On March 11, 2025, BTC fell below the $77,000 mark on that day; ETH fell by more than 8%, and the market value prices of newly issued assets and well-known Meme Coins, such as XRP and DOGE, also fell significantly.

On March 6, 2025, Trump had just officially signed an executive order on BTC strategic reserves and US digital asset reserves, and held the first crypto assets summit at the White House. Many investors in the digital asset field attended the event. CNBC published an article that BTC price fluctuations are shifting investors' focus from the White House crypto asset summit to macroeconomic pressure.

U.S. digital asset regulatory official David Sacks believes that BTC’s strategic reserve plans will not use fiscal funds to directly acquire digital assets, which can reduce the risk of investment in crypto assets, but these plans may disappoint some people in the market.

About BTC strategic reserves

The United States establishes BTC strategic reserves and will be reserved management with BTC owned by the US Department of Treasury as the basic capital. These BTCs are derived from digital assets confiscated during the execution of judicial cases. BTC deposited in the strategic reserves will not be sold. In addition, Trump said in March 2025 that he would also plan to reserve digital assets on ETH, XRP, Solana and Cardano, but the specific asset name has not been announced yet.

According to the executive order signed by Trump, the U.S. Treasury Secretary and Commerce Secretary must develop a "budget-neutral strategy" to obtain more BTC without additional burden on taxpayers; the Treasury Secretary can determine a responsible reserve management strategy.

Before Trump signed the Executive Order to Establish BTC Strategic Reserves, there was no clear plan within the U.S. federal agencies, and there was an imbalance in ownership, control and management of the digital assets they held.

Some media reports believe that Trump's formal signing of the executive order to establish BTC strategic reserves will help solve the above problems and explore one of the starting plans for centralized and secure management of digital asset reserves, but no more specific regulatory plans have been disclosed yetDraw details.

Photo source: Internet

The first US cryptoasset Summit

According to the news released by Trump on social platforms, in addition to officials and legislative officials, participants in the first White House cryptoasset Summit also include Michael Saylor, executive director of MicroStrategy; Brian Armstrong, co-founder and CEO of Coinbase; Zach Witkoff, founder of World Liberty Financial; Investor Cameron Winklevoss, Tyler Winklevoss; entrepreneurs and digital asset reserve advocates David Bailey, Michael Saylor, Brian Armstrong and Brad Garlinghouse, participants expressed many valuable views on the development of the crypto industry and explained the value stances in supporting the crypto industry and establishing BTC reserves. They were optimistic about the crypto industry and cooperation, and hoped that future regulatory enforcement would be clear and clear.

Excerpt from the meeting's views

U.S. President Trump: I am very positive and open to the development of the crypto asset industry, and I am positive and open to crypto asset companies and everything related to this emerging industry. Our must be the leader in this field… From today on, a very clear rule that the United States will follow is – never sell BTC.

U.S. Treasury Secretary Scott Bessent: The United States will maintain its dollar as the world's reserve currency and use Stabelcoins to achieve this goal.

David Sacks, a White House digital asset regulatory official appointed by Trump, said on X social platform that plans to build BTC digital reserves are long overdue.

JP Richardson, Co-founder and CEO of Exodus, a Bitcoin wallet developer: BTC Strategic ReservesIt is the focus of many people's debate, and although Trump also recommends that other digital assets be included in the strategic reserves as well, I don't think this is feasible. The crypto industry has made great progress, but it is still a relatively emerging industry.

Les Borsai, co-founder of Wave Digital Assets, a crypto asset investment advisor: This is the first time that a crypto industry leader feels like he has entered a cooperative discussion.

Ripple CEO Brad Garlinghouse posted on social platform X that XRP is one of the other four crypto assets that Trump recommends that they may be included in the strategic reserves.

Yesha Yadav, associate dean and law professor at Vanderbilt University: What everyone really needs is to clarify the degree and intensity of regulatory scrutiny and clarify who is the main regulator... This may speed up the SEC's approval process for a large number of newly listed exchange-traded funds.

Photo source: Internet

Analysts' views

Analysts' views

After the market value of digital assets such as BTC, ETH, and DOGE plummeted, the consensus among different analysts on the reasons for this market value fluctuation is that the future price trend of BTC is closely related to US economic indicators; there is a high-risk game between BTC and the central bank, and the decline of the US dollar index may be beneficial to the bullish market value of crypto assets, but we need to maintain a cautious attitude.

Analysts' views

TechFlow Media views: From a technical analysis perspective, the recent price decline in BTC has not completely exceeded market expectations, however, market sentiment remains complex. The decline in BTC's market value may be related to the closing pressure of Bitcoin spot ETFs, which leads to a further decline in BTC prices in the short term.

Deutsche Bank analyst Marion Laboure: Trump's BTC reserveThe preparation plan lacks clear details, and uncertainty exists in the timetable, funding and allocation plans, which may lead to continued fluctuations in the market value of crypto assets.

Real Vision analyst Jamie Coutts: Bitcoin is in a "high-risk showdown" with the central bank. Regarding the market capitalization prospects of BTC, the US dollar index may be beneficial to BTC when it weakens and is worth bullish, but it needs to be cautious.

The US dollar index is an index that measures the value of a dollar relative to a basket of other currencies. Market Watch data reality, the US dollar index (DXY) fell to 103.85 on March 10, 2025, a numerical low in nearly four months, and US dollar volatility is expected to decline.

However, there are two indicators that may cause concern in the short term: Treasury bond volatility (MOVE index) and corporate bond spreads. Increased volatility in Treasury bonds could lead to liquidity tensions that could in turn force central banks to intervene, which could be beneficial to BTC market capitalization development. At present, the MOVE index remains stable but shows an upward trend. In addition, corporate bond spreads have widened for three consecutive weeks, and the reversal of corporate bond spreads has often appeared historically in sync with the top of BTC price.

Research organization Bravos Research issued an article on March 6, 2025 saying: The decline in the US dollar index may become an important driving force for risky assets such as stocks and crypto assets. Other factors that are bullish on crypto assets include: global strategic reserve competition for BTC, double Bitcoin spot ETF positions, increased liquidity, etc. Assuming long-term holders maintain low leverage—BTC holders' odds of winning are gradually increasing.

BTSE Chief Operating Officer Jeff Mei: It is expected that BTC may fall between $70,000 and $80,000 in the next few weeks. Only when the tax war ends and the Federal Reserve resumes interest rate cuts will the market value of crypto assets be expected to return to its highs.

DeFi analyst Adaora Favour Nwankwo: In the event of a recession, BTC's maximum drop is about $50,000. And if there is no recession, the BTC market capitalization base price is expected to be between $70,000 and $75,000.

Zaye Capital Markets analyst Naeem Aslam pointed out in a report that the decline in BTC prices is due to the pressure on crypto assets due to uncertainty in the United States and the widespread risk aversion.