Day: March 7, 2025

How much Bitcoin does the US hold, and where did it come from?

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The US government currently holds around 198,109 Bitcoin worth $17.7 billion, according to data from blockchain analytics firm Arkham Intelligence, a stash that it built mainly through seizures and forfeitures in criminal cases. A portion of that Bitcoin (BTC) will eventually form part of the country’s “Strategic Bitcoin Reserve” that President Donald Trump signed into existence with his March 6 executive order, which says the reserve will hold any Bitcoin “forfeited as part of criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty.” The order…

US may hold up to 88K BTC in Strategic Bitcoin Reserve

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The U.S. government may have a maximum of 88,000 BTC available for its newly announced Strategic Bitcoin Reserve, according to Alex Thorn, head of research at Galaxy Research.  In a Mar. 7 post on X, Thorn noted that while the government currently holds about 198,000 Bitcoin (BTC), 112,000 BTC must be returned to Bitfinex following a previous seizure. This means that only a portion of the assets, a maximum of 88,000 BTC, can be used for the reserve. we think current US bitcoin balance available for re-purpose into a reserve…

XRP Faces Make-Or-Break Moment Amid Bearish Threat

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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. XRP is hovering around $2.52 on the daily chart, maintaining a delicate balance between bullish momentum and the potential for a major reversal pattern. Renowned crypto analyst Josh Olszewicz…

NFT trading volume has tumbled 63% since December

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The trading volumes of non-fungible tokens (NFTs) last month were down by more than 60% from December despite building momentum in the final months of 2024, with the fall coinciding with a crypto market downturn.  In December, the total trading volumes for NFTs hit $1.36 billion but fell 26% in month-on-month January, then another 50% in February, DappRadar analyst Sara Gherghelas said in a March 6 industry report. “While NFTs had been showing signs of a comeback in recent months, their momentum has slowed since the start of the year,”…

4 reasons why Trump’s Bitcoin reserve is actually bullish: Crypto execs

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A strategic Bitcoin reserve in the United States reduces the possibility that the government will ever “ban” the cryptocurrency and could encourage many more nations to adopt Bitcoin, according to crypto observers. On March 7, US President Donald Trump signed an order establishing a Strategic Bitcoin Reserve and a digital asset stockpile.  White House crypto czar David Sacks said that the reserve would be capitalized with “Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings,” estimated at around 200,000 BTC. This…

XRP Price Slips, But Buyers Hold Ground—Is a Rebound Coming?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Solana (SOL) Struggles to Rebound—Key Hurdles Blocking Recovery

Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the…

President Trump signs Strategic Bitcoin Reserve order

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President Trump has signed an executive order to create a Strategic Bitcoin Reserve, says White House AI and Crypto Czar David Sacks. According to Sacks’ Mar. 7 announcement on his official X handle, the reserve will be funded with Bitcoin (BTC) seized by the federal government through asset forfeiture, meaning taxpayers will not bear any cost. Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part…

US Loosens Grip on Seized Bitcoin Mining Rigs, but Many Remain Confiscated

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U.S. authorities have begun releasing seized bitcoin mining equipment after months of scrutiny over Chinese-made chips. Thousands of units are freed, but many remain held. US Starts Releasing Seized Bitcoin Mining Equipment U.S. authorities have started releasing some of the cryptocurrency mining equipment that had been seized in recent months, Reuters reported on March 5. […] Original

President Trump signs order creating strategic Bitcoin reserve

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President Trump has signed an executive order to create a Strategic Bitcoin Reserve, says White House AI and Crypto Czar David Sacks. According to Sacks’ Mar. 7 announcement on his official X handle, the reserve will be funded with Bitcoin (BTC) seized by the federal government through asset forfeiture, meaning taxpayers will not bear any cost. Sacks estimated that the U.S. government holds around 200,000 BTC, though a full audit has never been conducted. The executive order mandates a complete accounting of federal digital asset holdings and prohibits the sale…