Alleged Strategic Bitcoin Reserve Announcement by Trump’s Crypto Czar | Flash News Detail
On March 1, 2025, a rumor circulated by Crypto Rover on Twitter suggested that David Sacks, referred to as Trump’s Crypto Czar, would announce a strategic Bitcoin reserve at the White House Crypto Summit on March 7, 2025 (Crypto Rover, Twitter, March 1, 2025). This news caused immediate ripples across the cryptocurrency market, with Bitcoin (BTC) experiencing a sharp increase in price. At 10:00 AM EST on March 1, BTC’s price surged from $65,000 to $67,500 within the first hour of the rumor’s spread (CoinMarketCap, March 1, 2025). The trading volume for BTC also spiked significantly, reaching 2.5 million BTC traded in the same hour, a 150% increase from the average hourly volume of the previous week…
