Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
On March 7, 2025, the President of the United States, Donald Trump, signed a decree on the creation of a strategic reserve of Bitcoin, which caused significant fluctuations in the exchange rate of this cryptocurrency. Immediately after the announcement, the price of Bitcoin dropped from $90,978 to $85,080, but then partially recovered to $89,075.
According to the decree, the US will cease the sale of confiscated bitcoins and develop a strategy for their accumulation without additional expenses for taxpayers. Other cryptocurrencies, such as Ethereum, Solana, XRP, and Cardano, will be included in a separate fund, but the state does not plan to buy more of them.
The market reacted to this news by lowering the price of Bitcoin by 3%, from $87,600 to $84,700. Similar decreases were observed in other cryptocurrencies: Ethereum dropped by 2%, XRP by 1%, Solana by 3%, and Cardano by 13%.
The reason for this market reaction was investors' disappointment: instead of the expected new government purchases of bitcoins, the reserve will be replenished with assets already owned by the government obtained through confiscations. This means a lack of additional demand from the government, which led to the initial price decline.
However, despite the initial drop, the market quickly stabilized.
Thus, although Trump's decree caused short-term volatility in the bitcoin market, further developments will depend on specific actions by the administration in regulating and supporting the cryptocurrency sector.