In the coming days, the results of the US government's crypto asset audit are expected to be published. This audit will be the first comprehensive accounting of cryptocurrencies held by the government.
Audit Results and Market Impact
BTC Inc CEO David Bailey stated that the audit results could shed light on recent Bitcoin price movements. Currently, Bitcoin is trading above $83,000, having increased by over 1% in the past 24 hours.
Announcement of Crypto Reserve
On March 2, US President Donald Trump announced the creation of a crypto reserve, including Solana, Cardano, and XRP, causing prices of these coins to rise. On March 6, Trump signed an Executive Order to establish a Strategic Bitcoin reserve and US Crypto Stockpile.
US Government Digital Asset Holdings
According to Arkham Intelligence, the US government currently holds over $16.9 billion in digital assets, of which $16.53 billion is in Bitcoin. The government also holds other cryptocurrencies, including ETH, BNB, and others.
The upcoming release of the audit results is expected to clarify the status of US crypto assets and their market impact.
