“US President Donald Trump will announce a “significant” change in cryptocurrency policy, including plans to create a strategic reserve of digital assets (SBR) at a white house summit on March 7. This was announced by the Minister of Commerce Howard Lutk in an interview with The Pavlovic Today. According to him, Bitcoin will receive “special status” according to Trump’s plans, and attitude […]”, – WRITE: Businessua.com.ua
US President Donald Trump announces a “significant” change in cryptocurrency policy, including plans to create a strategic reserve of digital assets (SBR) on Sumits in the White House, which will take place on March 7. This was announced by the Minister of Commerce Howard Lutk in an interview with The Pavlovic Today.
According to him, Bitcoin will receive “special status” according to Trump’s plans, and the attitude towards other cryptocurrencies will be “positive”.
Cryptosamite will be the most important forum for discussing regulatory clarity, financial innovations and economic opportunities in the developing digital asset sector, officials said.
We will remind, on March 2, Trump announced the possible inclusion of SOL, XRP and ADA in SBR next to bitcoin.
Against the background of this March 4, the hourly inflow reached 193 million XRP, according to analysts Cryptoquant. Most of the money came from whales that were transactions worth 1 million or more XRP.
Trump’s Crypto Strategic Reserve Plan Briefly Lifted Bitcoin 10%, Ethereum 13%, and XRP 34%.
But Traders Rusaged to Sell, Flooding Exchanges with 6.739 Bitcoin Per Hour and 300,000 Ethereum Inflows.
PRICES FELL, Leaving Bitcoin and Ethereum Down 9% and 14%. pic.twitter.com/03rrrr9ar4cq
– Cryptoquant.com (@cryptoquant_com) March 4, 2025
At the same time, the volume of entrance bitcoin transactions per day increased from 500 BTC to 1000 BTC and reached a maximum of 6739 BTC. The inflow of ETH on the exchange increased to 300,000 coins per hour.
Experts explained such actions in the investors’ intention to sell assets, as large reserves of tokens are usually stored in cold wallets.
The activity caused rise in prices, but the trend was short -lived. Analysts noted that the real demand for cryptocurrency has been declining for several months and now remains in the stagnation zone.
Earlier, Euro Pacific Capital President and Bitcoin Critic Peter Schiff urged Congress to start investigating Trump’s actions, which he called “the greatest cryptons in history”
The gun
Please wait …