Major Tokens Carranos Ada, XRP and Solana’s sun dropped 21% on Tuesday, just days after a dramatic wave was driven by President Donald Trump’s announcement of an American crypto strategic reserve, deleting all gains caused by the original tension.
The sharp reversal adapted to a cautious mood among the traders after Monday’s market rally according to the ambitious plan, like a Coindesk analysis that was previously noticed.
Trump’s Sunday statement that the reserve would include ADA, XRP and SOL, along with Bitcoin (BTC) and Ether (ET) ignited a Market Frenzy, with ADA increasing over 60%, XRP climbing 33%and sun jumps 22%within hours.
The promise of a government -backed crypto day was hailed as a game election, with analysts who predicted it could legitimize digital assets and operate institutional adoption.
However, the rally showed briefly in the midst of profits and a general risk-off mood in wider stock markets.
“Trump’s recent customs annamifications on Canada, Mexico and China caused a massive sale of crypto assets that completely turned the previous day’s crypto strategic reserve winnings,” said Kevin Guo, director of Hashkey Research, in a telegram message.
“Despite a number of pro-crypto deregulation initiatives and supportive policies, investors see cryptocurrencies as risk assets that are strongly bound by the performance of the US stock market.”
On Tuesday, China announced a 15% duty on the import of various things after Trump, doubled the duty on imports from China to 20%. The US president also confirmed that 25% duty on goods from Mexico and Canada would be effective on Tuesday.
Bitcoin is 9% down in the last 24 hours in the middle of the macroeconomic chaos and deals with $ 84,000 as Asian afternoon hours. Ether lost 12% and trades just over $ 2,000 – the lowest since 2023.
With a Crypto Summit in the White House scheduled for Friday, investors are now supporting more clarity – or further turbulence – depending on what is shown in the negotiations.