin seized by confiscating criminal or civil assets.
Inventory reserve for Bitcoin
Another aspect of the executive order is the confusion between the stock reserve and a bitcoin.
It is worth noting that David Sachs, artificial intelligence and khorfa at the White House, stated that US Treasury Secretary Scott Beesen and US Trade Minister Howard Lottenic had been allowed to “explore the means of obtaining more bitcoin through the ways that will not cost the taxpayer.”
Meanwhile, the executive also includes provisions for the wider digital assets store, which contains not only Bitcoin, but also other assets such as Ripple (XRP), Cardano (ADA), ETHEREUM (ETH) and Solana (Sol), as the president announced last weekend. Inventory may also include other digital assets.
The main distinction between reserve and stock is that although the government will not actively search for ways to buy more assets for storage, it will explore options for bitcoin currencies through neutral budget methods if possible. According to the bags, the purpose of the stock is to ensure “the responsible supervision of the government’s digital assets under the US Treasury.”
Dive: So, so, RealdonaldtrumpThe executive order calls for two separate things – strategic reserves and stocks.
The strategic reserve will only contain $ BTC (Digital origin with the maximum value) Using icons 200,000 or so already in the government … https://t.co/cwyawlekf
Eleanorterrett March 7, 2025
The executive order and the announcement of the encryption reserve left many merchants who doubt the inclusion of Ripple (XRP), Cardano (Ada) and Solana (Sol) in the reserve. Before the executive order, Trump has already indicated that the encryption reserves will include Ripple, Solana and Cardano, along with Bitcoin and Ethereum.
Also read: Russia says no for the encryption reserve at the present time
