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The cryptocurrency marketplace dropped accelerated conscionable hours earlier U.S. President Donald Trump’s large announcement connected Truth Social. Litecoin (LTC), XRP, and Solana (SOL) each saw immense terms drops, losing treble digits, and present traders are tense astir what’s ahead.
Litecoin (LTC) took a large hit, falling 10.18% successful the past 24 hours to onshore astatine $114.46. This terms driblet chopped its marketplace headdress to $8.64 billion, erasing immoderate of its caller wins, with a 24-hour trading measurement of $1.67 billion, surging 31%.
Source: CoinMarketCapXRP besides got smacked, dropping 10.14% to $2.59, with a 24-hour trading measurement of $14.43 billion, surging 6.77%. Its marketplace headdress is present $150.62 billion, and it was 1 of the main cryptocurrencies Trump named for his reserve, on with Solana and Cardano (ADA).
Source: CoinMarketCapWhen Trump backed it, XRP’s terms changeable up arsenic radical piled in, but this speedy pullback shows everyone’s unsure what’s coming.
Solana (SOL) didn’t flight either, sliding 8.78% to $157.70. Its marketplace headdress sits astatine $80.05 billion, with $9.69 cardinal traded successful the past 24 hours.
Source: CoinMarketCapTrump’s notation of Solana successful his Crypto Reserve program had sparked excitement, pushing its terms higher. But this latest driblet suggests traders are pausing, waiting for much details.
The full crypto marketplace headdress fell 3.64% to $2.97 trillion, showing a large slowdown. The timing is wild—on Sunday, March 2, 2025, Trump grabbed attraction by unveiling his U.S. Crypto Reserve idea.
At first, helium listed XRP, Solana, and Cardano (ADA), past added Bitcoin (BTC) and Ethereum (ETH). He said it’s a mode to combat what helium called the Biden administration’s “crooked attacks” connected crypto.
Trump posted connected Truth Social, “A U.S. Crypto Reserve volition assistance this cardinal manufacture aft years of crooked attacks by the Biden Administration… I volition marque definite the U.S. is the Crypto Capital of the World.” That quality triggered a immense terms surge, with investors jumping in, reasoning crypto’s aboriginal looked bright.
Now, close earlier Trump’s adjacent large reveal, the market’s each implicit the place. His latest station teased, “TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS!”—and everyone’s guessing what’s next. Traders are glued to their screens to spot if prices bounce backmost similar they did aft Sunday oregon support dropping.
Will crypto prices ascent again, oregon is this the commencement of a bigger fall? One thing’s for sure, Trump’s words support shaking up the crypto world, and investors are watching each move.
Also Read: Cardano is the apical gainer successful Trump’s Crypto Reserve List
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