Crypto Market Crash: Bitcoin Dumps as Trump’s “Strategic Reserve” Backfires

• Bitcoin nosedived 5% in the past day, crashing from $86,187.90 to $82,200.
• The decline was followed by $616.7 million in liquidations across the market.
• This crash comes likely from Trump’s stubborn stance on tariffs on other countries.

Bitcoin took a big hit, dropping fast from $86,187.90 to $82,200 in just hours. Other cryptos also fell hard. Ethereum (ETH) went down 6%, SOL lost 8%, and Dogecoin (DOGE) dropped sharply by 10%. 

This downturn caused $616.7 million in liquidations across the crypto market, affecting 225,578 traders in the last day, data from Coinglass shows. The biggest single sell order, worth $32.09 million, happened on Binance.

Trump’s Bitcoin Reserve Plan Fails to Boost Market

This was the result of crypto market participants hoping for a bullish outcome from the US government’s new crypto strategy being left disappointed. 

The so-called “Strategic Bitcoin Reserve” failed to provide the expected boost. Instead, a combination of regulatory uncertainty and geopolitical tensions triggered extreme fear across the market, with the Crypto Fear and Greed Index sinking to a worrying 17.

Trump’s Strategic Bitcoin Reserve Plan Disap…

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