{"id":16795,"date":"2025-03-08T08:02:00","date_gmt":"2025-03-08T08:02:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16795"},"modified":"2025-03-08T08:02:00","modified_gmt":"2025-03-08T08:02:00","slug":"xrp-ada-sol-fall-deeper-than-bitcoin-as-white-house-crypto-summit-fails-to-wow-traders","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16795","title":{"rendered":"XRP, ADA, SOL Fall Deeper Than Bitcoin as White House Crypto Summit Fails to Wow Traders"},"content":{"rendered":"
\n

The much-anticipated White House Crypto Summit on Friday ended with a whimper rather than a bang for cryptocurrency traders, sending altcoins like XRP, Cardano\u2019s ADA, and Solana\u2019s SOL into steeper declines than market leader bitcoin (BTC).<\/p>\n<\/p>\n

Investors had pinned high hopes on President Donald Trump\u2019s pro-crypto stance, expecting bold announcements about a U.S. strategic crypto reserve that would prominently feature major altcoins.<\/p>\n<\/p>\n

Instead, the summit delivered a more subdued outcome<\/a>: a framework for stablecoin legislation before August and assurances of a lighter regulatory touch\u2014moves that failed to ignite the market as anticipated.<\/p>\n<\/p>\n

Trump said it was “foolish” that the federal government had already sold so much of its seized bitcoin, adding that the country will a colloquial rule of \u201cnever sell your bitcoin.\u201d<\/p>\n<\/p>\n

XRP dropped 3.5% in the past 24 hours to nearly $2.4, down from a high of $2.98 earlier in the week \u2014 marking a decline of nearly 20% from its Sunday peak following Trump\u2019s initial reserve announcement. Cardano\u2019s ADA fell over 5% while Solana\u2019s SOL shed 4% to hover around $138 as of Asian afternoon hours Saturday.<\/p>\n<\/p>\n

Bitcoin, by contrast, held up better, trading at $86,000\u2014down 2.5% in the past 24 hours but showing relative resilience compared to the altcoin bloodbath.<\/p>\n<\/p>\n

The summit, chaired by Trump\u2019s AI & Crypto Czar David Sacks, had been billed as a landmark event following the president\u2019s earlier pledge to establish a U.S. crypto strategic reserve including BTC, ETH, XRP, SOL, and ADA.<\/p>\n<\/p>\n

Trump\u2019s Sunday Truth Social posts had sparked a massive rally, with majors surging as much as 60% as traders bet on a transformative policy shift. However, Sacks\u2019 clarification on Friday that Trump\u2019s mention of five cryptocurrencies was merely illustrative \u2014 not a firm commitment \u2014 doused hopes of longer rallies.<\/p>\n<\/p>\n

Meanwhile, the embrace of bitcoin could eventually see other countries act in lockstep, potentially acting as bullish catalysts in the coming months.<\/p>\n<\/p>\n

\u201cThe US\u2019 prioritisation of Bitcoin as a reserve asset not only legitimises its status as \u201cdigital gold\u2019 but also sets a precedent that could accelerate regulatory frameworks and drive institutional adoption worldwide,\u201d Vincent Chok, CEO of First Digital, told CoinDesk in an email. \u201cThis move will inevitably prompt a diverse range of responses from global regulators.\u2019<\/p>\n<\/p>\n

\u201cFor those aligned with US policy, it could accelerate the establishment of their own national strategic stockpiles. Such federal confidence could inspire institutions to move on-chain, increasing participation, injecting liquidity into the decentralised finance market, and broadening interest beyond Bitcoin to other digital assets like stablecoins,\u201d Chok added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The much-anticipated White House Crypto Summit on Friday ended with a whimper rather than a bang for cryptocurrency traders, sending altcoins like XRP, Cardano\u2019s ADA, and Solana\u2019s SOL into steeper declines than market leader bitcoin (BTC). Investors had pinned high hopes on President Donald Trump\u2019s pro-crypto stance, expecting bold announcements about a U.S. strategic crypto […]<\/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-16795","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\/16795","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=16795"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16795\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}