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) $ 107,589.00
Ethereum (ETH) $ 2,435.19
Tether (USDT) $ 1.00
XRP (XRP) $ 2.19
BNB (BNB) $ 647.31
Solana (SOL) $ 144.44
USDC (USDC) $ 0.999805
TRON (TRX) $ 0.273001
Dogecoin (DOGE) $ 0.166033
Lido Staked Ether (STETH) $ 2,435.38
Cardano (ADA) $ 0.569287
Wrapped Bitcoin (WBTC) $ 107,608.00
Hyperliquid (HYPE) $ 37.32
Wrapped stETH (WSTETH) $ 2,937.84
Bitcoin Cash (BCH) $ 486.63
Sui (SUI) $ 2.77
Chainlink (LINK) $ 13.20
LEO Token (LEO) $ 8.99
Stellar (XLM) $ 0.241792
Avalanche (AVAX) $ 17.65
USDS (USDS) $ 0.999804
Toncoin (TON) $ 2.85
WhiteBIT Coin (WBT) $ 48.04
Shiba Inu (SHIB) $ 0.000012
WETH (WETH) $ 2,437.32
Litecoin (LTC) $ 84.55
Hedera (HBAR) $ 0.150779
Wrapped eETH (WEETH) $ 2,608.04
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999805
Monero (XMR) $ 316.07
Ethena USDe (USDE) $ 1.00
Bitget Token (BGB) $ 4.42
Polkadot (DOT) $ 3.39
Coinbase Wrapped BTC (CBBTC) $ 107,621.00
Pi Network (PI) $ 0.613529
Uniswap (UNI) $ 7.02
Pepe (PEPE) $ 0.000010
Aave (AAVE) $ 257.74
Dai (DAI) $ 0.999955
Ethena Staked USDe (SUSDE) $ 1.18
Aptos (APT) $ 4.87
OKB (OKB) $ 51.17
Bittensor (TAO) $ 325.04
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
NEAR Protocol (NEAR) $ 2.15
Jito Staked SOL (JITOSOL) $ 175.14
Internet Computer (ICP) $ 4.85
Cronos (CRO) $ 0.082126
Ethereum Classic (ETC) $ 16.34
Ondo (ONDO) $ 0.766063
sUSDS (SUSDS) $ 1.06
Tokenize Xchange (TKX) $ 27.82
USD1 (USD1) $ 0.999101
Mantle (MNT) $ 0.611997
Kaspa (KAS) $ 0.077709
Gate (GT) $ 16.21
Fasttoken (FTN) $ 4.43
Cosmos Hub (ATOM) $ 4.02
VeChain (VET) $ 0.021134
Official Trump (TRUMP) $ 9.04
Lombard Staked BTC (LBTC) $ 107,905.00
Artificial Superintelligence Alliance (FET) $ 0.660991
Sky (SKY) $ 0.079184
Render (RENDER) $ 3.12
POL (ex-MATIC) (POL) $ 0.179007
Ethena (ENA) $ 0.259746
Arbitrum (ARB) $ 0.314672
Sei (SEI) $ 0.280295
Algorand (ALGO) $ 0.177683
Filecoin (FIL) $ 2.26
First Digital USD (FDUSD) $ 0.999381
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.39
Worldcoin (WLD) $ 0.890506
Binance-Peg WETH (WETH) $ 2,432.04
USDtb (USDTB) $ 1.00
Quant (QNT) $ 99.35
KuCoin (KCS) $ 11.07
Binance Staked SOL (BNSOL) $ 152.72
USDT0 (USDT0) $ 1.00
SPX6900 (SPX) $ 1.32
NEXO (NEXO) $ 1.22
Jupiter (JUP) $ 0.413666
Flare (FLR) $ 0.017513
Kaia (KAIA) $ 0.197973
Rocket Pool ETH (RETH) $ 2,775.81
Kelp DAO Restaked ETH (RSETH) $ 2,552.27
Injective (INJ) $ 11.24
Celestia (TIA) $ 1.60
Bonk (BONK) $ 0.000014
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
Stacks (STX) $ 0.669623
Fartcoin (FARTCOIN) $ 1.01
Sonic (S) $ 0.314738
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.998475
Virtuals Protocol (VIRTUAL) $ 1.46
Optimism (OP) $ 0.544392
XDC Network (XDC) $ 0.058774
PayPal USD (PYUSD) $ 0.999646
Solv Protocol BTC (SOLVBTC) $ 107,626.00
Mantle Staked Ether (METH) $ 2,599.75
