The post Crypto News Today, 7th March : Crypto Reserve USA, Crypto Summit, XRP News , Pi Network News appeared first on Coinpedia Fintech News
March 7, 2025 05:54:53 UTC
Why Bitcoin Price Is Down Today?
Bitcoin dropped 5.7% in under an hour on Thursday as investors reacted to President Trump’s executive order establishing a Strategic Bitcoin Reserve using seized assets. The move reversed a recent rally above $92,000, with traders taking profits and reassessing the market impact of the new crypto policy. This sell-off raises regulatory concerns.
March 7, 2025 05:31:39 UTC
Donald Trump Signs Executive Order to Establish Bitcoin Reserve
US President Donald Trump signed an executive order to create a government Bitcoin reserve, marking a seismic shift in crypto policy. The reserve, intended to serve like traditional gold reserves, could stabilize national finances and clarify regulations. Critics warn the move may conflict with Bitcoin’s decentralized nature. With growing institutional interest in digital assets, market participants will closely monitor its impact on the financial system and the broader crypto ecosystem.
