Why did XRP, Solana and Cardano Drop gone despite Trump’s pushing for encryption? – Tradingvief news

XRP, Solana, and Cardano, Three Altcoins is among the cryptocurrencies announced by Trump as part of a new strategic reserve of encrypted currencies, facing a declining momentum despite the previous excitement. The US President announced a strategic reserve for Bitcoin, with the exception of the main altcoins such as XRP, Solana (Sol) and Cardano (ADA).

According to Coinmarketcap, XRP, Sol and Ada were traded at $ 2.53, $ 146 and $ 0.8831, respectively, at publication time. Prices represent a decrease of 2 % and 5 % in the daily price scheme, respectively.

XRP, Solana, Cardano, Source: Coinmarketcap

The last step by the American administration has caused a sharp sale, which led to the elimination of the last upscale momentum. The encryption market, which expected a diverse reserve, is facing uncertainty now as traders look forward to the next White House encryption. At the time of publication, the global market evaluation decreased by 1.45 % to $ 2.93 trillion, according to Coinmarketcap.

Altcoins decline as the strategic reserve focuses on

Bitcontrump decision to reduce the US government’s encryption reserves to Bitcoin, regardless of the uniform assets BTC, sent a shock across the market.

Over the past 24 hours, XRP, Solana and Ada reflected gains from early optimism that a broader group of symbols will receive government support. Bitcoin itself was not immune, as it was immersed 1 % of its highest levels 24 hours to more than 93,000 dollars to about 88,000 dollars.

Meanwhile, Dogecoin had risen for a long time earlier in the week after the ARCA file on the New York Stock Exchange at the Arca Transded (ETF) box from Bitwise, Coindsk said. Some merchants speculate that Dog may be included in the strategic Trump reserves, leading to a price jump more than 10 %. However, with no formal infection in the reserve, these gains quickly faded, and Dogs joined Altcoins in a sharp decrease.

The market has been shook, and attention is now turning into the top of the White House encryption scheduled for March 7. However, expectations are still low. Despite doubts, some market participants see potential surprises.

XRP, Source: CoinMarkcap

Trump reserves move to move Trump’s policy

Trump’s social media publications earlier this week name Bitcoin, Ethereum, XRP, Solana, and Cardano as part of the reserve initially motivated the optimism of the market. However, his later clarification that only bitcoin will get active government support while other assets will limit the seized holdings.

Currently, encryption dealers amend their strategies amid continuous volatility. While Bitcoin remains the main focus of Trump’s backup plan, Altcoins is struggling to restore momentum.

All eyes are now on the Crypto Copy of the White House for any unexpected political transformations that can restore investor confidence. Until then, the market remains on the edge of the abyss, with merchants warning of more negative risks.