Donald Trump signed an executive order that establishes a strategic cryptocurrency reserve in the US. This movement marks a historical change in the government’s position towards digital assets.
This week, the cryptocurrency panorama He took a dramatic turn when the US president, Donald Trumpsigned an executive order that establishes a Strategic cryptocurrency reserve In the country. This movement marks a historical change in the government’s position towards digital assets. The executive order, signed on Thursday night, authorizes federal agencies to retain and accumulate Bitcoin seized through police actions. In addition, a “US Digital Assets Warehouse” to manage other confiscated cryptocurrencies that are not bitcoin. The decision is widely interpreted as a strategic effort to support the digital asset industry while more federal control over the seized funds is exercised.
The market responded with intensified volatility, as seen in the Bitcoin price action. Many long positions suggest that some operators could have anticipated the impact of the executive order, feeding the speculative activity in the market.
Bitcointhat he had been quoting about $ 90,000, he experienced an abrupt fall last week, collapsing below $ 80,000, A decrease of more than 15% in just one week. This fall deleted approximately 660,000 million dollars in market capitalization, underlining the fragility of the cryptocurrency market before important regulatory developments. The correction occurs just before the first summit on cryptocurrencies in the White House, scheduled for March 7, which has generated both optimism and uncertainty among investors.
He ETF market is also booming, with Grayscale presenting requests for a Polkadot ETF and another from Cardanowhich would be quoted in the Nasdaq if approved. This occurs in a growing demand for investment products in diversified cryptocurrencies, since institutional investors seek exposure beyond Bitcoin and Ethereum.
While the market assimilates the Strategic Trump cryptocurrency reserveThe next regulatory developments, including the Cryptocurrency Summit in the White House, will be observed closely. Although Bitcoin’s recent fall has worried investors, many analysts maintain a medium -term bullish perspective, predicting potential new historical maximums in the coming months.
With institutional investors deepening their participation, greater regulatory clarity and the US government officially in possession of digital assets, the long -term trajectory of cryptocurrencies remains of immense potential, despite short -term turbulence.
Chief Product Officer of Bingx.
Source: Ambito
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