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Reading: Altcoins Market Plummet 21% As Traders Abandon Risk Ahead of White House Summit
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Deythere > News > Market > Trading > Altcoins Market Plummet 21% As Traders Abandon Risk Ahead of White House Summit
MarketNewsTrading

Altcoins Market Plummet 21% As Traders Abandon Risk Ahead of White House Summit

Altcoins Market Plummet 21% As Traders Abandon Risk Ahead of White House Summit
Jane Omada Apeh
Last updated: March 4, 2025 10:36 am
By
Jane Omada Apeh
Published March 4, 2025
6 Min Read
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According to the available data, the crypto market has reversed course, with Cardano (ADA), XRP, and Solana (SOL) plunging 21% on Tuesday. Just days ago, these assets soared as much as 60% after President Donald Trump’s announcement of a U.S. Crypto Strategic Reserve—only to see those gains completely erased amid broad profit-taking and macroeconomic uncertainty.

Contents
From Euphoria to Selloff: How the Market Turned BearishMacroeconomic Chaos Fuels Crypto WeaknessBitcoin and Ethereum Also Hit HardExpert Insights: Is the Rally Over, or Will Crypto Rebound?Final Verdict: What Comes Next?FAQs1. Why did ADA, XRP, and SOL crash after Trump’s announcement?2. What role does the White House Crypto Summit play in this market shift?3. Are Bitcoin and Ethereum also affected by this selloff?4. Could crypto rebound from this dip?GlossaryReferences

The sharp price reversal comes as traders shift to a risk-off approach, following Trump’s latest tariff hikes on China, Canada, and Mexico. The market, initially energized by government recognition of crypto, is now bracing for potential volatility ahead of Friday’s White House Crypto Summit.

From Euphoria to Selloff: How the Market Turned Bearish

The crypto market experienced a dramatic reversal after Trump’s Crypto Strategic Reserve announcement initially sent ADA, XRP, and SOL surging up to 60%. However, this optimism quickly faded as profit-taking, macroeconomic concerns, and renewed tariff tensions triggered a 21% market-wide drop. Investors who rushed in on the bullish news are now questioning whether the rally was sustainable or just another short-lived hype cycle.

Macroeconomic Chaos Fuels Crypto Weakness

The crypto market downturn isn’t just about profit-taking—worsening macroeconomic conditions are adding pressure. Trump’s tariff hikes on China, Canada, and Mexico have intensified global trade tensions, dragging equities lower and pulling crypto down with them. As investors adopt a risk-off approach, Bitcoin, Ethereum, and major altcoins are struggling to hold key levels, signalling continued volatility amid economic uncertainty.

Market strategist Alex Krüger noted:

“Despite pro-crypto deregulation efforts, the market still sees digital assets as high-risk, especially during macroeconomic turmoil.”

Sell off

Bitcoin and Ethereum Also Hit Hard

The selloff wasn’t limited to altcoins—Bitcoin and Ethereum also faced steep declines as macroeconomic concerns intensified. Bitcoin dropped 9% to about $84,000, while Ethereum plunged 12%, breaking below $2,000 for the first time since 2023. With uncertainty rising, investors are now bracing for more volatility ahead.

Market crash

Expert Insights: Is the Rally Over, or Will Crypto Rebound?

After an explosive crypto rally fueled by Trump’s Crypto Strategic Reserve announcement, markets have sharply reversed, wiping out gains for ADA, XRP, and SOL. Now, traders and analysts debate what’s next—was this just a temporary shakeout, or is crypto poised for another leg up? Experts weigh in on institutional adoption, macroeconomic risks, and the potential for a policy-driven resurgence in digital assets.

Former CFTC Chairman Chris Giancarlo weighed in:

“The U.S. formally recognizing crypto in a strategic reserve is a long-term win. The short-term selloff is just noise—regulatory clarity will ultimately drive adoption.”

Crypto economist Lyn Alden countered:

“The rally was fueled by political hype. Now, reality is setting in—crypto is still at the mercy of macroeconomic trends.”

Analyst Raoul Pal emphasized:

“Volatility was expected, but if the White House doubles down on crypto-friendly policies, this could be just a temporary shakeout before a bigger institutional wave.”

ADA, XRP, SOL Crash 21%, Erasing Gains From Trump’s Crypto Strategic Reserve Plan

Final Verdict: What Comes Next?

The ADA, XRP, and SOL crashes are stark reminders that crypto markets remain highly reactive to macroeconomic policies and political shifts. While Trump’s announcement initially fueled optimism, the broader market environment, particularly trade wars and risk sentiment, has taken priority.

With the White House Crypto Summit just days away, traders are watching closely. If the administration follows up with regulatory clarity, digital assets could see renewed momentum. However, if uncertainty lingers, the selloff may deepen, keeping the market in a state of flux.

For now, investors should brace for continued volatility as crypto navigates its latest battle between policy-driven hype and market fundamentals.

Stay updated with Deythere as we’re available around the clock, providing you with updated information about the state of the crypto world.

FAQs

1. Why did ADA, XRP, and SOL crash after Trump’s announcement?

The initial rally was fueled by excitement over government recognition of crypto, but profit-taking, macroeconomic instability, and tariff fears led to a sharp reversal.

2. What role does the White House Crypto Summit play in this market shift?

The summit will determine the administration’s next steps on regulation. Investors are hoping for clear policies, but if uncertainty lingers, the market may stay volatile.

3. Are Bitcoin and Ethereum also affected by this selloff?

Yes. Bitcoin is down 9% to $84,000, and Ethereum has dropped 12%, breaking below $2,000 as macroeconomic factors weigh on all major assets.

4. Could crypto rebound from this dip?

It depends on regulatory clarity and macroeconomic trends. If Trump’s administration pushes favorable crypto policies, a rebound is possible—but uncertainty could extend the downturn.

Glossary

Crypto Strategic Reserve: A proposed U.S. government-held reserve of digital assets.

Risk-Off Mood: A market condition where investors reduce exposure to riskier assets like crypto.

Profit-Taking: Selling assets after a strong rally to secure gains.

Macroeconomic Factors: Broad economic trends, such as tariffs and trade policies, that impact global markets.

Institutional Adoption: Increased involvement of major financial firms in the crypto space.

References

 Truth Social
HashKey
Twitter
Lyn Alden
Real Vision

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions. Cryptocurrency markets are highly volatile—never invest more than you can afford to lose.

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TAGGED:crypto crashMarket crashPresident TrumpTrump’s Crypto Strategic ReserveU.S. CryptoWhite House Crypto Summi

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ByJane Omada Apeh
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Omada is an experienced crypto journalist delivering in-depth analysis and insights on the ever-evolving world of cryptocurrency and blockchain. Her expertise spans market trends, regulatory developments, and innovative use cases. She is dedicated to providing accurate and engaging content for crypto enthusiasts and newcomers alike.
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