Bitcoin is cheap now, or at least that is what Adam Back said when commenting on the recent price roller coaster of the leading cryptocurrency.

China's top diplomat accused Donald Trump of taking a hypocritical approach to bilateral ties and denounced tariffs, as tensions rise between the world's largest economies. Foreign Minister Wang Yi defended his nation's actions on stemming the flow of fentanyl to the US on Friday at a high-profile briefing, and accused the Republican leader of using the issue as a pretext to pressure his government.

Coinbase's Head of Product, Conor Grogan, said that Trump's Strategic Bitcoin Reserve has alleviated the pressure on BTC prices.

Richard Teng, the new chief executive of Binance, who took over from Changpeng Zhao, has published a Bitcoin tweet with a slightly poetic touch to it. He also underscored Bitcoin's qualities that make it a unique and sustainable asset on the market.

Industry experts have lauded President Donald Trump's executive order establishing a Strategic Bitcoin Reserve, viewing it as a transformative step that could spur global adoption and legitimize Bitcoin (CRYPTO: BTC) as a financial asset. The order utilizes 200,000 Bitcoin already held by the federal government from criminal and civil forfeiture proceedings, aiming to position the U.S. as a dominant player in cryptocurrency without taxpayer costs.

For years, regulatory uncertainty has stifled crypto innovation. Now, industry leaders hope the summit will mark a pivotal turning point.

Solana's Toly criticized the move, calling it insufficient and pushing for clearer regulations. The reserve will hold BTC from government forfeiture.

The recent stock market downturn, triggered by tariff concerns, has erased all gains in the Nasdaq 100 and SP 500 since Donald Trumps early November election victory. Both indices have fallen over 2%, yet Bitcoin (BTC) remains in positive territory, surging more than 20% over the same period.

U.S. President Donald Trump signed an executive order establishing a strategic Bitcoin (BTC) reserve, incorporating BTC seized by law enforcement. White House crypto and AI czar David Sacks clarified on X that no taxpayer funds will be used for acquiring BTC or other digital assets.

CNBC's MacKenzie Sigalos joins 'Squawk Box' to report on the latest news.

Announced by Lieutenant Governor Dan Patrick on March 6th, 2025, this bipartisan legislation is authored by Senator Charles Schwertner of Georgetown. With Texas boasting the 8th largest economy in the world, this decision could set a precedent.

Bitcoin price traded downward on Friday, on the day when its journey as a Federal Reserve currency was set to begin at the White House Crypto Summit. The crypto market bellwether is among the five digital coins mentioned last week by US President Donald Trump for inclusion into the Strategic Federal Cryptocurrency Reserve.

The flagship cryptocurrency experienced a significant decline following the official signing of the U.S. presidential decree establishing a strategic reserve of Bitcoin. While investors hoped for massive purchases by the government, the reality proved to be less ambitious, causing a market correction.

Matt Hougan believes a U.S. Bitcoin reserve would prevent bans, boost global adoption, and challenge anti-crypto institutions.

BTC fails to surge even with a Bitcoin strategic reserve now a reality.

Bitcoin has been struggling around the $90,000 level, failing to reclaim it as support and confirm a recovery from the intense selling pressure it has faced in recent weeks. Despite multiple attempts to push higher, BTC remains under uncertain market conditions, with traders looking for clearer signals of direction.

Short-dated puts tied to BTC, ETH, and SOL trade at a premium relative to calls, according to Block Scholes.

TL;DR President Trump's executive order to create a Strategic Bitcoin Reserve aims to position Bitcoin alongside gold reserves, funded by seized assets without taxpayer expense. The announcement triggered a crypto market slump, with Bitcoin and major altcoins like Ethereum, XRP, and Solana experiencing significant price drops.

The bill proposes the creation of special fund to acquire, hold and manage Bitcoin.

Trump's US Bitcoin reserve is expected to drive global adoption, boost institutional investment and cement Bitcoin as a strategic asset, analysts say.

"Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve."

Stock futures rebound as traders await key jobs report. Bitcoin steadies near $89K, Broadcom jumps 16% on AI demand, while trade policy uncertainty lingers.

Traders are scrambling to get ahead of other countries rushing to follow the U.S.

In the last 24 hours, the cryptocurrency market has experienced a drop of 3.7%. During the period, the Bitcoin market has declined by over 1.9%. Currently, the price of BTC stands at $89,003.65 – nearly 22.49% below its all-time high. In the last 30 days, the BTC price has dropped by over 8.7%.

The United States could acquire over 1 million Bitcoin in five years if the authorities were to sell 15% of the country's gold reserves, analysts estimate. Selling 15% of its gold reserves could enable the U.S. to acquire 1.

TL;DR President Trump signed an executive order to create a Strategic Bitcoin Reserve, funded by Bitcoin obtained through asset forfeiture, aiming to establish a digital Fort Knox. The U.S. government holds around 200,000 Bitcoin, and the reserve will not cost taxpayers, focusing on long-term value retention without selling the assets.

BTC, ETH, and SOL have moved in close correlation, reflecting broader market trends.

This week, the US Dollar Index (DXY) has recorded one of its largest three-day negative performances in recent history. Since Monday, the DXY is down -5.4%, falling from 109.881 to 103.967—an event some market observers interpret as a bullish inflection point for Bitcoin.

In a major move towards integrating Bitcoin into the US financial system, President Donald Trump has signed an executive order to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile.

Despite its reputation as “digital gold,” Bitcoin remains highly correlated with equities, making it susceptible to broader market movements. The post Bitcoin Still a Risk Asset? Correlation with Equities Challenges Hedge Narrative: Garrison Yang appeared first on Cryptonews.

If China has not yet sold its 195,000 Bitcoin seized from the PlusToken Ponzi scheme, it could use the funds to make a reserve rivaling the US.

Yesterday, Donald Trump signed the strategic Bitcoin reserve executive order – to Michael Saylor's delight and altcoin investors' dismay. White House Crypto Czar David Sacks highlights that no taxpayer dollars will go toward the reserve.

The U.S. government has long held a significant Bitcoin stash, mostly from criminal seizures and civil forfeitures. President Donald Trump has officially signed an Executive Order to establish a Strategic Bitcoin Reserve. This reserve will be funded using seized BTC, ensuring taxpayers won't bear any costs.

47th U.S. President Donald Trump has made a major move by signing an executive order to create a strategic Bitcoin reserve for the United States. This decision puts the U.S. among the few nations officially building a Bitcoin reserve. However, the biggest question is how the government plans to buy BTC without spending taxpayer money.

Andreas Kohl, a bitcoiner who moved to El Salvador three years ago, has decided to leave the country due to the new direction taken by the current administration regarding bitcoin and a series of promises that the government has failed to fulfill.

The AI and Crypto Czar of the White House, David Sacks, comments on the incident on X.

Analyst Jiang Jinze mentioned several ways the U.S. could purchase Bitcoin for its strategic reserve in the event it runs out of seized BTC.

The Donald Trump Executive Order signing for the Bitcoin Reserve is one of the industry's biggest events. However, the market has witnessed an unaffected outcome, especially with MicroStrategy Stock.

The trend of the BTC price is going through a period of great uncertainty without a clear trend.

With the documents for the U.S. Strategic Bitcoin Reserve signed, the price of the major cryptocurrency experienced a big sell-off, momentarily losing 4.9% within just an hour. Not quite the reaction the crypto community would expect, but it seems the old market rule to "buy the rumor, sell the news" is still alive in 2025.

While the US has adopted a Bitcoin reserve, other nations indicate similar interest. Notably, Bhutan, a South Asian country, has strategically positioned Bitcoin as a pillar of its national development.

A closely followed crypto analyst and trader is warning that Bitcoin (BTC) may soon return to the $70,000 range. In a new thread, crypto trader Justin Bennett tells his 115,900 followers on the social media platform X that Bitcoin may soon fill a CME gap by dipping to the $77,360 level.

The White House announced a Strategic Bitcoin Reserve via an executive order. A new U.S. Digital Asset Stockpile will manage other cryptocurrencies.

Bitcoin is evolving at the intersection of major geopolitical tensions and global monetary strategies. While financial markets expected the United States to take the lead on the issue of bitcoin reserves, it is ultimately China that could trigger an unprecedented economic earthquake.

US President Donald Trump announced an executive order on March 6 to establish a Strategic Bitcoin Reserve. This order ensures that seized Bitcoin will be held in a national reserve and will not be sold.

EU strives to keep crypto innovation onshore with latest regulatory exemptions

With the White House Crypto Summit due to take place later today, it has already been announced that President Trump has signed an executive order on Thursday to set up a Strategic Bitcoin Reserve. With no commitment to add to the reserve by buying Bitcoin, will this just be a sell the news event, or will a catalyst emerge at the Crypto Summit?

Bitcoin trades near $88,000 as markets cautiously await the first-ever White House crypto summit that could determine short-term price direction while analysts maintain optimism for new highs by June.