Friday, the highly anticipated summit in the White House crypto ended with a groan rather than a blow for cryptocurrency merchants, sending altcoins like XRP, Ada de Cardano and Solana soil in a stronger drop than the leader of the Bitcoin market (BTC).
Investors had pinned great hopes for President Donald Trump’s pro-Crypto position, expecting daring announcements on a reserve of American strategic cryptography that would in fact highlight major altcoins.
Instead, the summit gave a more moderate result: a framework for stable legislation before August and the insurance of a lighter – mocking regulatory key that has not triggered the market as expected.
Trump said it was “stupid” that the federal government has already sold a large part of its bitcoin seized, adding that the country will be a family rule to “never sell your bitcoin”.
XRP dropped 3.5% in the past 24 hours to almost $ 2.4, against a summit of $ 2.98 earlier in the week – marking a drop of almost 20% compared to its Sunday summit after the initial announcement of the Trump reserve. The Cardano ADA fell by more than 5% while Solana Sola lost 4% to hover around $ 138 from Asian afternoon on Saturday.
Bitcoin, on the other hand, has resisted better, negotiating $ 86,000 – over 2.5% in the last 24 hours, but showing relative resilience compared to the Altcoin blood bath.
The summit, chaired by the AI and the Crypto-Tsar of Trump, Tsar David Sacks, had been presented as a historic event following the president’s previous commitment to establish a strategic reserve of American crypto, in particular BTC, ETH, XRP, Sol and Ada.
The social posts of Trump of Sunday Truth had sparked a massive rally, the majors up up to 60% while the traders were betting on a change in transformer policy. However, the clarification of Sacks on Friday that the mention by Trump of five cryptocurrencies was simply illustrative – not a firm commitment – the hopes of longer rally.
Meanwhile, the embrace of Bitcoin could possibly see other countries act in locking, potentially acting as bullish catalysts in the coming months.
“The prioritization of the United States of Bitcoin as a legitimate reserve ratio not only its status of” digital gold “, but also establishes a precedent which could accelerate regulatory frameworks and stimulate institutional adoption around the world,” said Vincent Chok, CEO of First Digital, in Coindesk in an email. “This decision will inevitably cause a diverse fan global. “
“For those who are aligned with American policy, this could accelerate the creation of their own national strategic stocks. Such federal confidence could inspire institutions to move to the chain, increase participation, inject liquidity on the decentralized finance market and to expand interest beyond Bitcoin to other digital assets such as stablecoins, “added Chok.
