🚨🚨 U.S Strategic Crypto Reserve Announcement: President Donald Trump's proposal to establish a national strategic reserve of cryptocurrencies, including bitcoin, ether, XRP, Solana, and Cardano, initially boosted market optimism. However, the inclusion of smaller, riskier tokens led to skepticism among investors, resulting in a sharp decline in major cryptocurrencies. Bitcoin, for instance, fell by 11% to $83,455 after initially surging to $95,136 following the announcement.
2> Implementation of Tariffs: The U.S. government's enforcement of a 25% tariff on imports from Canada and Mexico has contributed to broader market uncertainties. This move has negatively impacted investor sentiment, leading to declines in both traditional and cryptocurrency markets.