Bitcoin reserves failed to raise encryption prices

The cryptocurrency in the red region has launched despite the long -awaited decision on the strategic bitcoin reserves in the American encrypted currencies, approximately 3 percent over the past 24 hours, with constant concern before the decisive unnoticed salary data from the United States that has been added to the disappointment surrounding the creation of Bitcoin reserves.

President Donald J. On Thursday, Trump is an executive to create a strategic reserve for Bitcoin and US digital assets.

Bitcoin strategic reserves will be obtained with Bitcoin owned by the Treasury Ministry that has been confiscated as part of the procedures for confiscating criminal or civil assets. Other agencies evaluate their legal authority to transfer any bitcoin owned by the aforementioned reserve. The United States will deal with Bitcoin as a backup asset and will not sell Bitcoin deposited in this reserve. It also allows the treasury and trade secretaries to develop neutral budget strategies to gain an additional bitcoin, provided that no gradual costs are not imposed on American taxpayers.

The presidential order also created a stock of American digital assets, which consists of digital assets other than bitcoin owned by the Treasury Department, which was confiscated in the procedures for confiscating criminal or civil assets. However, the government will not get additional assets for US digital asset stocks outside those obtained through confiscation procedures. The Treasury Secretary states that the responsible supervision strategies, including potential sales of US digital assets.

Development is assumed to be important before the first White House encryption summit, scheduled for Friday. but, Markets He had expected more in the Bitcoin Reserve and it appears to be disappointed that there was no explicit government purchases for the reserve.

At the total level, Market Spotlight has operated monetary policy forecasts at the Federal Reserve Bank, and the maximum price stability and the maximum employment as well as the risks to these. With the uncertainty in the collective tariff that views the impact of price pressures and job discounts in the federal government that close the labor market expectations, all eyes are now on the monthly job data for February.

On Friday morning, the United States Statistics Office is expected to reveal the addition of 160,000 to the non -cultivated salary statements in February, an increase of 143,000 registered in the previous month. However, the unemployment rate is expected to remain fixed at 4 percent. The average clock profit is expected to decrease on a monthly basis to 0.3 percent from 0.5 percent in the previous month. On an annual basis, the average profit per hour is seen at 4.1 percent.

The weekly data issued by the US Department of Labor on Thursday showed the initial unemployment demands for the week ending March 1 to 221 thousand from 242 thousand in the previous week. The markets expected to drop to only 235 thousand. The moving average for four weeks for initial demands, which are blessed in any fluctuations from a week to a week, yet it rose to 224.25 thousand from 224 thousand in the previous week.

Although the markets digest the Bitcoin reserve creation and awaited anxiously to salary data, the total market value decreased to $ 2.93 trillion, which means a loss overnight by 2.96 percent. More than 65 percent of the 100 best encrypted currencies are traded with night losses.

Hibudi feelings are hesitant to coded currencies in ETF markets as well. External flows of Bitcoin -based ETF products in the United States recorded $ 134 million on Thursday. ETHEREUM products based on ETHEREUM have witnessed external flows of $ 10 million on the same day.

Bitcoin (BTC), which dominates 60.5 percent of the total encryption market, threw more than 2 percent during the night to trade at $ 89172.27. It is currently being traded by 18 percent less than its height at 109,114.88 dollars registered on January 20. The original cryptocurrency has been trading between 91,564.82 dollars and 84,717.68 dollars during the past 24 hours. Despite the weekly gains of 11.2 percent, the leading cryptocurrency is traded with 8.8 percent losses on the horizon for 30 days and 4.5 percent year on an annual basis.

Ethereum losses are higher at 3.8 percent over the past 24 hours. Despite the 3.6 percent weekly gains, the leading alternative currency has decreased by 21 percent over the past thirty days and 34 percent so far in 2025. The current trading price in ETHER of $ 2,198.04 is less than 55 percent. The most valuable alternative currency that dominates 9.04 percent of the total encryption market ranged between $ 2300.51 and 2,103.47 dollars in the past 24 hours.

3RD ranked XRP (XRP) by 3.2 percent during the night for trading at $ 2.54, or about 34 percent lower than the highlands that were absolutely touched in January 2018. However, the cryptocurrency increased by 25 percent last week.

BNB (BNB) ranked fifth by 0.08 percent during the night at the current trading price of $ 601.92. BNB is currently trading by 24 percent less than its highest level ever on December 4, 2024. Despite the weekly gains exceeding 5 percent, the cryptocurrency has lost more than 14 percent so far in 2025.

Solana’s price fell sixth by 5.2 percent. With 9.8 percent weekly gains, Sol is currently trading at $ 143.82, or about 51 percent of the record on November 23, 2024.

Cardano ranked eighth (ADA) by 7.9 percent during the night to trade at $ 0.8821. ADA is currently trading by 72 percent less than the record that was touched in September 2021.

Dogoin (DOGE) decreased by almost 3 percent overnight for trading at $ 0.2040. After you gained more than 10 percent last week, DOGE is traded by 72 percent less than the previous peak that was limited in May 2021.

TRX (TRX) ranked ten by 0.3 percent during the night, trading at $ 0.2420. TRX 7.8 percent gained last week. Trading price is 45 percent lower than the coded currency ever on December 4, 2024.

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