BTC is showing signs of stabilization on Monday after recent sell-offs, but its volatility remains high. As reported by CNBC, this is related to Donald Trump's decree to create a strategic crypto reserve.
As of 09:51 MSK, the leading digital currency was trading at $82,438, partially recovering after a drop to $80,259 recorded on Sunday. Now traders are pondering whether the support at $80,000 will hold or whether the price will break through this level, opening the way to $78,600 — a mark reached in February for the first time since November 2024.
What is known about the U.S. crypto reserve?
The reserve will be formed from cryptocurrencies seized during criminal and civil cases. At the same time, the U.S. government has no plans to purchase new bitcoins. Initially, investors expected more active government participation in the market, which is why after the announcement of the reserve's creation, the price of bitcoin and other cryptocurrencies dropped.
An optimistic view of the situation
Despite the short-term disappointment of investors, some analysts consider this step positive for the cryptocurrency market in the long term.
The market is wrong, said Matt Hougan, Chief Investment Officer of Bitwise Asset Management. According to him, traders were expecting an immediate purchase of 100,000–200,000 BTC, but that did not happen. However, Hougan is confident that the current decline is just a temporary setback.
The market will find its support point and realize that this step is incredibly positive in the long term — for both bitcoin and the cryptocurrency sector as a whole, he noted.
