Bitcoin and Ethereum are experiencing significant price declines as traders react to President Trump's recent Strategic Bitcoin Reserve order and new U.S. trade tariffs. Bitcoin has dropped 4.8% to $81,729, while Ethereum has fallen by 8%, settling near $2,000, a level echoing prices from November 2023. Notably, Dogecoin has suffered even greater losses, falling approximately 13%. The uncertainty stems from the fact that Trump’s order did not allocate an immediate budget for Bitcoin purchases, leading to skepticism among investors. The order establishes a Strategic Bitcoin Reserve, expected to be funded by Bitcoin seized through criminal and civil asset forfeitures, but the specifics remain unclear. Analysts consider the executive order a critical step toward institutional acceptance of Bitcoin; however, without firm legislative backing, the future of Bitcoin acquisitions remains uncertain. Pending discussions in Congress, particularly at the upcoming Bitcoin for America event, could shape the long-term outlook for Bitcoin holdings within U.S. financial reserves, and traders are looking for clearer regulatory guidance as global tensions affect risk assets like cryptocurrencies.

Source 🔗