Cardano Drops 32% Since Being Snubbed For Bitcoin-Only Reserve: What Is Going On?
Posted On March 13, 2025
Cardano (CRYPTO: ADA) has plunged 23% over the past week following the decision to not include it in the strategic crypto reserve.
What Happened: President Trump’s announcement on March 2 of Cardano being included in a crypto strategic reserve triggered a 58% price surge.
Just days later, Trump signed an executive order, creating a Bitcoin-only reserve while relegating altcoins—including ADA—to a non-buying stockpile meant only for holding and selling.
As a result, Cardano’s gains fully retraced, falling from $1.14 …
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