- Bitcoin was negotiated at around $ 88,000, lowering 1.50% in the last 24 hours
- Ethereum, XRP, Solana and Cardano have also seen prices drop as a result of the stock of digital assets
- TD Cowan analysts consider that it is a “compromise” and that the reserve is a positive movement of the White House
Cryptography prices remained unchanged on Friday after US President Donald Trump signed an executive decree establishing a Bitcoin strategic reserve.
Coinmarketcap data show Bitcoin Negotiate around the $ 88,000 mark, lowering more than 1.50% in the last 24 hours.
Ethereum, XRP, Solana and Cardano also remained relatively stable after the news. Solana saw the largest drop, 5% over 24 hours, and is currently negotiated at $ 142. Earlier this month, Asset revealed that it would be the Documents included in the Crypto reserve.
In particular, these documents were not mentioned in Trump Executive decree detailing a strategic bitcoin reserve And a stock of digital assets, which he signed on March 6.
A “compromise”
In a post on XArtificial Intelligence of the White House (AI) and CSAR Cryptographic David Sacks said:
“The reserve will be capitalized with bitcoin belonging to the federal government which was lost in the context of the confiscation of criminal or civil assets. This means that it will not cost taxpayers a penny. »»
Barely a few minutes ago, President Trump signed an executive decree to establish a strategic bitcoin reserve.
The reserve will be capitalized with bitcoin belonging to the federal government which was confiscated within the framework of the procedure for confiscating criminal or civil assets. It means that …
– David Sacks (@ davidsacks47) March 7, 2025
Sacks also indicated that the decree authorized the secretaries of the Treasury and the Commerce “to develop neutral budgetary strategies to acquire additional bitcoin, provided that these strategies do not have additional costs on American taxpayers.”
In response, Michael SaylorPresident and CEO of Strategy, said: “I have some neutral budgetary strategies to acquire additional bitcoin.”
With the news of the Bitcoin Strategic Reserve not pushing higher prices, TD Cowen analysts said They considered this as a positive movement of the White House, adding:
“We consider this to be a compromise. The government does not spend taxpayers’ dollars to acquire new digital assets. It is simply not a question of selling those he grasps. »»
