The ADA, XRP and Solana de Cardano de Tokens, and Solana fell 21% on Tuesday, only a few days after a dramatic wave fed by the announcement by President Donald Trump of a strategic reserve of American cryptography, erasing all the gains triggered by initial excitation.
Net reversal was aligned with a cautious mood among traders after the Monday market rally following the ambitious plan, as indicated an analysis of Coindesk previously.
Trump’s declaration of Trump that the reserve would include Ada, XRP and Sol, alongside Bitcoin (BTC) and Ether (ETH) sparked a frenzy of the market, Ada soaring more than 60%, XRP climbing 33% and resolving 22% in a few hours.
The promise of a stock of cryptography supported by the government was hailed as a change, analysts predicting that he could legitimize digital assets and stimulate institutional adoption.
However, the rally has proven to be short -lived in the midst of taking advantage and a general mood of risks on the broader stock markets.
“Trump’s latest price announcements in Canada, Mexico and China have caused a massive sale of cryptographic assets, completely reversing the crypto strategic reserve of the day before,” said Kevin Guo, director of Hashkey Research, in a telegram message.
“Despite a series of pro-Crypto deregulation initiatives and support policies, investors consider cryptocurrencies as risk assets strongly linked by the performance of the American equity market.”
On Tuesday, China announced a price of 15% on the import of various articles after Trump, doubled the rate on imports from China at 20%. The President also confirmed that 25% prices on Mexico and Canada goods would be in force on Tuesday.
Bitcoin is down 9% in the last 24 hours in the middle of macroeconomic chaos, trading at $ 84,000 in Asian afternoon. Ether lost 12% and is negotiated just above $ 2,000 – its lowest since 2023.
With a summit of the cryptography of the White House scheduled for Friday, investors are now preparing for more clarity – or additional turbulence – depending on what emerges from talks.
