$ADA Although prices rose between Sunday and Monday, after Trump provided more details about the US cryptocurrency reserve, which, in addition to Bitcoin, is expected to include altcoins like ETH, SOL, XRP, and ADA, the changes in macroeconomic narratives continue to pressure the crypto market.
"Trump's reserve plan, confirmed tariffs on Canada, Mexico, and China, along with swift retaliatory measures from Canada and China, are adding more uncertainty to an already turbulent landscape," analysts at QCP Capital wrote this morning.
"With constantly changing macroeconomic conditions, the crypto market remains highly correlated with stocks, reflecting broader economic swings," they added.
The uncertain scenario is expected to prevail in the market until Friday (7), when the first White House Crypto Summit takes place, an event that will bring together leading figures from the crypto industry and key policymakers at the White House in the US.