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According to The Block, market anxiety has continued since Bitcoin's volatility reached its highest level of the year last Monday. According to data from The Block's dashboard, since Bitcoin's annualized volatility reached 59.4% on Monday, it has basically stabilized at about 58%. The volatility experienced in the past week is the highest level since December last year.However, unlike December last year when Bitcoin prices were continuously rising due to market expectations for a crypto-friendly Trump administration, in recent weeks, Bitcoin prices have been falling continuously and have fallen by more than 15% over the past month. The recent fluctuations in Bitcoin occurred after Trump signed an executive order aimed at establishing a strategic reserve of Bitcoins and meeting with top leaders in the digital asset field at a crypto summit. This executive order requires a comprehensive audit of digital assets held by the federal government, including approximately 200 thousand bitcoins (worth about $17 billion at signing). David Sacks, Trump’s “crypto czar,” stated that America will not sell off its bitcoin reserves but instead treat them as a digital version of Fort Knox (i.e., national strategic reserves).

The market shows that BTC has fallen below 82,000 US dollars, currently reported at 81,874.00 US dollars, a daily decrease of 1.44%.