Last week, cryptocurrencies slowed down due to political uncertainty and recent executions. Now, Trump will sign another major order next week that could impact the market. Will it increase BTC or increase more volatility? Share your predictions!
Crypto market moves last week
Last week, Trump and the White House took many major actions on the cryptocurrency market, due to the volatility of traditional finance global markets driven by geopolitical tensions and tariffs. Let’s briefly introduce 5 key points of the crypto market and political situation last week!
Trump locks in “never sell” Bitcoin policy
“The United States will follow the rules that every bitcoin knows – never sell your bitcoin.” His executive order prohibits the government from selling bitcoin in its reserves, adopting a wider range of institutions, clearer regulations and deeper cryptocurrencies into mainstream finance. Over time, it can help the United States develop global crypto standards, foster innovation and enhance its geopolitical influence.
Bitcoin reserves funded by seizure assets
The reserves start with 198,100 BTC ($16.7B) seized through law enforcement actions. The move could set a precedent for other countries to normalize sovereign cryptocurrency holdings while raising legal and policy issues regarding asset seizures.
Stablecoins that support the dollar’s reserve state
Finance Minister Scott Bessent confirmed that the dollar will remain the global reserve currency, but they will integrate Stablecoins to improve the country’s financial situation. While this may drive mainstream adoption, it also reviews regulatory oversight and financial stability.
Bitcoin and other crypto assets
The executive order creates “U.S. Digital Asset Inventory” for non-specific cryptocurrencies such as XRP, Solana and Cardano. While the brief mentioned by Trump has raised prices, White House officials have underestimated speculation, saying these are just examples of large-cap cryptocurrencies.
“Digital Fortress” without taxpayer funds
Trump’s crypto assistant David Sacks promises that taxpayer funds will not be used to purchase digital assets. Despite speculation that gold reserves are being sold to expand strategic bitcoin reserves, Saxophone clarified that such discussions have not yet been conducted to open up future strategies.
Trump’s new executive order tomorrow
according to Fox BusinessTrump will sign an executive order tomorrow that will be related to cryptocurrencies, as the public expects and predicts. The market is still in red despite Trump signing a new executive order on March 9 to establish a U.S. Bitcoin Reserve Fund. In fact, both Bitcoin (BTC) and Ethereum (ETH) hit new lows, which had no immediate positive impact on the announcement.
Looking ahead, another executive order is expected to be made in the second half of March 10 (US time), which may focus on macroeconomic policies such as tariffs, government spending controls and the U.S. economy. This could have a significant impact on financial markets, including encryption.
Stay tuned for all the details of Trump and the White House later tonight!
BTC price forecasts this week remain uncertain
In addition to the volatile political situation and unpredictable volatility in traditional financial and crypto markets, experts and analysts predict that the market will be frustrating and melancholy next week. Today, the price of Bitcoin continues to drop to $80,000, which is described as an “ugly starting point” this week. Bitmex co-founder Arthur Hayes warned that Bitcoin could re-estimate $78,000, and if that level rests, it could be $75,000.
An ugly start to the week. look like $ btc Will be retested for $78K. If it fails, the next one in the crosshair is $75K. $70-$75K has a lot of options, and if we get into that range, it would be violent. pic.twitter.com/q4cq0rthgj
— Arthur Hayes (@cryptohayes) March 9, 2025
As a result, the market has been highly volatile over the past two weeks, with BTC volatility between $80,000 and $95,000. Trade tariff news and much of the campaign announced by the White House cryptocurrency have fueled the campaign. Apart from uncertainty, a large number of Bitcoin options activity ranges from $70,000 to $75,000, which could lead to price fluctuations if Bitcoin enters this range.
In addition, investor sentiment has taken a hit, with 70% of traders who bought Bitcoin in the last three months coming from traders. Analysts believe the decline is a sign of new investors’ panic sales. Now, the Bitcoin Fear and Greed Index has fallen into “extreme fear”, reaching 20 points on March 10.
Source: Binance Square Official
Going forward, Bitcoin’s price action may remain unstable as two key U.S. inflation reports will be released this week. If inflation continues to rise, it could impact Fed policy and impact wider financial markets, including cryptocurrencies. Meanwhile, geopolitical tensions are escalating after Trump’s trade policy, and Canada imposes retaliatory tariffs on the United States. This increased uncertainty could further impact global markets.
