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Crypto Market This Week: US Forges Ahead With Pro-Crypto Movers, Major Coins Still Volatile

Here's a brief collection of the latest buzzworthy crypto market updates reported by CoinGape Media over the past week.
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Crypto Market This Week: US Forges Ahead With Pro-Crypto Movers, Major Coins Still Volatile

Highlights

  • US President Donald Trump announces strategic Bitcoin reserve and crypto stockpile.
  • Donald Trump and David Sacks host the White House crypto summit.
  • BTC and top altcoins still face volatility.

The crypto market concludes another week with unprecedented developments sparking investor enthusiasm. A strategic Bitcoin reserve was announced in the U.S., whilst a crypto stockpile and summit followed. Simultaneously, despite the optimistic developments, BTC and major-league altcoins continued encountering market volatility.

Mentioned below are some of the most buzzworthy market updates reported by CoinGape over the past week.

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Crypto Market This Week Sees US Bitcoin Reserve & Crypto Stockpile

U.S. President Donald Trump announced a strategic Bitcoin reserve for America this week. This reserve is expected to encompass roughly 200,000 Bitcoins, which are currently held by the government through the cessation of funds involved in criminal and illicit activities.

Intriguingly, Scott Bessent and Howard Lutnick have been appointed officials who will focus on potential resources to help the reserve acquire more BTC ahead. Trump revealed that these BTC coins are also not to be sold ahead, offering the reserve more value.

Further, the nation expects to see a ‘crypto stockpile’ comprised of assets like Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP ahead, per Trump’s announcement. The main difference between the two sagas is that while the government will put efforts into acquiring more BTC, no active efforts for upsizing the crypto stockpile are to be made. Altogether, these were the major pro-crypto advancements in the U.S. this week.

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Crypto Summit: What’s The Scoop?

Simultaneously, the cryptocurrency market saw a White House crypto summit this week, which was hosted by President Donald Trump and Crypto Czar David Sacks.

Notably, Trump showcased strong efforts to end “Operation Chokepoint 2.0,” which has been putting regulatory pressure on banks, leading them to close accounts of crypto businesses. Further, the 47th U.S. President continued reflecting strong support for cryptocurrencies, hinting that the government’s stance is primed to be more favorable for digital assets ahead.

Overall, the Bitcoin reserve announcement, crypto summit, and a crypto stockpile launch ahead have sparked noteworthy market optimism.

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Bitcoin & Altcoins Still Volatile

However, despite the broader developments this week, BTC and major league altcoins face crypto market turbulence.

BTC price closed the week near $86K after riding a rollercoaster in the past seven days. ETH price lost nearly 2% and closed the week near $2,200. XRP price also faced turbulence and exchanged hands at $2.32 as the week closed, up by only 3% in 7 days. Lastly, SOL price lost 3.5% weekly and rested at $138, in line with the broader market trend.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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