If China has not yet sold its 195,000 Bitcoin seized from the PlusToken Ponzi scheme, it could use the funds to make a reserve rivaling the US.

Bitcoin bulls are already reclaiming a BTC price slide which came after the Bitcoin Strategic Reserve executive order fell short of market expectations.

President Donald Trump’s executive order confirmed that Bitcoin is “no longer an outsider” among global financial assets.

Swan Bitcoin CEO Cory Klippsten tells Cointelegraph that while Bitcoin is in a consolidation phase, he doesn’t see that “stretching into long-term sideways movement.”

The US Strategic Bitcoin Reserve will initially be funded by Bitcoin forfeited to the Treasury, which controls an estimated 198,109 Bitcoin forfeited or seized in criminal cases.

Memecoin activity flourished after the launch of US President Donald Trump’s TRUMP memecoin on Jan. 18, but fell off after “Libragate.”

NFTs last year had their worst year since 2020, recording $13.7 billion in trading volume and under 50 million in sales, according to DappRadar.

A US strategic Bitcoin reserve “dramatically increases the likelihood that other nations will establish strategic Bitcoin reserves,” says Bitwise's Matt Hougan.

Douro Labs CEO Mike Cahill tells Cointelegraph that if the crypto markets stabilize, Ether is well-positioned to benefit from renewed liquidity and continued institutional interest.

Bitcoin's price tumbled after US President Donald Trump made a pledge not to sell any of the government’s current Bitcoin holdings but made no firm commitment to buying more.