{"id":129470,"date":"2025-03-12T23:36:05","date_gmt":"2025-03-12T23:36:05","guid":{"rendered":"https:\/\/peraltafinancing.com\/activist\/xrp-ada-sol-fall-harder-than-btc-as-white-house-crypto-summit-fails-to-wow-traders\/"},"modified":"2025-03-12T23:36:05","modified_gmt":"2025-03-12T23:36:05","slug":"xrp-ada-sol-fall-harder-than-btc-as-white-house-crypto-summit-fails-to-wow-traders","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=129470","title":{"rendered":"XRP, ADA, SOL Fall Harder Than BTC as White House Crypto Summit Fails to Wow Traders"},"content":{"rendered":" \r\n<br><div>\n\n                                        \n\n\n<p><strong><em>Expectations of bigger plans for the largest cryptocurrencies fell short on Friday as the first-ever presidential crypto summit ended with promises of stablecoin legislation and lower regulatory resistance.<\/em><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-what-to-know\">What to know:<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The White House Crypto Summit, led by President Trump, ended without the expected bold announcements about a U.S. strategic crypto reserve, leading to a decline in altcoins like XRP, Cardano\u2019s ADA, and Solana\u2019s SOL.<\/li>\n\n\n\n<li>The summit resulted in a framework for stablecoin legislation by August and a promise of lighter regulation, but these outcomes did not stimulate the market as anticipated.<\/li>\n\n\n\n<li>Despite the market\u2019s reaction, the U.S. government\u2019s decision to hold onto its bitcoin could set a precedent for other countries and potentially drive global institutional adoption of cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n<p>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\n\n\n<p>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><div class=\"g g-1\"><div class=\"g-single a-13\"><a class=\"gofollow\" data-track=\"MTMsMSwxLDYw\" href=\"https:\/\/thegrownetwork.com\/fundraiser\/?oid=132&amp;affid=305\" target=\"_blank\"><img loading=\"lazy\" width=\"800\" height=\"534\" decoding=\"async\" src=\"https:\/\/www.activistpost.com\/wp-content\/uploads\/2025\/02\/Grow-Network-Soil-800x534-1.png\"\/><\/a><\/div><\/div>\n\n\n\n<p>Instead, the summit delivered a\u00a0<a href=\"https:\/\/www.coindesk.com\/policy\/2025\/03\/07\/trump-s-crypto-summit-sets-agenda-for-u-s-pivot\" target=\"_blank\" rel=\"noreferrer noopener\">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\n\n\n<p>Trump said it was \u201cfoolish\u201d 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.<\/p>\n\n\n\n<p>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\n\n\n<p>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\n\n\n<p>The summit, chaired by Trump\u2019s AI &amp; 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\n\n\n<p>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\n\n\n<p>Meanwhile, the embrace of bitcoin could eventually see other countries act in lockstep, potentially acting as bullish catalysts in the coming months.<\/p>\n\n\n\n<p>\u201cThe U.S.\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\n\n\n<p>\u201cFor those aligned with U.S. 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\n            \n        <\/div>\r\n<br>\r\n","protected":false},"excerpt":{"rendered":"<p>Expectations of bigger plans for the largest cryptocurrencies fell short on Friday as the first-ever presidential crypto summit ended with promises of stablecoin legislation and lower regulatory resistance. What to know: The White House Crypto Summit, led by President Trump, ended without the expected bold announcements about a U.S. strategic crypto reserve, leading to a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":129471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12022],"tags":[17807,17058,10954,18033,6235,18692,594,21029,3687,24140,355,16772,13167],"dealstore":[],"offerexpiration":[],"class_list":["post-129470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-activist","tag-ada","tag-btc","tag-crypto","tag-fails","tag-fall","tag-harder","tag-house","tag-sol","tag-summit","tag-traders","tag-white","tag-wow","tag-xrp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP, ADA, SOL Fall Harder Than BTC as White House Crypto Summit Fails to Wow Traders - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=129470\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP, ADA, SOL Fall Harder Than BTC as White House Crypto Summit Fails to Wow Traders - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Expectations of bigger plans for the largest cryptocurrencies fell short on Friday as the first-ever presidential crypto summit ended with promises of stablecoin legislation and lower regulatory resistance. 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