The cryptocurrency market dropped quick simply hours earlier than U.S. President Donald Trump’s huge announcement on Fact Social. Litecoin (LTC), XRP, and Solana (SOL) all noticed big worth drops, shedding double digits, and now merchants are nervous about what’s forward.
Litecoin (LTC) took a giant hit, falling 10.18% within the final 24 hours to land at $114.46. This worth drop reduce its market cap to $8.64 billion, erasing a few of its latest wins, with a 24-hour buying and selling quantity of $1.67 billion, surging 31%.
XRP additionally acquired smacked, dropping 10.14% to $2.59, with a 24-hour buying and selling quantity of $14.43 billion, surging 6.77%. Its market cap is now $150.62 billion, and it was one of many major cryptocurrencies Trump named for his reserve, together with Solana and Cardano (ADA).
When Trump backed it, XRP’s worth shot up as individuals piled in, however this fast pullback reveals everybody’s not sure what’s coming.
Solana (SOL) didn’t escape both, sliding 8.78% to $157.70. Its market cap sits at $80.05 billion, with $9.69 billion traded within the final 24 hours.
Trump’s point out of Solana in his Crypto Reserve plan had sparked pleasure, pushing its worth larger. However this newest drop suggests merchants are pausing, ready for extra particulars.
The entire crypto market cap fell 3.64% to $2.97 trillion, exhibiting a giant slowdown. The timing is wild—on Sunday, March 2, 2025, Trump grabbed consideration by unveiling his U.S. Crypto Reserve thought.
At first, he listed XRP, Solana, and Cardano (ADA), then added Bitcoin (BTC) and Ethereum (ETH). He mentioned it’s a solution to struggle what he referred to as the Biden administration’s “crooked assaults” on crypto.
Trump posted on Fact Social, “A U.S. Crypto Reserve will raise this key trade after years of crooked assaults by the Biden Administration… I’ll be sure that the U.S. is the Crypto Capital of the World.” That information triggered an enormous worth surge, with buyers leaping in, pondering crypto’s future regarded vivid.
Now, proper earlier than Trump’s next big reveal, the market’s in all places. His newest submit teased, “TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS!”—and everybody’s guessing what’s subsequent. Merchants are glued to their screens to see if costs bounce again like they did after Sunday or preserve dropping.
Will crypto costs climb once more, or is that this the beginning of an even bigger fall? One factor’s for certain, Trump’s phrases preserve shaking up the crypto world, and buyers are watching each transfer.
Additionally Learn: Cardano is the top gainer in Trump’s Crypto Reserve List
