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) $ 107,641.00
Ethereum (ETH) $ 2,645.19
Tether (USDT) $ 1.00
XRP (XRP) $ 2.28
BNB (BNB) $ 658.26
Solana (SOL) $ 157.03
USDC (USDC) $ 0.999708
Dogecoin (DOGE) $ 0.178874
TRON (TRX) $ 0.279522
Lido Staked Ether (STETH) $ 2,643.48
Cardano (ADA) $ 0.652137
Hyperliquid (HYPE) $ 45.14
Wrapped Bitcoin (WBTC) $ 107,580.00
Wrapped stETH (WSTETH) $ 3,195.88
Sui (SUI) $ 3.12
Bitcoin Cash (BCH) $ 468.49
Chainlink (LINK) $ 13.85
LEO Token (LEO) $ 9.26
Avalanche (AVAX) $ 19.81
Stellar (XLM) $ 0.266068
WhiteBIT Coin (WBT) $ 51.71
Toncoin (TON) $ 3.02
Shiba Inu (SHIB) $ 0.000012
WETH (WETH) $ 2,643.52
Wrapped eETH (WEETH) $ 2,829.70
USDS (USDS) $ 0.999773
Hedera (HBAR) $ 0.162435
Litecoin (LTC) $ 88.61
Polkadot (DOT) $ 3.95
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
Monero (XMR) $ 321.79
Ethena USDe (USDE) $ 1.00
Bitget Token (BGB) $ 4.58
Coinbase Wrapped BTC (CBBTC) $ 107,572.00
Pepe (PEPE) $ 0.000011
Uniswap (UNI) $ 7.83
Pi Network (PI) $ 0.599814
Aave (AAVE) $ 288.04
Dai (DAI) $ 0.999879
Ethena Staked USDe (SUSDE) $ 1.18
Bittensor (TAO) $ 384.21
OKB (OKB) $ 51.92
Internet Computer (ICP) $ 5.67
Aptos (APT) $ 4.70
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
NEAR Protocol (NEAR) $ 2.36
Cronos (CRO) $ 0.093092
Jito Staked SOL (JITOSOL) $ 189.62
Ethereum Classic (ETC) $ 17.25
Ondo (ONDO) $ 0.830691
Tokenize Xchange (TKX) $ 32.01
sUSDS (SUSDS) $ 1.06
USD1 (USD1) $ 1.00
Kaspa (KAS) $ 0.082215
Mantle (MNT) $ 0.628229
Official Trump (TRUMP) $ 10.09
Sky (SKY) $ 0.093801
Gate (GT) $ 16.46
VeChain (VET) $ 0.023028
Cosmos Hub (ATOM) $ 4.28
Ethena (ENA) $ 0.314016
Artificial Superintelligence Alliance (FET) $ 0.733418
Fasttoken (FTN) $ 4.43
Render (RENDER) $ 3.61
Lombard Staked BTC (LBTC) $ 107,514.00
POL (ex-MATIC) (POL) $ 0.206173
Filecoin (FIL) $ 2.55
Arbitrum (ARB) $ 0.340110
Worldcoin (WLD) $ 1.02
Quant (QNT) $ 111.09
Binance-Peg WETH (WETH) $ 2,649.06
Algorand (ALGO) $ 0.184351
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.52
USDT0 (USDT0) $ 1.00
First Digital USD (FDUSD) $ 1.00
SPX6900 (SPX) $ 1.56
USDtb (USDTB) $ 1.00
KuCoin (KCS) $ 11.20
Binance Staked SOL (BNSOL) $ 166.56
Virtuals Protocol (VIRTUAL) $ 1.99
Jupiter (JUP) $ 0.436760
Fartcoin (FARTCOIN) $ 1.26
Rocket Pool ETH (RETH) $ 3,010.75
Flare (FLR) $ 0.018290
Celestia (TIA) $ 1.82
NEXO (NEXO) $ 1.23
Bonk (BONK) $ 0.000016
Kelp DAO Restaked ETH (RSETH) $ 2,770.74
Injective (INJ) $ 12.03
Sonic (S) $ 0.354353
Story (IP) $ 3.62
Optimism (OP) $ 0.611234
Sei (SEI) $ 0.183850
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
Stacks (STX) $ 0.660911
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
Mantle Staked Ether (METH) $ 2,829.33
AB (AB) $ 0.015499
XDC Network (XDC) $ 0.059753
PayPal USD (PYUSD) $ 0.999536
