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) $ 108,933.00
Ethereum (ETH) $ 2,555.00
Tether (USDT) $ 1.00
XRP (XRP) $ 2.24
BNB (BNB) $ 658.51
Solana (SOL) $ 152.03
USDC (USDC) $ 0.999812
TRON (TRX) $ 0.285814
Dogecoin (DOGE) $ 0.168444
Lido Staked Ether (STETH) $ 2,555.21
Cardano (ADA) $ 0.586015
Wrapped Bitcoin (WBTC) $ 108,851.00
Hyperliquid (HYPE) $ 38.93
Wrapped stETH (WSTETH) $ 3,081.42
Sui (SUI) $ 2.96
Bitcoin Cash (BCH) $ 484.82
Chainlink (LINK) $ 13.47
LEO Token (LEO) $ 9.04
Avalanche (AVAX) $ 18.45
Stellar (XLM) $ 0.239813
USDS (USDS) $ 0.999631
Toncoin (TON) $ 2.81
Shiba Inu (SHIB) $ 0.000012
Wrapped eETH (WEETH) $ 2,736.98
Litecoin (LTC) $ 88.48
WETH (WETH) $ 2,555.84
Hedera (HBAR) $ 0.156112
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999729
WhiteBIT Coin (WBT) $ 43.60
Monero (XMR) $ 321.63
Ethena USDe (USDE) $ 1.00
Polkadot (DOT) $ 3.48
Bitget Token (BGB) $ 4.47
Coinbase Wrapped BTC (CBBTC) $ 108,962.00
Uniswap (UNI) $ 7.33
Aave (AAVE) $ 273.59
Pepe (PEPE) $ 0.000010
Pi Network (PI) $ 0.480544
Dai (DAI) $ 0.999925
Ethena Staked USDe (SUSDE) $ 1.18
Aptos (APT) $ 4.67
OKB (OKB) $ 49.83
Bittensor (TAO) $ 329.60
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Jito Staked SOL (JITOSOL) $ 184.44
NEAR Protocol (NEAR) $ 2.20
Internet Computer (ICP) $ 4.89
Cronos (CRO) $ 0.081945
Ethereum Classic (ETC) $ 16.71
Ondo (ONDO) $ 0.776969
sUSDS (SUSDS) $ 1.06
USD1 (USD1) $ 0.999997
Kaspa (KAS) $ 0.076761
Tokenize Xchange (TKX) $ 24.16
Mantle (MNT) $ 0.573528
Fasttoken (FTN) $ 4.42
Gate (GT) $ 15.59
Cosmos Hub (ATOM) $ 4.10
VeChain (VET) $ 0.021447
Artificial Superintelligence Alliance (FET) $ 0.701763
Official Trump (TRUMP) $ 8.76
Lombard Staked BTC (LBTC) $ 108,771.00
Sky (SKY) $ 0.079301
Render (RENDER) $ 3.23
POL (ex-MATIC) (POL) $ 0.184119
Arbitrum (ARB) $ 0.331220
Ethena (ENA) $ 0.266578
Filecoin (FIL) $ 2.35
Worldcoin (WLD) $ 0.914925
Binance-Peg WETH (WETH) $ 2,555.43
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.51
Algorand (ALGO) $ 0.175964
First Digital USD (FDUSD) $ 0.996583
USDtb (USDTB) $ 0.999879
Sei (SEI) $ 0.261066
KuCoin (KCS) $ 11.05
Binance Staked SOL (BNSOL) $ 161.09
Jupiter (JUP) $ 0.455945
USDT0 (USDT0) $ 0.999979
Bonk (BONK) $ 0.000017
Rocket Pool ETH (RETH) $ 2,912.55
NEXO (NEXO) $ 1.19
Fartcoin (FARTCOIN) $ 1.18
TNQ (TNQ) $ 10.26
Kelp DAO Restaked ETH (RSETH) $ 2,677.83
SPX6900 (SPX) $ 1.24
Flare (FLR) $ 0.016867
Celestia (TIA) $ 1.60
Injective (INJ) $ 11.30
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
Virtuals Protocol (VIRTUAL) $ 1.61
Sonic (S) $ 0.321872
Stacks (STX) $ 0.670591
Pudgy Penguins (PENGU) $ 0.016020
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999784
Optimism (OP) $ 0.558733
XDC Network (XDC) $ 0.060224
Mantle Staked Ether (METH) $ 2,726.82
StakeWise Staked ETH (OSETH) $ 2,683.96
Kaia (KAIA) $ 0.159758