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Bitcoin's wild week 😵💫
Pivots around Trump's strategic Bitcoin reserve and trade tariffs made for markets chaos all week long.
Andrew Hayward
March 08, 2025
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📝 What you need to know
This time last week, Bitcoin had just endured a rough stretch of days as the price plunged and ETFs outflows hit a new all-time peak. The following day, President Trump pumped the price of Bitcoin and other top assets with one Truth Social post (well, two posts), and the crypto faithful were riding high again.
And then it all came crashing back down on Monday as the traditional markets opened and reality struck. That was sort of the vibe all week, as Trump flip-flopped on tariffs against America’s neighbors while inflation fears hovered in the background. Traders had to keep their head on a swivel as markets shifted with each new pivot.
By the time Trump signed his executive order late Thursday to formally establish the strategic Bitcoin reserve and separate crypto stockpile for altcoins, traders sold the news, seemingly tapped out after a wild recent stretch of events. And while Friday’s White House crypto summit provided clarity on how Trump’s administration views Bitcoin and plans to proceed around IRS rules and legislation, it didn’t boost prices.
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