#BitcoinPolicyShift

Government bitcoin Policy Shift Impacts Bitcoin Market.

On March 7, 2025, the announcement by David Sacks that the government would not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings led to immediate reactions in the cryptocurrency market. Bitcoin (BTC) experienced a significant drop, with its price falling from $64,500 to $61,200 within an hour of the announcement (CoinMarketCap, 2025-03-07 14:00 UTC). This drop was accompanied by a surge in trading volume, with BTC/USD trading volume increasing by 45% from 15,000 BTC to 21,750 BTC during the same period (Coinbase, 2025-03-07 14:00 UTC).  Ethereum (ETH) also saw a decline, dropping from $3,200 to $3,050, with its trading volume increasing by 30% from 50,000 ETH to 65,000 ETH (Binance, 2025-03-07 14:00 UTC). The market sentiment shifted towards bearish, as evidenced by the Fear and Greed Index dropping from 55 to 42 within the hour (Alternative.me, 2025-03-07 14:00 UTC).