Bitcoin today 07/03/2025: BTC falls and altcoins plummet with US reserve announcement

• Trump announces Bitcoin reserve.
• Altcoins plummet after announcement.
• Bitcoin suffers decline.

Amid a nearly 4% drop in the broader market, the Bitcoin Today 07/03/2025 is trading below $90 after a considerable pullback in the last 24 hours. The asset even peaked above the $91 zone today, but did not sustain the movement and fell to the current level.

At the time of publication, the price of Bitcoin was quoted at US$ 89.009,99 with a decrease of 2.6% in the last 24 hours, equivalent to approximately R$ 517,563.18 BRL and € 82,041.22 EUR. In one week, BTC appreciated 11.5%.

After a week of optimism in the cryptocurrency market, driven by rumors of a possible diversified strategic reserve in the United States, President Donald Trump surprised investors by announcing a drastic change in plans. The initial proposal, which included the acquisition of a variety of tokens such as XRP, ADA and DOGE, was replaced by a strategy focused exclusively on government-seized Bitcoin (BTC), along with other cryptocurrencies that may be seized in the future. Yesterday, Trump signed an executive order authorizing the creation of a strategic Bitcoin reserve, putting the leading cryptocurrency in the spotlight of government digital asset policy.

The turnaround had an immediate impact on the market, with major cryptocurrencies such as XRP, Dogecoin (DOGE) and Cardano (ADA) seeing drops of up to 9% today. Bitcoin, despite being the focus of the country's new strategy, also suffered a setback, falling more than 4% in the last 24 hours after reaching a high of US$ 93 thousand.

The move generated a significant wave of liquidation in the market. According to data According to Coinglass, 24 traders were liquidated in the last 157.554 hours, with total liquidations reaching $533,67 million. The largest single liquidation order occurred on Bitfinex exchange worth $15,40 million.

In the same vein, following Bitcoin’s development, the main cryptocurrencies are registering considerable retractions in the last 24 hours. Ethereum is trading at US$2.195,23 with a 4.1% drop in its price. XRP is trading at US$2,53 with a 2.8% drop. Cardano is priced at US$0,8793 after registering a 7.2% drop. Solana cryptocurrency is showing a 5% drop and is trading at US$143,48. With a 2.9% drop, DOGE is trading at US$0,2043.

The market now turns its attention to the “White House Crypto Summit” event, scheduled for today, March 7. The expectation is that the event will bring more clarity on the US government’s strategy for the cryptocurrency sector and the future of the strategic reserve.