XRP, ADA, and SOL fell more than Bitcoin because the White House Crypto Summit failed to wow traders
Originally, everyone thought that Trump was going to make a big move (such as announcing that the United States would treat Bitcoin and XRP as national strategic reserves), but the summit only came up with "stable currency regulations before August" and "relaxation of supervision", and the market was directly cold. The altcoins collectively fell on the street, XRP fell 20% in three days, ADA and SOL also fell, and although Bitcoin also fell, it was still quite resilient
Trump boasted on social media a few days ago that he would hoard 5 coins (BTC, ETH, XRP, SOL, ADA), causing the coin price to soar. As a result, his crypto consultant immediately changed his words at the summit: "The boss is just giving an example, don't take it seriously!" The market mentality collapsed, and the altcoins were directly smashed.
Bitcoin picked up a bargain
Trump said something human: "The government used to sell confiscated Bitcoin, which was really smart. We won't sell it in the future!" He also hinted that he would set a rule to "hoard Bitcoin." Although there is no actual action, the status of Bitcoin as "digital gold" has been indirectly stamped by the official, and the decline is much smaller than that of altcoins.
It may lead the pace in the long run
Experts believe that if the United States really regards Bitcoin as a reserve asset, it is equivalent to forcing other countries to follow suit, which may trigger the acceleration of global institutions to enter the market. However, it is all empty talk now, and it depends on whether the stablecoin bill in August can be implemented.
Summary: The operation is as fierce as a tiger, but the output is stuck in the same place. The altcoins are expected to be ruined, and Bitcoin is barely stable with the "national team" personality, but the big moves that the leeks are waiting for have all become duds, and they can only continue to endure...
