🚨 URGENT UPDATE: Trump Introduces National Bitcoin Fund – $BTC Drops to $84K Ahead of Major Crypto Summit! 📉
📅 Date: March 7, 2025
The U.S. government, under President Donald Trump, has taken a bold step by unveiling the National Bitcoin Reserve and the American Digital Asset Fund, marking a historic shift in crypto adoption.
🔹 Key Announcements:
✅ Utilization of Confiscated Bitcoin – The U.S. will allocate 200,000 BTC (over $17 billion) from seized assets to support this initiative, without using public funds.
✅ No Government Purchases Yet – The Treasury and Commerce Departments are permitted to explore acquiring more BTC, but only under budget-neutral policies to avoid taxpayer impact.
🔻 Market Response:
📉 Bitcoin plunged from $91,000 to $84,700 before stabilizing at $88,000. Analysts suggest this is a classic "sell the news" event, as investors expected the government to buy BTC directly, which didn’t happen.
🏛️ What’s Next?
⏳ The White House Crypto Summit is set to take place tonight, where further policy details will be revealed. Investors worldwide are watching closely!
🔔 Stay updated and be ready to adapt as the market reacts!
