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Due to the news that the United States' strategic Bitcoin reserve will not actively acquire additional Bitcoin, Bitcoin experienced a temporary drop of over 5%.

2025.03.07 09:16:14

On March 7th, based on HTX market information, as a result of the news that the US Strategic Bitcoin Reserve will not actively purchase additional Bitcoin, the price of Bitcoin has seen a short-term drop of more than 5%, and it is now priced at $85,600. Trump signed an executive order to set up a Bitcoin Strategic Reserve. However, the White House cryptocurrency czar disclosed that "apart from assets acquired through asset forfeiture proceedings, the government will not make any additional purchases for this reserve, that is to say, it will not spend taxpayer money." This has suppressed the price of Bitcoin. Previously, there was a much higher expectation that the US would make additional purchases to replenish the reserve.
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