Cryptocurrencies fall after Trump officially sets Bitcoin Reserve in the US

Cryptocurrencies fell on Thursday evening after President Donald Trump signed the executive order Creating a Bitcoin strategic reserve for the US and, separately, a “digital asset”.

Price bitcoin According to the coins metric, it was 3% at $ 87 586.86. Shortly after the news broke, it fell to $ 84,688.13.

Earlier losses in other coins – in particular, those who rallied earlier the week after Trump said they would be included in the strategy – also mitigated. Air decreased by 2%, trading by $ 2184.08. XRP and solana Salt The token retreated 1% and 3% respectively. Cardan Ada The token collapsed by 13%.

Crypto White House and King David Sax Message on x The fact that the bitcoin will include the bitcoin, which already belonged to the US government, which he confiscated from past law enforcement is a step, he emphasized that “he will not cost the taxpayers a penny.” Currently, the US owns more than 198,000 bitcoins worth about $ 17 billion, Arkham reports.

Stocks of other coins will include “digital assets except bitcoin confiscated in a criminal or civil case.” Saxi said the government would not acquire additional assets for “beyond confiscation”. Arkham Data shows that the US government owns about $ 56 to almost $ 119 million. It does not list the XRP tokens, neither Solana or Cardano.

Initially, investors dumped their coins on the concepts that there were no immediate planned bitcoin purchases in accordance with the order, against the background of the main weakness in the stock.

“This is good news, but not what the market wanted in the short term,” said Stephen Luba, head of private customers and family offices in Bitcoin swans. “People hoped for long -term pressure.”

Sacks noted that the secretaries of the Treasury and the trade are authorized to develop “neutral budget strategies for the acquisition of additional bitcoin, provided that these strategies do not have additional cost on US taxpayers” and that there is no plan to accumulate additional assets for crypto-bailed ones received by the government.

The announcement happened a few days after Trump teased the new details about the long -awaited Bitcoin Reserve, which became one of his greatest promises of the crypto -industry on his campaign trail, and on the eve of the first White House crypt summit.

This week, the crystore market was shocked by the problems of tariff war and inflation, which have largely obscured the speculative excitement around the bitcoin reserve. Jpmorgan on Wednesday said Does not expect a big step above Crypto in the near future, given the broader economic uncertainty and weakening of demand.

Bitcoin briefly returned to the $ 90,000 key level earlier this week and now hovering just below. Investors and analysts warn that by the time risks getting greater rollback up to $ 70,000.