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) $ 119,719.00
Ethereum (ETH) $ 3,704.30
XRP (XRP) $ 3.53
Tether (USDT) $ 1.00
BNB (BNB) $ 777.76
Solana (SOL) $ 200.82
USDC (USDC) $ 0.999865
Dogecoin (DOGE) $ 0.263396
Lido Staked Ether (STETH) $ 3,688.98
Cardano (ADA) $ 0.890495
TRON (TRX) $ 0.313721
Wrapped Bitcoin (WBTC) $ 119,442.00
Hyperliquid (HYPE) $ 44.53
Stellar (XLM) $ 0.472032
Wrapped stETH (WSTETH) $ 4,461.41
Sui (SUI) $ 3.95
Chainlink (LINK) $ 19.38
Wrapped Beacon ETH (WBETH) $ 3,969.78
Hedera (HBAR) $ 0.271456
Avalanche (AVAX) $ 25.21
Wrapped eETH (WEETH) $ 3,957.08
Bitcoin Cash (BCH) $ 517.99
Shiba Inu (SHIB) $ 0.000015
Litecoin (LTC) $ 117.05
Toncoin (TON) $ 3.39
LEO Token (LEO) $ 8.97
WETH (WETH) $ 3,700.69
USDS (USDS) $ 0.999913
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
Polkadot (DOT) $ 4.44
Coinbase Wrapped BTC (CBBTC) $ 119,734.00
Ethena USDe (USDE) $ 1.00
WhiteBIT Coin (WBT) $ 44.90
Uniswap (UNI) $ 10.57
Monero (XMR) $ 319.16
Pepe (PEPE) $ 0.000014
Bitget Token (BGB) $ 4.80
Aave (AAVE) $ 305.19
Bittensor (TAO) $ 441.17
Cronos (CRO) $ 0.124487
Ethena Staked USDe (SUSDE) $ 1.19
Pi Network (PI) $ 0.485647
Dai (DAI) $ 0.999954
NEAR Protocol (NEAR) $ 2.97
Ethereum Classic (ETC) $ 23.86
Aptos (APT) $ 5.37
Ondo (ONDO) $ 1.06
Jito Staked SOL (JITOSOL) $ 244.48
Internet Computer (ICP) $ 6.04
Ethena (ENA) $ 0.497886
Kaspa (KAS) $ 0.112425
OKB (OKB) $ 48.37
Bonk (BONK) $ 0.000036
Mantle (MNT) $ 0.819174
Pudgy Penguins (PENGU) $ 0.041967
Algorand (ALGO) $ 0.293032
Arbitrum (ARB) $ 0.472397
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
VeChain (VET) $ 0.027651
Cosmos Hub (ATOM) $ 5.04
Render (RENDER) $ 4.45
Worldcoin (WLD) $ 1.28
POL (ex-MATIC) (POL) $ 0.250057
Binance-Peg WETH (WETH) $ 3,702.30
USD1 (USD1) $ 1.00
Official Trump (TRUMP) $ 10.90
Gate (GT) $ 17.61
Artificial Superintelligence Alliance (FET) $ 0.804014
Sei (SEI) $ 0.347558
Binance Staked SOL (BNSOL) $ 213.75
Filecoin (FIL) $ 2.87
Fasttoken (FTN) $ 4.50
Jupiter (JUP) $ 0.620614
SPX6900 (SPX) $ 1.97
Sky (SKY) $ 0.085774
sUSDS (SUSDS) $ 1.06
Kelp DAO Restaked ETH (RSETH) $ 3,870.73
Rocket Pool ETH (RETH) $ 4,213.97
Lombard Staked BTC (LBTC) $ 119,585.00
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.21
Fartcoin (FARTCOIN) $ 1.61
Flare (FLR) $ 0.023135
Celestia (TIA) $ 2.17
KuCoin (KCS) $ 12.02
XDC Network (XDC) $ 0.094463
Story (IP) $ 5.07
Injective (INJ) $ 14.92
USDtb (USDTB) $ 0.999919
First Digital USD (FDUSD) $ 0.999828
FLOKI (FLOKI) $ 0.000146
StakeWise Staked ETH (OSETH) $ 3,890.39
Stacks (STX) $ 0.872830
Optimism (OP) $ 0.787139
Mantle Staked Ether (METH) $ 3,964.41
USDT0 (USDT0) $ 1.00
NEXO (NEXO) $ 1.34
Liquid Staked ETH (LSETH) $ 3,998.68
Curve DAO (CRV) $ 0.966126
Pump.fun (PUMP) $ 0.003707
Polygon Bridged USDT (Polygon) (USDT) $ 1.00