What Crypto to Buy to Weather the Market Dump After Trump’s Executive Order On US Bitcoin Reserve

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What Crypto to Buy to Weather the Market Dump After Trump’s Executive Order On US Bitcoin Reserve - NewsBTC

Quick Summary:

Investors are rooting around today figuring out what crypto to buy, after President Trump’s Bitcoin executive order mandated no new federal government crypto purchases.

Year Amount Seized ($BTC) Estimated Value at Time of Seizure Notable Case 2013 30,000 ~$28 million Silk Road (FBI) 2016 119,756 ~$72 million Bitfinex Hack 2020 69,370 ~$1 billion Silk Road (Individual X) 2022 94,000 ~$3.6 billion Bitfinex Hack (Recovery) But even if there are good sides to something, it almost always comes down to how the markets react to these events.

Since the US government won’t do any crypto buying right now, investors started selling it off, leading to Bitcoin dropping 5% in value to around $87K.