Day: March 7, 2025

US Bitcoin reserve marks ‘real step’ toward global financial integration

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President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system. Trump’s executive order outlined a plan to initially use cryptocurrency forfeited in government criminal cases, Cointelegraph reported on March 7. As one of the crypto industry’s most widely-anticipated moves, the Strategic Bitcoin (BTC) Reserve marks the first “real step” for Bitcoin’s integration into the global financial system, according to Joe Burnett, head of market research at Unchained. Source: Margo Martin…

The S&P 500 and Nasdaq Give Up Their Trump-Bump

The stock market tariff tantrum of the past few weeks has seen the Nasdaq 100 and S&P 500 give up all their gains since the early November election victory of Donald Trump even as bitcoin (BTC) remains in positive territory. Both equity gauges are now more than 2% lower, while bitcoin is up over 20% in the same time frame. Market leader Nvidia (NVDA), whose chips are in demand for uses in AI, for instance, is lower by more than 20% since Trump’s triumph. On the flip side, Meta Platforms…

Lake Binance? How naming rights can fund the Bitcoin reserve

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Auctioning off naming rights to national landmarks offers a proactive, budget-neutral boost, echoing President Trump’s call to harness digital assets for American prosperity. On March 6, 2025, President Donald J. Trump signed an Executive Order establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, a decisive step to make America the “crypto capital of the world,” as outlined in the White House Fact Sheet released today.  By designating Bitcoin (BTC) a reserve asset — initially funded with 88,000 BTC of forfeited holdings — the order charges the Secretaries of…

Bitcoin forgets Strategic Reserve ‘sell the news event’ with 4% bounce

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Bitcoin (BTC) rebounded 4% on Mar, 7 as markets shook off disappointment over the US Strategic Bitcoin Reserve. BTC/USD 1-day chart. Source: Cointelegraph/TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from local lows of $84,713 on Bitstamp. These came as US President Donald Trump signed a long-awaited executive order establishing the Reserve, which will ultimately consist of no “new” BTC; only confiscated coins will form the stockpile. “Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a…

Nic Carter reacts to March 7 Bitcoin reserve announcement

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Venture Capitalist Nic Carter comments on Trump’s March 7 White House Crypto Summit executive order to establish a Strategic Bitcoin Reserve. In a recent post on March 7, Carter praises Trump’s decision to create a Strategic Bitcoin (BTC) Reserve, saying the announcement “couldn’t have gone better.” Carter, known for his investigative articles exposing the Biden administration for their efforts to snuff out the crypto industry, highlighted a few positive things that he believes came out of the White House Crypto Summit held on March 7. According to Carter, it was…

Bitcoin Must Hold This Level Ahead Of Trump’s Crypto Summit

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. As Bitcoin (BTC) attempts to reclaim the $90,000 mark, some market watchers have warned investors about Friday’s potential market volatility. Various analysts suggest that the flagship’s crypto performance could…

Dogecoin Slumps 9% as Trump Douses Bullish Crypto Reserve Hopes

Major tokens XRP, dogecoin (DOGE) and Cardano (ADA) plummeted as much as 9% in the past 24 hours after President Donald Trump dashed hopes of a diversified U.S. strategic crypto reserve. Late Thursday, Trump directed his administration to establish a Bitcoin Strategic Reserve to hold bitcoin (BTC) previously seized by the government with an additional “crypto stockpile” of other assets. Assets for the non-bitcoin stockpile will be any crypto that the government otherwise seizes. That reversed days of bullish momentum fueled by Trump’s earlier comments at including tokens XRP, ADA,…

Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. According to a key on-chain indicator, Ethereum (ETH) may be undervalued at its current market price. The last time ETH was this undervalued was in October 2023, after which…

Bitcoin has ‘more than 50% chance’ of new high by June: Cory Klippsten

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The chances of Bitcoin surpassing its all-time high of $109,000 by June are favorable, but the market first needs time to absorb volatile macroeconomic conditions, says Swan Bitcoin CEO Cory Klippsten. “I think there’s more than 50% chance we will see all-time highs before the end of June this year,” Klippsten told Cointelegraph.  However, he said that market participants first need to adapt to US President Donald Trump’s tariff threats and the uncertainty around inflation rates. Markets need time to digest “The market needs to first digest tariffs, trade war…

Memecoins are likely dead for now, but they’ll be back: CoinGecko

Enthusiasm for memecoins appears to have cooled after a series of bad launches and rug pulls killing off investor interest, according to CoinGecko founder Bobby Ong.  Metrics for token launchpad Pump.fun immediately plummeted following the Libra (LIBRA) rug, Ong said in a March 6 report, with newly created tokens and daily graduated tokens on the platform falling over 90% since their February peak. “The launch of TRUMP and MELANIA marked the top for memecoins as it sucked liquidity and attention out of all the other cryptocurrencies.” The memecoin market has…