US Holds 187K BTC, Market Fears Sell-Off Impact
The Most Important Points at a Glance
- The US government currently holds 187,236 BTC, raising concerns about its influence on the market.
- Trump’s crypto summit disappointed many market participants as concrete policy measures were absent.
- The Bitcoin price dropped to $86,457 after the summit, signaling uncertainty about future market developments.
US Government as a Major Bitcoin Holder
US authorities currently own 187,236 BTC, a number accumulated through past seizures from cases like Silk Road and Bitfinex. These holdings have been partially liquidated in the past, often leading to increased market volatility.
Although the government has already sold parts of these reserves, it remains one of the largest Bitcoin holders. This raises questions: How will it handle these holdings in the future? If large amounts are released into the market, this could have significant effects on the Bitcoin price.
Trump’s Crypto Summit – Expectations vs. Reality
The crypto summit organized by Donald Trump was seen as a potential turning point for the industry. Many expected clear statements on regulatory changes or policy measures. Instead, the event remained focused on general remarks and praise for Trump.
Some industry representatives expressed disappointment. NFT trader Clemente criticized the summit as “embarrassing” and accused the crypto community of relying too much on political support. Economist Peter Schiff also called the event a “disgrace.”
Meanwhile, Coinbase CEO Brian Armstrong announced plans to hire 1,000 new employees in the US—a decision he attributed to Trump’s policies. The reactions to the summit show that the crypto community is divided: While some hope for regulatory relief, others see a departure from the original principles of decentralization.
Bitcoin Price Development After the Summit
Following the summit, the Bitcoin price fell to $86,457. Technical indicators such as the Relative Strength Index (RSI) at 42.50 suggest weak buying momentum. The On-Balance Volume (OBV) remains negative, indicating declining demand.
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Market observers had hoped that Trump’s pro-crypto rhetoric would trigger a price rally. However, since no concrete policy measures were announced, the market reaction remained subdued. If buying momentum does not strengthen, Bitcoin could further decline to $84,000. A rebound to $88,000 could be possible if market conditions improve.
Additionally, uncertainty remains regarding the US government’s Bitcoin holdings. Further sales could once again lead to volatility.
Our Assessment
The US government remains a significant player in the Bitcoin market. Its holdings could cause price fluctuations in the event of future sales. At the same time, the crypto summit highlights that political support for the industry is not guaranteed.
For investors, this means that regulatory uncertainty persists. In the short term, Bitcoin’s price could continue to fluctuate, especially if government sales or political developments create new momentum. In the long term, the key factors will be how the regulatory landscape evolves and whether Bitcoin can maintain its decentralized nature.
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $82,429.00 |
| 24h % | -4.00 % |
| 7d % | -11.28 % |
| 30d % | -15.68 % |
| 60d % | -12.43 % |
| 1y % | 20.46 % |
| Market Cap | $1,634,956,564,852.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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