Donald Trump Drops Bitcoin Price, Here's What He's Doing!

Bittime - The price of Bitcoin fell dramatically after US President Donald Trump announced a policy related to the Donald Trump Bitcoin Reserve. This decision disappointed market participants as there was no commitment to buy more Bitcoin to add to the country's reserves.

After this announcement, the price of Bitcoin fell about 6%, from $90,400 to $84,979, according to data from CoinMarketCap. Although Bitcoin recovered slightly, trading at $86,460, the impact of this policy is still being felt in the market.

Causes of the Fall in Bitcoin Price

Many investors hope that the US government will buy more Bitcoin as part of its economic strategy.

Read also: Bitcoin Price Prediction Today March 7

However, an official statement from Trump's crypto advisor, David Sacks, revealed that Bitcoin reserves would only come from digital assets confiscated in criminal cases.

Without any plans for additional purchases, market participants consider this policy to be unfavorable for Bitcoin. As a result, the price of this digital asset immediately experienced significant selling pressure.

Market Reaction to Donald Trump's Bitcoin Reserve

The impact of this announcement was not only felt by Bitcoin, but also by various other digital assets:

• Ether (ETH) fell 4%
• XRP fell 7%
• Solana (SOL) fell 5.14%
• Cardano (ADA) fell 9.19%

Kobeissi Letter, a source of trade analysis, noted that investors were disappointed because there was no clarity on how these reserves would be funded other than the Bitcoin already owned by the US government.

Optimism Amidst Disappointment

Although this policy has disappointed many investors, some industry players remain optimistic. Electric Capital CEO Avichal expressed astonishment at the market reaction, saying that this policy should have been a positive step for Bitcoin.

Crypto trader Ash Crypto added that this is not the time to sell Bitcoin, but an opportunity to anticipate future price surges.

Meanwhile, Satoshi Action Fund CEO Dennis Porter believes the policy will only accelerate the global adoption of Bitcoin.

Also read: When is the Right Time to Buy Bitcoin?

Conclusion

Donald Trump's decision for the Bitcoin Reserve not to actively increase Bitcoin reserves has caused a significant drop in price.

Although this policy indicates recognition of Bitcoin as a strategic asset, the lack of commitment to buy more has made the market react negatively.

However, some industry players still see this move as a positive development for Bitcoin adoption globally. With the situation still dynamic, investors must remain vigilant of market movements and the next policy from the Donald Trump administration.

FAQ

Why did the Bitcoin price drop after Donald Trump's announcement?

The price of Bitcoin fell about 6% as the market was disappointed by the US government's decision not to commit to buying more Bitcoin, but instead to only use Bitcoin that had been confiscated from criminal cases.

What is the Donald Trump Bitcoin Reserve?

The Donald Trump Bitcoin Reserve refers to the Trump administration's plan to form a Strategic Bitcoin Reserve, which contains Bitcoin confiscated in criminal or civil proceedings.

Does this decision have a long-term impact on the Bitcoin market?

Although the price fell, some analysts believe that this policy is still positive for Bitcoin adoption in the long term and could encourage other countries to follow suit.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

cointelegraph.com, Bitcoin plunges 6% as Trump's crypto reserve falls short of hopes, accessed March 7, 2025.

Author: AWW