Bitcoin plunges 6% as Trump’s crypto reserve falls short of hopes

Bitcoin has plunged approximately 6% after US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve.
Market participants had hoped the government would announce a plan to buy more Bitcoin (BTC), but Trump’s crypto tsar David Sacks said on X it would only use the Bitcoin it already holds from criminal cases — though it will look to develop “budget-neutral” strategies to acquire additional Bitcoin.
Bitcoin dropped about 6%, falling from $90,400 to $84,979, according to CoinMarketCap data.
Bitcoin has slightly recovered since, trading at $86,460 at the time of publication. Source: CoinMarketCap
Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) also fell on the news, after Sacks confirmed that there will be a “U.S. Digital Asset Stockpile,” but also only consist of digital assets forfeited in criminal or civil proceedings.
“The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings,” Sacks said.
In the past hour, Ether has dropped 4%, XRP is down 7%, Solana has fallen 5.14%, and Cardano has slid 9.19%.
Bitcoin (BTC) $ 119,339.00
Ethereum (ETH) $ 2,992.26
XRP (XRP) $ 2.91
Tether (USDT) $ 1.00
BNB (BNB) $ 687.50
Solana (SOL) $ 161.68
USDC (USDC) $ 0.999900
Dogecoin (DOGE) $ 0.194757
TRON (TRX) $ 0.301411
Lido Staked Ether (STETH) $ 2,992.09
Cardano (ADA) $ 0.730388
Hyperliquid (HYPE) $ 47.50
Wrapped Bitcoin (WBTC) $ 119,182.00
Stellar (XLM) $ 0.451650
Sui (SUI) $ 3.90
Wrapped stETH (WSTETH) $ 3,611.05
Chainlink (LINK) $ 15.67
Hedera (HBAR) $ 0.238033
Bitcoin Cash (BCH) $ 501.64
Avalanche (AVAX) $ 21.13
LEO Token (LEO) $ 9.01
Wrapped eETH (WEETH) $ 3,205.64
Shiba Inu (SHIB) $ 0.000013
Toncoin (TON) $ 3.01
WETH (WETH) $ 2,992.67
Litecoin (LTC) $ 94.16
USDS (USDS) $ 0.999867
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
WhiteBIT Coin (WBT) $ 45.75
Monero (XMR) $ 342.31
Polkadot (DOT) $ 3.92
Coinbase Wrapped BTC (CBBTC) $ 119,244.00
Uniswap (UNI) $ 8.99
Ethena USDe (USDE) $ 1.00
Bitget Token (BGB) $ 4.41
Pepe (PEPE) $ 0.000012
Aave (AAVE) $ 314.97
Bittensor (TAO) $ 408.28
Dai (DAI) $ 1.00
Pi Network (PI) $ 0.455379
Cronos (CRO) $ 0.105211
Aptos (APT) $ 4.91
NEAR Protocol (NEAR) $ 2.56
Ethena Staked USDe (SUSDE) $ 1.18
Ondo (ONDO) $ 0.911726
OKB (OKB) $ 47.73
Internet Computer (ICP) $ 5.33
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Jito Staked SOL (JITOSOL) $ 196.96
Ethereum Classic (ETC) $ 18.31
Algorand (ALGO) $ 0.286861
Mantle (MNT) $ 0.728231
Kaspa (KAS) $ 0.084553
USD1 (USD1) $ 1.00
Bonk (BONK) $ 0.000028
Ethena (ENA) $ 0.332159
Pump.fun (PUMP) $ 0.005863
Cosmos Hub (ATOM) $ 4.54
VeChain (VET) $ 0.024083
POL (ex-MATIC) (POL) $ 0.226085
Arbitrum (ARB) $ 0.400426
Pudgy Penguins (PENGU) $ 0.031676
sUSDS (SUSDS) $ 1.06
Sei (SEI) $ 0.338094
Render (RENDER) $ 3.76
Fasttoken (FTN) $ 4.51
Gate (GT) $ 15.66
Official Trump (TRUMP) $ 9.33
Artificial Superintelligence Alliance (FET) $ 0.701682
Binance-Peg WETH (WETH) $ 2,993.53
Worldcoin (WLD) $ 1.04
Filecoin (FIL) $ 2.54
Lombard Staked BTC (LBTC) $ 119,155.00
Sky (SKY) $ 0.076629
Quant (QNT) $ 111.73
Binance Staked SOL (BNSOL) $ 171.96
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.74
Jupiter (JUP) $ 0.493814
KuCoin (KCS) $ 11.49
First Digital USD (FDUSD) $ 1.00
USDtb (USDTB) $ 0.999868
Kelp DAO Restaked ETH (RSETH) $ 3,138.34
Rocket Pool ETH (RETH) $ 3,409.50
SPX6900 (SPX) $ 1.48
USDT0 (USDT0) $ 0.999955
Celestia (TIA) $ 1.85
NEXO (NEXO) $ 1.31
Fartcoin (FARTCOIN) $ 1.26
Story (IP) $ 4.28
XDC Network (XDC) $ 0.076867
Stacks (STX) $ 0.786567
Flare (FLR) $ 0.017310
Injective (INJ) $ 12.27
Optimism (OP) $ 0.654178
Solv Protocol BTC (SOLVBTC) $ 119,254.00
Mantle Staked Ether (METH) $ 3,206.60
StakeWise Staked ETH (OSETH) $ 3,145.26
Sonic (S) $ 0.344963
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
Virtuals Protocol (VIRTUAL) $ 1.66