{"id":16014,"date":"2025-03-04T07:16:46","date_gmt":"2025-03-04T07:16:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16014"},"modified":"2025-03-04T07:16:46","modified_gmt":"2025-03-04T07:16:46","slug":"ada-xrp-sol-dive-21-to-reverse-all-gains-from-trumps-strategic-reserve-plans","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16014","title":{"rendered":"ADA, XRP, SOL Dive 21%  to Reverse All Gains From Trump\u2019s Strategic Reserve Plans"},"content":{"rendered":"<div>\n<p>Major tokens Cardano&#8217;s ADA, XRP, and Solana&#8217;s SOL plummeted 21% on Tuesday, just days after a dramatic surge fueled by President Donald Trump\u2019s announcement of a U.S. crypto strategic reserve, erasing all gains sparked by the initial excitement.<\/p>\n<p>The sharp reversal aligned with a cautious mood among traders after Monday\u2019s market rally following the ambitious plan, as a <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/03\/ada-rockets-60-xrp-up-25-on-trump-comments-but-traders-aren-t-fully-bullish-yet\" target=\"_blank\">CoinDesk analysis<\/a> previously noted.<\/p>\n<p>Trump\u2019s Sunday declaration that the reserve would include ADA, XRP and SOL, alongside bitcoin (BTC) and ether (ETH) ignited a market frenzy, with ADA soaring over 60%, XRP climbing 33%, and SOL jumping 22% within hours.<\/p>\n<p>The promise of a government-backed crypto stockpile was hailed as a game-changer, with analysts predicting it could legitimize digital assets and drive institutional adoption.<\/p>\n<p>However, the rally proved short-lived amid profit-taking and a general risk-off mood in broader equity markets.<\/p>\n<p>\u201cTrump&#8217;s latest tariff announcements on Canada, Mexico, and China caused a massive selloff of crypto assets, completely reversing the previous day&#8217;s crypto strategic reserve gains,\u201d Kevin Guo, director of HashKey Research, said in a Telegram message. <\/p>\n<p>\u201cDespite a slew of pro-crypto deregulation initiatives and supportive policies, investors view cryptocurrencies as risk assets strongly bound by the performance of the US equity market.\u201d<\/p>\n<p>On Tuesday, China announced a 15% tariff on the import of various items after Trump, doubled the tariff on imports from China to 20%. The U.S. President also confirmed that 25% tariffs on goods from Mexico and Canada would be effective on Tuesday.<\/p>\n<p>Bitcoin is down 9% in the past 24 hours amid the macroeconomic chaos, trading at $84,000 as of Asian afternoon hours. Ether lost 12% and trades just above $2,000 \u2014 its lowest since 2023.<\/p>\n<p>With a White House Crypto Summit scheduled for Friday, investors are now bracing for more clarity \u2014 or further turbulence \u2014 depending on what emerges from the talks.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Major tokens Cardano&#8217;s ADA, XRP, and Solana&#8217;s SOL plummeted 21% on Tuesday, just days after a dramatic surge fueled by President Donald Trump\u2019s announcement of a U.S. crypto strategic reserve, erasing all gains sparked by the initial excitement. The sharp reversal aligned with a cautious mood among traders after Monday\u2019s market rally following the ambitious [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16014","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16014"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16014\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}