1. Bitcoin Market
From March 3 to March 9, 2025, the specific trend of Bitcoin is as follows:
March 3: Positive policies drove Bitcoin to surge for a short time, followed by a sharp correction
In the early morning of March 3, the price of Bitcoin suddenly rose from $85,199 to $94,598, an increase of more than 11%. The main driving force behind this surge was Trumps recognition of Bitcoin and Ethereum on social media, and mentioned that crypto assets may become part of the national reserve. The news quickly triggered a surge in market sentiment, pushing the price of Bitcoin to a short-term high of $94,727.
However, after digesting the positive news, the market gradually returned to rationality. The price fluctuated and fell back to $91,271. After a brief rebound to $93,513, it began to fall in a step-by-step manner at 10 p.m.: the first stage: from $93,611 to $89,803; the second stage: the price fell further to $85,509; the third stage: the lowest price fell to $82,969, and the short-term gains were basically reversed.
March 4: The market bottomed out and briefly fell below $82,000
After a sharp adjustment the day before, the market entered a short-term shock bottoming phase. Bitcoin consolidated in the range of $82,500-$84,300, and briefly dropped to $81,947, but quickly rebounded to above $82,500, showing strong support in this area.
March 5: Bitcoin rebounds strongly, breaking through $90,000
As market sentiment gradually recovered and buying power increased, the price of Bitcoin quickly rose from $82,408 to $88,371. Although it then slightly adjusted back to $86,669, the overall upward trend remained unchanged, and it further broke through $90,768, and finally fell back to around $87,925 for consolidation.
March 6: Upward attack was blocked, and the price fluctuated and pulled back
The price of Bitcoin encountered resistance near $92,678, and the bulls and bears engaged in a fierce game. Due to the lack of market momentum, the price entered a volatile correction and eventually fell back to around $88,629.
March 7: After a short-term sharp drop, the market stabilized, and the $85,000 support remained strong.
Bitcoin once rose to $90,562 in the early trading, but as the market selling pressure intensified, the price quickly fell back to $85,496. Although it briefly approached the key support level of $85,000, the level remained stable and did not effectively break down. Subsequently, Bitcoin quickly rebounded to $88,763 and fluctuated upward to $90,921, with significant short-term market fluctuations.
March 8: Bulls and bears fought fiercely, and the price returned to around $86,000
The price of Bitcoin fell sharply to $86,713 during the day, and then rebounded to a high of $88,549. However, the bull-bear game intensified, and the price fell back to $85,995. The market volatility slowed down significantly, and the fluctuation range gradually narrowed. In the end, the price remained around $86,000, and the market wait-and-see sentiment heated up.
March 9: Volatility converges, market awaits new drivers
Bitcoin continued to consolidate in a narrow range, with the amplitude further shrinking, and the price was running in the range of US$85,780 to US$86,480. The overall market tended to be stable, lacking a clear trend direction in the short term, and investors generally waited for new market catalysts or policy guidance.
Overall, Bitcoin has been on a roller coaster ride this week, showing the markets high sensitivity to macro news and reflecting the instability of short-term liquidity.
Bitcoin price trend (2025/03/03-2025/03/09)
2. Market dynamics and macro background
Fund Flows
(1) Fund Flows: Whale Holdings and Exchange Flows
March 3-March 5: During Bitcoin’s surge to $94,000, on-chain data showed a sharp increase in exchange deposits, with whales and early holders taking profits at high points, leading to an increase in short-term selling pressure.
March 5-March 7: As prices fell, the net outflow of Bitcoin from exchanges increased again, indicating that long-term investors (HODLers) may be buying again at low levels and the market has entered a repricing phase.
Derivatives market:
March 3: The open interest (OI) of BTC perpetual contracts surged, indicating that a large amount of funds poured into the market to go long. Subsequently, the long leverage was too high, and the market pulled back sharply, triggering a large number of liquidations.
March 6-7: The long-short position ratio tended to be balanced, and the market entered a period of volatile consolidation.
(2) Trading Depth and Market Sentiment
The Fear and Greed Index broke through 85 (extreme greed) on March 3, and then fell to around 60 (neutral to optimistic) due to a correction, indicating that market sentiment returned to rationality after a rapid rise.
March 6-7: The market buying and selling depth tended to be balanced, speculative sentiment weakened, and more funds began to pay attention to support levels and macro risks.
Technical Analysis
(1) Key support and resistance
Resistance: $94,000 (March 3 High), $92,500 (March 6 High)
Support Levels: $85,500 (March 7 low), $82,500 (March 4 low)
(2) Indicator analysis
RSI (Relative Strength Index):
It surged above 75 (overbought zone) on March 3 and then fell back to around 45 (neutral), indicating that the market entered a correction period after experiencing FOMO (fear of missing out) sentiment.
It reached overbought territory above 70 on March 5 before retreating to around 60, showing weakening buying power.
MA (Moving Average):
The short-term 5-day moving average rose rapidly on March 3, but then formed a death cross with the 20-day moving average, indicating that there is great pressure for a short-term correction.
The 200-day moving average remains up, indicating that the long-term trend remains bullish.
MACD (Moving Average Convergence Divergence):
A golden cross was formed on March 3, but the bullish momentum subsequently declined, and a dead cross was formed on March 5. The short-term trend tends to be volatile and consolidating.
Macro Background and Industry News
(1) Macroeconomics
US economic data:
The ISM services PMI released on March 4 was higher than expected, showing that the U.S. economy remains resilient. The market expects the Federal Reserve not to cut interest rates too early, which puts liquidity under short-term pressure and affects the price correction of Bitcoin.
Federal Reserve Policy:
In their speech on March 6, Federal Reserve officials did not explicitly support an early rate cut, which led to a cooling of market expectations for loose policies, capital flowing back to traditional markets, and a certain amount of selling pressure on the crypto market.
(2) Industry News
Trumps cryptocurrency stance (March 3)
Trump supports Bitcoin and Ethereum, and suggests that cryptocurrencies may become national strategic reserve assets. This statement triggered a short-term FOMO in the market, pushing up the price of BTC.
Bitcoin ETF Fund Flows (March 5)
The spot Bitcoin ETF saw a slowdown in capital inflows this week, indicating that institutional funds were taking profits at high levels, which put some pressure on short-term market sentiment.
Trump signs executive order to establish strategic Bitcoin reserve (March 6)
Trump signed an executive order to establish a strategic Bitcoin reserve, which is seen as the digital Ford Knox of digital gold. However, the order only involves hoarding existing confiscated assets rather than outright purchases, which disappointed the market.
Summary and Outlook
Short-term outlook (1-2 weeks)
Market Trend: Bitcoin is expected to fluctuate in the range of $85,000-92,000 in the short term, waiting for new macro signals or capital inflows to drive a breakthrough.
Key points of attention:
Is the $85,000-86,000 support solid?
Can $92,500 be broken to confirm a new round of rise?
The release of the US CPI (inflation data) on March 13 may affect the Fed’s policy expectations and thus affect the trend of BTC.
Mid- to long-term outlook (1-3 months)
Technical analysis: Bitcoins long-term moving average is still upward, and the overall bull market trend has not changed, but it may take more time to consolidate in the short term.
Market structure: Institutional funds are still paying attention to Bitcoin, ETF holdings continue to grow, and it is expected that there will still be upside potential in the coming months.
Macroeconomics: If the Federal Reserve sends a clearer signal of rate cuts, it may drive BTC to a stronger uptrend in the second quarter.
3. Hash rate changes
From March 3 to March 9, 2025, the hash rate of the Bitcoin network showed significant fluctuations, reflecting the dynamic adjustment of miners computing power and the impact of the market environment. On March 3, the hash rate rose sharply, jumping from 650.51 EH/s to 859.31 EH/s. Then on March 4, there was a shock decline, falling to a minimum of 741.64 EH/s, but it quickly rebounded to 814.15 EH/s, showing a certain short-term volatility. On March 5, the computing power fluctuated further, first falling to 748.62 EH/s, then rebounding to 812.17 EH/s, but then falling again to 717.95 EH/s, indicating that miners behavior is still adjusting. On March 6, the computing power of the Bitcoin network entered a phase of rapid growth, with the hash rate climbing to 768.85 EH/s, 918.33 EH/s, and finally reaching 964.16 EH/s, setting a high point in this cycle. However, on March 7, the network computing power fell back, with the hash rate falling back to 728.29 EH/s, and then briefly rebounding to 802.39 EH/s. On March 8, the hash rate dropped again to 716.83 EH/s, but then entered a new round of upward trend. As of March 9, the hash rate continued to rise, and the latest data has reached 868.36 EH/s, indicating that the computing power of miners is gradually recovering to a higher level.
Overall, the sharp fluctuations in Bitcoin hash rate this week may be affected by the combined influence of miners profitability, changes in energy costs, and expectations for adjustments to mining difficulty. Future trends still need to pay attention to further changes in the market environment and computing power distribution.
Bitcoin network hash rate data
4. Mining income
Between March 3 and March 9, 2025, Bitcoin miners’ earnings were affected by multiple factors, including Bitcoin price fluctuations, mining difficulty adjustments, and market sentiment.
Bitcoin price trend:
As of the time of writing on March 9, 2025, the price of Bitcoin is $86,066. In the past 24 hours, the price has increased by 0.06%. As Bitcoin price fluctuations have a direct impact on miners revenue.
Miner income and mining cost:
The decline in Bitcoin prices and the rise in mining costs have put pressure on miners earnings. According to a report by JPMorgan Chase, Bitcoin miners earned an average of $54,300 per EH/s per day from block rewards in February, down 5% from the previous month.
Miner behavior:
Despite the decline in revenue, on-chain data shows that Bitcoin miners have not sold since February 28, 2025. This may indicate that miners remain confident in the market outlook and choose to hold Bitcoin to wait for prices to recover.
Market sentiment and future outlook:
Market analysts advise against selling Bitcoin too early in a bull market to avoid missing out on potential gains. However, miners profitability will still be affected by factors such as Bitcoin price trends, mining difficulty adjustments and energy costs.
Overall, Bitcoin miners earnings were affected by price fluctuations and cost pressures between March 3 and March 9, 2025, but miners remained cautiously optimistic about the market outlook.
5. Energy costs and mining efficiency
According to CloverPool data, as of March 9, 2025, the total network computing power is about 788.66 EH/s and the mining difficulty is 110.57 T. As of writing, the next Bitcoin mining difficulty is expected to increase by 1.29% to 111.58 T in 12 hours (previously predicted to be 0.92%). As the difficulty adjustment occurs, the operating efficiency of miners is also optimized, which affects the overall energy consumption.
According to the latest data from MacroMicro, the current total production cost of Bitcoin is approximately $87,470.91, and the mining cost-to-price ratio is 1.01, indicating that the market price of Bitcoin is basically the same as its production cost, or even slightly higher than the cost price. In this context, some high-cost miners are facing profit pressure, especially those who rely on high electricity prices and use inefficient mining machines (such as Antminer S 19 and older models), which may suspend operations or sell mining machines due to high costs. If the market price continues to be sluggish, miners may further reduce computing power, resulting in a decrease in the computing power of the entire network, which in turn affects future mining difficulty adjustments.
At the same time, the Bitcoin hash price has also been severely impacted. According to Bitcoin.com News data, the hash price fell from $56.73/PH/s last month to $49.81/PH/s, which means that the miners unit computing power income has dropped significantly. In addition, although miners made a profit of $1.24 billion in February 2025, the profit outlook for March is not optimistic. Unless the BTC price or transaction fees rise significantly, the pressure on miners will continue to increase.
Due to the relatively low current market price, miners have reduced their BTC sales and chose to hold coins and wait for prices to rise to reduce the risk of losses. Crypto analyst Ali Martinez pointed out in an article on the X platform that since February 28, there has been no large-scale selling among miners, and this trend further verifies the miners holding strategy.
Improving mining efficiency and energy optimization Some leading mining companies are improving mining efficiency through technical optimization. For example, CleanSparks average mining machine efficiency in February 2025 was 17.07 J/Th, and achieved an average daily output of 22.30 BTC. In addition, more and more miners are turning to renewable energy to reduce energy costs and reduce carbon footprint. At present, the proportion of clean energy such as hydropower, solar energy, and wind energy in global Bitcoin mining activities is gradually increasing, becoming an industry trend.
However, the recent increase in Bitcoin network computing power and mining difficulty has led to an increase in mining costs, further compressing profit margins. In this context, miners are actively adopting strategies such as improving mining machine efficiency, optimizing energy structure, and adopting renewable energy to cope with increasingly severe energy costs and environmental challenges.
Bitcoin mining difficulty data
6. Policy and regulatory news
The latest progress of Bitcoin reserve legislation in various US states as of March 8, 2025
Federal level:
US President Donald Trump signed an executive order on March 5 to establish a strategic Bitcoin reserve and will host the first cryptocurrency summit on the same day to officially launch the reserve plan. This move may prompt more states to legislate to support Bitcoin reserves.
Main content:
Source of Reserve: The reserve will be composed of bitcoins acquired by the federal government through criminal or civil asset forfeiture proceedings; the government will not purchase bitcoins on the open market.
Asset Verification: The executive order requires a comprehensive accounting of digital assets held by the federal government to clarify the amount and status of Bitcoin currently held.
Fiscal impact: The President stressed that establishing the reserve would not increase the fiscal deficit or debt and would not use taxpayer funds.
The latest news from each state:
1. Texas
On March 7, the Strategic Bitcoin Reserve Act (SB 21) was passed by the state Senate with 25 votes in favor and 5 votes against.
On March 9, Texas officially established the Bitcoin Reserve Fund, becoming the first state-run crypto fund in U.S. history.
2. New Hampshire
On March 6, the New Hampshire House Commerce Committee passed the Bitcoin Reserve Act (HB 302) by a vote of 16 to 1, and the bill will now move to a full vote in the House of Representatives.
The main contents of the bill are:
Allow state treasurers to invest 5% of state funds in digital assets (currently only Bitcoin meets the market capitalization criterion).
The stablecoin and pledge investment options of the original bill were removed, and the investment cap was reduced from 10% to 5%.
The state finance minister said that if the bill is passed, an investment plan will be considered for implementation.
The bill’s passage comes as President Trump announced the creation of a national strategic crypto reserve, which market experts predict could consist mostly of Bitcoin.
3. Utah
Bitcoin-related legislation was recently passed, but it did not include a strategic reserve component.
4. Arizona
It is considered likely to be the first to pass legislation for the strategic reserve of Bitcoin.
5. Other States
Montana, Wyoming, North Dakota, South Dakota and Pennsylvania have all rejected the legislation.
Overall Trend
Currently, many states in the United States are accelerating the advancement of Bitcoin reserve legislation, among which Texas, New Hampshire, North Carolina and other states have made rapid progress.
As the federal government launches a strategic Bitcoin reserve, more states are expected to review relevant bills and speed up the legislative process.
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US Treasury sanctions 49 Bitcoin and Monero addresses involved in darknet market Nemesis
On March 5, according to the announcement of the U.S. Treasury Departments Office of Foreign Assets Control (OFAC), the U.S. government has added 49 cryptocurrency addresses to the sanctions list. These addresses are controlled by Iranian citizen Behrouz Parsarad, who is accused of being the administrator of the dark web market Nemesis. The sanctioned addresses include 44 Bitcoin and 5 Monero addresses.
Nemesis had 30,000 active users before it was shut down, and facilitated nearly $30 million in drug transactions during its three years of operation. According to OFAC, Parsarad made millions of dollars by charging users transaction fees and was suspected of laundering money for drug traffickers and cybercriminals. Nemesis traded a wide range of items, including drugs, personal identification data, counterfeit documents, ransomware, and cybercrime tools (such as phishing attacks and DDoS tools).
Florida Republican Representative Promises to Add Bitcoin to State Treasury Reserves
On March 5, Matthew Sigel, director of digital asset research at VanEck, published a post revealing that Florida Republican Representative and gubernatorial candidate Byron Donalds pledged on Fox News to support the inclusion of Bitcoin in the state reserve. Donalds took the initiative to say without being asked: Digital assets have found a home in Miami-Dade County. We hope to continue to develop on this framework. For the states investment portfolio, I hope to be able to include Bitcoin as part of the states fiscal investment portfolio.
Donalds emphasized that Bitcoin has proven to be an excellent store of value and wealth, and that including it in the state balance sheet will help to cope with possible future economic storms. He also said: Florida will become the worlds financial center, not only the United States, but the worlds financial center.
7. Mining News
Belarusian President orders development of cryptocurrency mining to generate revenue from excess electricity
On March 5, Belarusian President Alexander Lukashenko instructed the new Minister of Energy to develop the countrys cryptocurrency mining industry to make full use of excess electricity resources. The decision came as Lukashenko formed a new government, and he also emphasized that the current priority is to upgrade the countrys 5,700-kilometer power grid to meet the growing electricity demand of households and economic activities.
US authorities released some of the seized mining machines, but industry insiders said a large number of equipment are still stranded
On March 6, the U.S. authorities recently began to release some of the previously seized Chinese-made cryptocurrency mining machines. Industry insiders revealed that as many as 10,000 mining machines were previously stranded at various ports of entry in the United States. Taras Kulyk, CEO of Synteq Digital, said that thousands of devices have been released, but he said that some U.S. Customs and Border Protection (CBP) officials have made things difficult for the crypto industry, causing miners to face serious difficulties.
Although some mining machines have been released, Luxor Technology COO Ethan Vera said that most of the equipment is still being seized. He also revealed that the US had expressed concerns about the radio frequency emissions of mining machines, but the industry generally believed that these allegations were unfounded.
8. Bitcoin related news
Bitcoin holdings of global companies and countries (statistics for this week)
Corporate holdings
Metaplanet (Japan)
March 3: Increased holdings by 156 BTC, bringing total holdings to 2,391 BTC.
March 5: Another 497 BTC were added, bringing the total holdings to 2,888.
According to Metaplanets announcement, the company completed the large-scale exercise of the 13th and 14th series stock subscription rights through a third-party private placement, raising a total of approximately 12.97 billion yen (approximately 87 million U.S. dollars). Metaplanet plans to use the funds to continue to increase its holdings of Bitcoin to strengthen its digital asset investment strategy.
Boyaa Interactive (Hong Kong, China)
March 2: Increased holdings by 100 BTC at an average price of $79,500.
Total holdings increased to 3,350, with an average holding price of $58,627.
Canaan Technology (China)
As of December 31, 2024, the total bitcoin holdings are 1,355.
The mining computing power reached 0.93 EH/s in February, and the revenue in Q4 of 2024 is expected to be US$89 million.
MicroCloud Hologram (USA)
Plans to purchase up to $200 million in Bitcoin and cryptocurrency-related securities derivatives.
It holds $303 million in cash reserves and plans to invest in BTC-related technology development.
Meliuz (Brazil)
March 7: Announced that the company is officially entering the Bitcoin market as part of a new financial management strategy.
The Board of Directors approved the allocation of up to 10% of cash reserves to BTC.
First purchase: 45.72 BTC purchased, total value $4.1 million, average price $90,296.
Fold (USA)
March 9: Bitcoin service Fold announced that it had added 475 BTC to its vault, worth approximately $41 million.
Total holdings exceed 1,485 BTC, or about $130 million at current prices.
National holdings
El Salvador
March 4: 5 BTC were added, and the total holdings exceeded 6,100, worth approximately US$507 million.
March 5: Another BTC was added, and the current holding is 6,101.18.
In the past 7 days, 13 BTC were added, and in the past 30 days, 45 BTC were added, with a total value of over US$520 million.
Coinbase Co-founder: Bitcoin is the best choice for strategic reserves, and a crypto market value index can be launched to maintain fairness and justice
On March 3, Coinbase co-founder and CEO Brian Armstrong commented on social media that Trump is advancing the cryptocurrency reserve plan and said that in terms of asset allocation for strategic reserves, Bitcoin may be the best choice. As the successor to gold, Bitcoin has the simplest and clearest narrative. If people want more variety, they can index crypto assets by market value to maintain fairness. But it may be the simplest to just choose Bitcoin.
Gemini Lianchuang: Bitcoin is the only asset that meets the standard of value reserve asset
On March 4, Gemini co-founder Cameron Winklevoss posted on social media that he was excited about the cryptocurrency strategic reserve plan, but was surprised by the digital assets being considered. Bitcoin is the only asset that meets the standard of value reserve assets, and perhaps Ethereum also meets the standard. Digital gold and digital oil. This is similar to the physical reserves of the United States (such as the Kentucky vault, the Federal Reserve Bank of New York, etc.) and oil (strategic oil reserves). Other assets may also meet this standard in the future, but this is a very high threshold.
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Analysis: Bitcoin may reach $125,000 by the end of the year, and altcoins may perform better
On March 6, CK Zheng, founder of cryptocurrency hedge fund ZX Squared Capital, said that Bitcoin (BTC) could reach $125,000 by the end of the year, but other cryptocurrencies may perform better. Although the US tariff policy on Mexico and Canada seems to have taken effect, Zheng does not expect Bitcoin to fall below $75,000. He said: The market is volatile in the short term, but for long-term investors, this is a good opportunity to allocate Bitcoin.
“There is a correlation between Bitcoin and altcoins, but I think Bitcoin’s market dominance will decline,” Zheng told CoinDesk. “If you want the cryptocurrency ecosystem to really grow, you can’t have 60% of the market value concentrated in Bitcoin.”
Zheng believes that “new policies and regulations will drive a lot of innovative ideas and shake up the cryptocurrency industry. Although it may take some time to manifest — perhaps throughout 2025 and 2026.” ZX Squared Capital is bullish on cryptocurrencies such as Ethereum (ETH) and Solana (SOL) as benefiting from the new wave of innovation, especially projects that combine artificial intelligence and cryptocurrency. Zheng stressed that these smart contract blockchains need to continuously improve their throughput to remain attractive (for Solana) or regain the initiative (for Ethereum).
Reactions to Trumps Strategic Bitcoin Reserve
Bitwise CIO: Good for Bitcoin in the long term, but the short-term market reaction is uncertain.
Coinbase executive: The move is expected to reduce about $18 billion in Bitcoin selling pressure.
Bitwise Research Director: The United States establishment of Bitcoin reserves will drive global purchases, reduce market concerns, and reduce the possibility of the government banning Bitcoin to zero.
Trader analysis: The market reaction was lower than expected and traders were disappointed because the reserve funds came from confiscated assets rather than government purchases, which reduced the buying pressure expected by the market.
Solana co-founder: This executive order is not a government rescue of the market, but an elimination of regulatory uncertainty. A stablecoin bill and bank deposit and access guidelines are still needed.
Grayscale Research Director: Bitcoin appreciation does not need to rely on US reserves, and the increase in adoption rate is enough to drive prices up.
Michael Saylor: Retweeted the photo of Trump signing the executive order on Bitcoin reserves, saying it will go down in history as a turning point in the financial and geopolitical landscape.
Standard Chartered Bank analysts: The United States can purchase Bitcoin in a budget-neutral manner by selling gold or using the exchange rate stabilization fund.
David Sacks: Bitcoin is scarce and valuable, and has strategic significance as a reserve asset; there has been no discussion of selling gold for Bitcoin, but budget-neutral purchases are being considered.
Offchain Labs CEO: US crypto reserves should focus on Bitcoin to avoid regulatory complexity, but Arbitrum is also worth paying attention to.
Zhu Su, co-founder of 3AC: The establishment of a strategic Bitcoin reserve by the United States has sent an important signal, making Bitcoin regarded as a digital bearer asset similar to gold and no longer regarded as a challenger to the US dollar.
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U.S. Treasury Secretary Benson: Will monitor the progress of any future Bitcoin acquisitions
On March 7, U.S. Treasury Secretary Bessant said: We strongly support our leading the development of cryptocurrencies worldwide. We need to introduce Bitcoin to our country. We will observe the progress of any future Bitcoin acquisitions, and the first thing to do is to prevent the government from selling Bitcoin.
IMF: El Salvador has not defaulted on its Bitcoin holdings, and the loan agreement is expected to take effect on April 30
On March 9, the International Monetary Fund (IMF) said that El Salvadors current purchase of Bitcoin did not violate the terms of the previously signed loan agreement, but it would negotiate on the matter. The agreement was passed on January 29 and published in the official gazette the next day, and is expected to take effect on April 30. Previously, the IMF announced the details of a $1.4 billion loan agreement, requiring the Salvadoran public sector not to voluntarily accumulate Bitcoin and restricting the government from issuing any debt or tokenized instruments linked to Bitcoin. However, Salvadoran President Nayib Bukele stressed that no matter what the IMF requires, the government will not stop buying Bitcoin, and said that even when Bitcoin was questioned in the early days, it never gave up, and will continue to increase its holdings now and in the future.
Analysis: Altcoins face regulatory uncertainty as Trump administration strengthens Bitcoin
On March 9, trader Eugene Ng Ah Sio recommended an analysis article about the White House Crypto Summit on a social platform, calling it an excellent analysis. The article focused on analyzing the Trump administrations latest crypto policy. The U.S. governments latest crypto policy strengthened Bitcoins dominance and proposed the concept of Digital Fort Knox, planning to convert confiscated crypto assets into BTC to further consolidate its digital gold attributes.
According to analysis, the policy mainly ensures that the crypto industry is no longer suppressed, including stopping bank bans and providing a certain degree of regulatory clarity, but it does not prioritize the development of the crypto industry, nor does it involve payment, DeFi and other fields. At the same time, Altcoins (such as XRP, ADA, SOL) have not received clear support, and future regulation remains uncertain.
In addition, members of the Trump family have previously voiced their support for Altcoins and hinted that they may promote a tax-free cryptocurrency policy, but Trump adviser David Sacks denied the claim and stressed that the crypto policy will not favor specific tokens. The market expects that if the divisions within the Trump team increase, future policy adjustments may still be possible.
White House: The United States will become the worlds Bitcoin superpower
On March 9, the White House published a statement on X stating that the United States will become the worlds Bitcoin superpower. Americas golden age has begun!
