Bitcoin Price Dips Below $116,000 After White House Releases Digital Assets Report
President Trump’s Digital Assets Report outlines reforms supporting Bitcoin, crypto and blockchain innovation, calling for a ban on CBDCs.
Oscar Zarraga Perez
By
Oscar Zarraga Perez
July 30, 2025
Bitcoin Price Dips Below $116,000 After White House Releases Digital Assets Report
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Bitcoin’s price briefly fell below $116,000 this afternoon following the release of the Trump administration’s highly anticipated Digital Assets Report, a policy proposal aimed at establishing the United States as the global leader in digital asset innovation.
President Trump’s executive orders established a Strategic Bitcoin Reserve. These reserves will be funded primarily through lawfully forfeited digital assets. The Bitcoin held in the reserve is intended to be kept, and the Treasury and Commerce also started developing strategies to acquire additional Bitcoin. Although, it is unclear at this time how much BTC is actually held in the reserve currently with reports claiming a large majority of the coins have been sold.
The report, prepared by the President’s Working Group on Digital Asset Markets, outlines a stance with bitcoin and other crypto that calls for regulatory clarity, protection of self-custody rights, lawful blockchain use, a ban on central bank digital currencies (CBDCs), and support for open access to digital financial infrastructure.
Bitcoin had risen 26% year-to-date ahead of the report’s release. Following its publication, the market saw a brief sell off as investors likely took potential profits by ‘selling the news.