Bitcoin Price Dips Below $116,000 After White House Releases Digital Assets Report

Bitcoin’s price briefly fell below $116,000 this afternoon following the release of the Trump administration’s highly anticipated Digital Assets Report, a policy proposal aimed at establishing the United States as the global leader in digital asset innovation.

JUST IN: White House officially publishes digital assets report, says they will “develop strategies that could be used to acquire additional bitcoin for the Reserve.”

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— Bitcoin Magazine (@BitcoinMagazine) July 30, 2025

President Trump’s executive orders established a Strategic Bitcoin Reserve. These reserves will be funded primarily through lawfully forfeited digital assets. The Bitcoin held in the reserve is intended to be kept, and the Treasury and Commerce also started developing strategies to acquire additional Bitcoin. Although, it is unclear at this time how much BTC is actually held in the reserve currently with reports claiming a large majority of the coins have been sold.

The report, prepared by the President’s Working Group on Digital Asset Markets, outlines a stance with bitcoin and other crypto that calls for regulatory clarity, protection of self-custody rights, lawful blockchain use, a ban on central bank digital currencies (CBDCs), and support for open access to digital financial infrastructure.

Bitcoin had risen 26% year-to-date ahead of the report’s release. Following its publication, the market saw a brief sell off as investors likely took potential profits by ‘selling the news’.

JUST IN: US Treasury Secretary Scott Bessent publishes “The road map to making America a crypto superpower”

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— Bitcoin Magazine (@BitcoinMagazine) July 30, 2025

Despite the dip, the report marks a shift away from the Biden administration’s regulatory approach. It directly criticized policies like Operation Choke Point 2.0, which pressured banks to cut ties with legal bitcoin and crypto businesses, and instead urged agencies to embrace technology-neutral policies and encourage lawful innovation in digital finance. The Trump administration’s new strategy emphasizes innovation, technological neutrality, and free-market competition.

“As of June 2025, President Trump’s approval rating among investors in cryptocurrencies was 72%…” stated the report. “The first quarter of 2025 saw venture capitalists deploy $4.8 billion into crypto and blockchain-focused startups, supporting industry forecasts of a 70% year-over-year increase in total venture dollars invested.”

Private surveys estimate that over 68 million Americans now own bitcoin or cryptocurrencies. Of those, 82% viewed June 2025 as a good time to invest, and 64% said Trump’s policies made them more confident in doing so. Institutional confidence was equally strong, with 83% of firms planning to increase their digital asset exposure this year.

The report presents the Trump administration’s strategy as a major shift meant to strengthen the US position in global crypto markets. It urges Congress to pass laws affirming the right to self-custody and peer-to-peer transactions and to establish clear jurisdiction between the SEC and CFTC to expand market activity. It also calls for an outright ban on CBDCs, citing risks to financial surveillance, privacy, and the sovereignty of the U.S. monetary system.

JUST IN:

White House Executive Director Hines says “We understand the importance of this Strategic Bitcoin Reserve.”

“We do believe in accumulation. There are countless ways we can engage in that.”

— Bitcoin Magazine (@BitcoinMagazine) July 30, 2025

This post Bitcoin Price Dips Below $116,000 After White House Releases Digital Assets Report first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

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