Trump Orders Establishment of Bitcoin Strategic Reserve for the US
US President Donald Trump has ordered the establishment of the Bitcoin Strategic Reserve to hold Bitcoins seized by the government as a long-term reserve. He also requested the creation of a separate crypto stockpile containing other seized digital assets. White House crypto advisor David Sacks stated that ways to acquire more Bitcoin without adding additional burden to the government’s budget will be explored. However, for now, the reserve will only be limited to assets seized by the government.
Following this announcement, the price of Bitcoin fell 5 percent to $85,000. Altcoins such as Ethereum (ETH), Ripple (XRP), Cardano (ADA) and Solana (SOL) also lost between 4 and 8 percent. Investors seem disappointed that the government is not making new Bitcoin purchases. The announcement comes just ahead of the White House’s crypto summit, where the Trump administration will discuss crypto policies with industry leaders.
Ethereum’s Pectra Update Delayed Due to Testing Issues
Ethereum developers have delayed the major Pectra update due to testing issues with the testnet deployments. The update requires more testing due to finality issues on the Holesky testnet and will continue to be tested temporarily via a “shadow fork” method. While it was stated that this process could take a few more weeks, a clear timetable for the mainnet has not yet been determined.
The update also experienced a hitch on the Sepolia testnet due to a bug with private deposit contracts, but the issue was quickly fixed. The first phase of Pectra will bring significant innovations such as increasing the staking limit and the ability to pay gas fees with stablecoins. A new date is expected for the update, which was originally planned for mid-March. Amid these uncertainties, Ethereum (ETH) is trading at $2,200, down 1%.
Trump Brings Exemption to Mexico
US President Donald Trump announced that he is postponing tariffs on many products imported from Mexico until April 2. After meeting with Mexican President Claudia Sheinbaum, he announced that products covered by the United States-Mexico-Canada Agreement (USMCA) will be temporarily exempt from the tariffs. However, Trump continued his criticism of Canada and targeted Prime Minister Justin Trudeau. Commerce Secretary Howard Lutnick stated that it is “likely” that all products that comply with the USMCA will be exempted.
Trump’s trade policies create significant uncertainties. Trump, who first promised to impose tariffs on Canada and Mexico, postponed this plan by a month last month. On Tuesday, he imposed a 25% tariff on all products coming from Mexico and most products coming from Canada. Trump, on the other hand, blames the trade deficit on the Biden administration, arguing that these policies will strengthen the US economy.
World Liberty Financial Increases Bitcoin and Ethereum Purchases
Trump-backed World Liberty Financial purchased $10 million worth of Ethereum (ETH), $10 million worth of Wrapped Bitcoin (WBTC), and $1.5 million worth of Movement (MOVE) tokens ahead of the White House crypto summit. The large purchase was revealed by blockchain data tracker Arkham Intelligence. In addition, the Sui (SUI) team announced that it will collaborate with World Liberty Financial.
The Trump administration plans to add digital assets such as Bitcoin, Ethereum, and Solana to government reserves. However, these developments are causing volatility in the market amid trade tariffs and economic uncertainties. While President Trump’s pro-crypto policies continue to attract great attention in the crypto asset sector, it is a matter of curiosity how the White House summit will direct the markets.
Texas Senate Passes Bitcoin Strategic Reserve Bill
The Texas Senate passed bill SB-21 by a vote of 25-5 on March 6. This bill aims to create a strategic reserve of Bitcoin and other crypto assets. The bill, introduced by State Senator Charles Schwertner, envisions holding valuable and scarce assets like Bitcoin in order to strengthen Texas’s fiscal position. Against concerns that Bitcoin will rival the US dollar, the bill states that it is seen as having a value similar to gold. Initially covering only Bitcoin, the bill was revised to include other digital assets after President Trump ordered the creation of a digital asset stockpile in February 2025.
David Sacks Criticizes Past US Bitcoin Policies
The new US crypto and artificial intelligence chief David Sacks said the government’s timely sale of Bitcoin assets cost taxpayers billions of dollars. He emphasized that the US, which sold 195,000 BTC for $366 million in the past, would have been worth more than $17 billion if it had held on to these assets.
President Trump is expected to announce the “Bitcoin Strategic Reserve” plan at a crypto summit on Friday. While it was stated that the reserve would be mostly BTC, the inclusion of assets such as XRP and ADA had sparked debate in the industry.
New York Takes Tough Crypto Scams
The New York State Assembly has introduced a new bill that includes tough penalties against crypto scams. The bill, called Assembly Bill 6515, aims to punish crimes such as rug pull (defrauding investors and exiting the project) and private key theft. It is stated that developers will be considered guilty if they sell more than 10% of the tokens they create within five years; small-scale NFT projects are excluded from this rule. Unauthorized access to private keys is also included in the scope of the crime, and developers are required to disclose their token holdings on their main websites in order to provide transparency.
If the bill becomes law, individuals could be subject to fines of up to $ 5 million and prison sentences of up to 20 years for violations. Legal entities, such as companies, could face fines of up to $25 million. If passed, the law will come into force within 30 days, and authorities will outline regulations for its implementation in advance.
Russia Rejects Crypto from National Reserves
Russian Deputy Finance Minister Vladimir Kolychev has ruled out holding crypto assets in the country’s National Wealth Fund (NWF). Kolychev said the fund would not invest in crypto due to its high volatility, and stressed that reserves should consist of assets that can be liquidated quickly.
Russia has announced that it has no plans for a state-backed crypto reserve, despite implementing regulations such as Bitcoin mining and crypto taxation. However, some lawmakers advocate using Bitcoin as a strategic reserve in the face of Western sanctions.
Japan Cuts Crypto Capital Gains Tax to 20 Percent
Japan’s ruling Liberal Democratic Party (LDP) is moving toward a comprehensive reform of cryptocurrency regulations. The reform would reduce the capital gains tax on crypto assets to 20 percent and classify digital assets as a separate asset class from securities. The LDP also proposes that crypto derivatives trading be subject to the same tax treatment as spot investments, and that taxes on P2P swaps be calculated only when the crypto asset is converted into fiat money.
Japan has historically been cautious about digital asset investments, but with these reforms, it is taking a more open stance on crypto assets and moving away from investing in U.S. debt instruments. The Japanese government is pursuing a balanced regulatory policy that supports innovation while also considering consumer protection, and will continue regulations on crypto tax reforms in 2025.
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BITCOIN (BTC)
BTC is priced at $87,705 as of the morning hours, losing 2.15%. Closing yesterday with a negative trend, BTC started the new day close to support levels. If the upward movements continue, the $89,248 level can be expected to be tested first. If this level is exceeded and maintained above, the $92,549 and then the $94,604 levels can be met as the next resistance points.
In a possible negative trend, $86,673 is the first intermediate support. If this level is broken, $84,683 will stand out as the main support. If the selling pressure increases, a pullback to the levels of 83,273 and 82,440 may be seen. In particular, falling below the 82,440 level could trigger a deeper decline towards the $ 78,459 levels.
ETHEREUM (ETH)
ETH is priced at $ 2,164 as of the morning hours with a 1.45% loss in value. ETH started the new day close to the support zone. Currently, the $ 2,153 level is followed as support. If this level is dropped below, a pullback to the $ 2,075 level may be seen. In a deeper decline, the $2,000 and $1,908 levels stand out as critical support areas.
In upward movements, the $2,265 level can be met as the first resistance point. If this level is exceeded, the $2,355 level can be tested. For a stronger rise, the $2,429 and $2,553 levels will need to be exceeded. In particular, the $ 2,553 region stands out as a critical level where selling pressure may intensify.
RIPPLE(XRP)
XRP is priced at $ 2.50 as of the morning hours with a 3.94% loss in value. For XRP, which fell to $ 2.37 during the night and recovered quickly, in order to continue the upward movement, the $ 2.55 level must first be exceeded and maintained above it. In this case, the $ 2.63 and $ 2.71 levels can be targeted. In a stronger bullish scenario, the $2.78 and $2.90 levels can be followed as critical resistance points.
In possible downward movements, the first support level stands out as $2.46. If this level is broken, the $2.41 and $2.37 support levels can be tested. In the event of a deeper decline, the $ 2.25 level stands out as a critical point where buyers can step in again.
AVALANCHE (AVAX)
AVAX is trading at $20.42 as of the morning hours, losing 2.76%. Approaching the 19.74 support level with the decline in the morning hours, AVAX recovered somewhat with the reaction it received from here. If the upward movement continues, the 21.03 level stands out as the first resistance point. If this level is exceeded, the 21.83 and 22.92 zones can be followed as resistance.
In the negative scenario, the 19.74 level is followed as important support, while if this zone is lost, the 18.96 level may come to the fore. Further below, the 17.34 level stands out as the critical support area where buyers can concentrate.
SOLANA (SOL)
SOL is priced at $141.45 as of the morning hours, losing 1.25% in value. SOL, which experienced a decline with sales from the 147.06 resistance in the morning hours, is close to the 139.58 support. In the positive scenario, if the price recovers and exceeds the 147.06 level, the 155.25 and 160.80 levels can be followed as resistance.
In the negative scenario, if the 139.58 level is lost, the 135.47 support may come into play. In closings below this level, the $ 125.22 region can be monitored as a critical support where buyers can concentrate.
