The crypto market experienced another intense week of volatility, with Bitcoin recording its largest weekly red candle ever. In a major development, President Trump signed an executive order establishing a U.S. Strategic Bitcoin Reserve and a Digital asset stockpile—a historic step toward government-backed crypto adoption. However, not all details met market expectations, leading to a classic “buy the rumor, sell the news” reaction.
At the same time, Wall Street’s opening on Monday triggered another sell-off as recession fears, institutional crypto outflows, and ongoing trade war tensions pressured the market. Analysts still consider this a bull market correction, but rising macroeconomic instability makes this one of the most unpredictable cycles in crypto history. Let’s break down the key events shaping the market this week in our weekly crypto news.
Trump Signs Executive Order for U.S. Bitcoin Reserve
On March 7, U.S. President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. This move marks a major step toward integrating Bitcoin and digital assets into the U.S. financial system.
The Bitcoin reserve will be funded using BTC seized from criminal and civil asset forfeiture cases—ensuring no taxpayer money is spent. White House crypto advisor David Sacks called it a “digital Fort Knox,” and confirmed that the reserve is intended as a long-term store of value, and that the U.S. will not sell its Bitcoin holdings. While ADA, XRP, and SOL are included, Bitcoin will make up the majority of the reserve.
Market Reacts: A Classic “Buy the Rumor, Sell the News” Move
While the announcement of a U.S. Strategic Bitcoin Reserve was a historic step for crypto, not all details met market expectations. The biggest disappointment for many investors was that the U.S. government would not actively buy more Bitcoin but instead use BTC seized from criminal cases. Hopes of large-scale government purchases quickly faded, causing the market to react.
Following the well-known “Buy the rumor, sell the news” principle, Bitcoin initially jumped 6% as speculation built around the executive order. However, once details were released and it became clear that additional BTC acquisitions were not planned, Bitcoin dropped 6% from $90,400 to $84,979. Ethereum, XRP, Solana, and Cardano also saw short-term price drops, with ADA leading losses at -9.19%.
This strategy—buying on speculation and selling when the news drops—is common in financial markets. Traders often anticipate good news and enter positions early but then sell as soon as the event happens, causing temporary dips.
Despite the short-term pullback, the market recovered quickly, with Bitcoin regaining lost ground. Many top industry leaders highlighted that this event is about much more than just BTC purchases—it sets a precedent for institutional and global adoption. Analysts believe the move will encourage other nations to establish their own strategic crypto reserves and reinforces Bitcoin’s legitimacy as a long-term asset, even if the short-term reaction was mixed.
Bitcoin Made Its Biggest Weekly Red Candle Ever—But for Now, It Still Looks Like a Correction
At the beginning of last week, Bitcoin suffered a major drop, closing the week with its largest red weekly candle ever. The price fell from $90,400 to a low of $76,700, reflecting a market-wide sell-off driven by growing macroeconomic fears and capital outflows, which we covered in our previous news.
On March 10, selling pressure continued as Wall Street opened, leading to another sharp decline in stocks and Bitcoin. Several key factors drove this downturn. Fears of a U.S. recession intensified after investment banks like JPMorgan and Goldman Sachs raised their recession risk forecasts, citing concerns over aggressive economic policies. At the same time, institutional outflows from crypto funds continued, while uncertainty surrounding U.S. government policies added to market instability,
Despite the significant drop, analysts maintain that this is still a correction within a bull market, rather than the beginning of a prolonged bear market.
A correction is a temporary price decline within an overall uptrend, often driven by short-term fears and market overreactions. In contrast, a bear market is a long-term downtrend, where negative sentiment dominates for months or even years.
Large investors have been accumulating, with wallets holding 10+ BTC adding nearly 5,000 Bitcoin since March 3, signaling confidence in a rebound. Analysts had already predicted a retracement to $70,000–$72,000 as part of a healthy bull market structure. Additionally, Bitcoin’s Lowest Price Forward model indicates strong support at $69K, making a deeper decline unlikely. While volatility remains high, these factors suggest Bitcoin’s broader bullish trend is still intact.
The market remains uncertain as trade wars escalate, recession risks rise, and interest rate cuts remain unclear. Unlike previous bull markets, macroeconomic instability is more pronounced, making it crucial to stay cautious and prepared for volatility.
Congrats to all beginners navigating these conditions—this is a true test of mental strength and offers valuable lessons. Staying informed is key, so make sure to read our latest updates.
