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Former VP of Bitcoin mining firm Riot Platforms Pierre Rochard has reignited tensions within the crypto community by calling for XRP supporters to “unconditionally surrender” and fully adopt Bitcoin. The dispute unfolded on social media platform X following latest developments in the U.S. government’s approach to digital asset reserves. In an earlier tweet, Rochard had advocated to the crypto industry to move past tribalism and unite under Bitcoin . His comments arose alongside reports that the U.S. government was considering a national crypto reserve that would include Bitcoin, Ethereum, XRP, Solana, and Cardano. However, by March, only a Bitcoin-focused reserve had moved forward. Rochard then reposted his original statement with the caption: “This aged well.” Notably, the government disclosed plans to hold altcoins without direct acquisition. Rochard’s remarks drew a response from XRP enthusiast Cort Hessler, who accused him of fueling division within the crypto space. Hessler accused Rochard of being the main instigators of division within the crypto space. For context, Rochard had previously targeted the Ripple CEO, calling him the “biggest obstacle” to Bitcoin reserve. instead, Hessler urged Rochard to stop fueling conflicts and suggested that since Bitcoin had already secured government backing, Rochard should leave the XRP community alone and focus on BTC instead. Related: Ripple CEO Lauds White House Crypto Summit, Calls for Industry Unity In response, Rochard asserted that social media is an open platform where users control their own experience. He argued that if anyone took issue with his posts, it was their responsibility to mute or block him. The debate escalated when Rochard stated he is “happy to stop the fighting after the XRP space unconditionally surrenders and fully adopts BTC.” Hessler rejected this outright, stressing that such a shift would never happen. The exchange highlights the divide between Bitcoin maximalists, who believe BTC is the only legitimate cryptocurrency, and supporters of other digital assets. The U.S. government’s decision to prioritize Bitcoin in its strategic reserve has only intensified these divisions. Related: Crypto Market Crash: Bitcoin Dumps as Trump’s “Strategic Reserve” Backfires The move disgruntled investors who had anticipated fresh demand. And the disappointment triggered a sell-off sending Bitcoin’s price tumbling. As of writing, Bitcoin is trading at $82,719, a 3.8% drop in the past day. XRP has followed suit with a 4.4% drop to trade at $2.22 in the same period. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Bitcoin’s price has left many investors confused after it dropped below $84,000. Despite strong bullish factors over the past week, its recent price movement is far from the high expectations set by analysts following the announcement of the Strategic Bitcoin Reserve. Bitcoin is currently trading at $80,909, down over 6% in the past day. Bitcoin has dropped 3.37% over the past week, with trading volumes down 53%. Despite the declining figures, Bitcoin whales are actively buying, accumulating more than 22,000 BTC in just three days. Despite a week full of positive news, including the signing of an executive order for a Strategic Bitcoin Reserve, a Crypto Summit at the White House, and encouraging statements from the OCC, Bitcoin’s price is unexpectedly falling and could drop below $80K. An analyst expressed surprise, saying that in his 8 years with Bitcoin, he never seen the price action so out of sync with the news. This week was one of the most bullish in Bitcoin’s history, yet the market is facing decline. Several factors are behind Bitcoin’s recent price drop. Macroeconomic issues, like new tariffs from the US, have sparked sell-offs in Bitcoin and other cryptocurrencies. Besides, the release of the non-farm payrolls (NFP) report on Friday suggests that the Federal Reserve might tighten monetary policy, which could hurt Bitcoin’s price. Experts noted that while the executive order for a Strategic Bitcoin Reserve and the Crypto Summit were positive, the lack of concrete policies might have cooled investor enthusiasm. Bitcoin’s decline is also dragging altcoins down, with ETH, XRP, and BNB losing over 6%, 6% and 4% respectively in the last 24 hours. #BTC

Fears of a looming recession, coupled with escalating trade tensions between the US and Canada, triggered Bitcoin price drops and altcoin sell-offs on Sunday night. Speaking on Fox News’ Sunday Morning Futures, Trump avoided directly addressing recession possibilities in 2025, saying he hated predicting “things like that.” He emphasized his economic policies aim to bring wealth back to America, though the transition may take time. Trump’s tariffs on imports from countries like Canada, Mexico, and China have been a source of market volatility. Despite this, the US President defended his approach as necessary for achieving his economic goals. Also on March 9, Mark Carney, a former governor of the Bank of Canada, won the Liberal Party leadership election, replacing Justin Trudeau as Canada’s prime minister. The new prime minister-elect went off on Trump in his first speech, stating that Trump won’t succeed in his trade war with Canada. “America is not Canada. And Canada never, ever, will be part of America in any way, shape or form,” Carney said. Trump has repeatedly referred to Trudeau as the “Governor” of Canada, suggesting that Canada would be better off as the 51st U.S. state. “My government will keep our tariffs on until the Americans show us respect,” he said. Canada has imposed 25% tariffs on US consumer goods in retaliation to Trump’s tariffs. Bitcoin fell below $81,000 following Carney’s victory, according to CoinGecko data . At press time, BTC recovered slightly above $82,000, down 4% in the last 24 hours. Market turmoil deepened as Bitcoin declined. Ether and XRP each shed more than 6%, while Dogecoin dropped over 10%. Other top coins like BNB, Solana, Cardano, and TRON also saw significant losses, while lower-cap tokens such as Injective, Maker, and Render experienced double-digit drops. The total crypto market capitalization decreased 6% to $2.8 trillion within a day. Leveraged liquidations reached $600 million, with approximately $530 million in long positions eliminated, according to Coinglass data . The Atlanta Federal Reserve’s GDPNow model has revised its forecast for the first quarter of 2025, predicting a GDP contraction of 2.4%. This downward revision reflects weaker-than-expected consumer spending and a widening trade deficit, raising concerns about a potential recession. The market turbulence continued after Trump’s Thursday executive order establishing a Strategic Bitcoin Reserve , which initially sparked selling pressure due to limited details about funding beyond existing US-held Bitcoin. US Treasury Secretary Scott Bessent said Friday that discussions are underway about additional BTC acquisitions, but the first step is to halt the sale of seized Bitcoin. He also noted that while the current focus is on Bitcoin, the broader strategy is to establish a comprehensive crypto reserve. While some analysts view the reserve’s creation as formal recognition of Bitcoin’s role as a strategic asset, positioning it alongside traditional reserves like gold, this recognition has not translated into immediate market confidence. Crypto community members also had mixed reactions to the White House Crypto Summit held after the executive order. Speaking at the event, Chainlink co-founder Sergey Nazarov expressed optimism that US officials are now actively engaging with the blockchain and crypto industry, which he believes could help the country stay at the forefront of financial innovation. “Me and other people in the room do believe that the crypto, blockchain, Web3 infrastructure is the next iteration of the financial system,” Nazarov said. “And I think that the US should have its leadership position continue in that new financial system.” Multicoin Capital managing partner Kyle Samani also viewed the event positively, labeling it a “historic moment” for crypto. In contrast, Coin Bureau CEO Nic Puckrin and Bitcoin maximalist Justin Bechler expressed disappointment, questioning the summit’s impact and criticizing its approach.