CoinEx Daily: Trump Signs Executive Order to Establish Strategic Bitcoin Reserve, Market Sees Another Sharp Decline

Overview

Trump has signed an executive order to establish a strategic Bitcoin reserve. Following this announcement, the market saw another sharp decline.

Daily Macro

Bitcoin Market Performance: Bitcoin dropped to $84,000 before quickly rebounding, currently trading around $88,000.

Bitcoin ETF: Net outflow of $83.7 million yesterday.

Ethereum ETF: Net inflow of $0 million yesterday.

Macroeconomic Data: President Trump signed an executive order to establish a strategic Bitcoin reserve. This reserve will be backed by Bitcoin seized in criminal or civil asset forfeiture proceedings and held as a store of value, with no plans to sell.

Daily Focus

BTC

Reason for Attention: Trump signed an executive order to establish a strategic Bitcoin reserve. The reserve will consist of Bitcoin seized through criminal or civil asset forfeiture, and the U.S. government has stated it will not sell any Bitcoin stored in the reserve, keeping it as a store of value.

Token Performance (24h):

BTC: -3.54%

How to Participate: The market has reacted strongly to this news, causing significant volatility in Bitcoin’s price. Investors should closely monitor market developments.

Next Focus

Federal Reserve

Reason for Attention: Federal Reserve Governor Waller stated at an event in New York that he does not expect a rate cut later this month. However, he still considers two rate cuts later this year as the baseline scenario.

How to Participate: The Federal Reserve’s decision on interest rate cuts will depend on multiple factors. Investors should stay informed about macroeconomic conditions.