The long -awaited Cryptographic Summit of the White House on Friday ended with a groan instead of an explosion for cryptocurrency merchants, sending altcoins such as XRP, Ada of Cardano and Sol de Solana in more pronounced declines than the Bitcoin market leader (BTC).
Investors had set great hopes in Donald Trump’s pro-crypto position, waiting for bold ads about a strategic reserve of Cryptocurrencies of the USA. UU. That would present an important Altcoins.
Instead, the summit delivered a more moderate result: a framework for Stablecoin legislation before August and the guarantees of a lighter regulatory touch, movements that could not turn on the market as anticipated.
Trump said it was “fool” that the federal government had already sold much of its seized bitcoin, and added that the country will be a colloquial rule of “never selling its bitcoin.”
XRP fell 3.5% in the last 24 hours to almost $ 2.4, below a maximum of $ 2.98 at the beginning of the week, marking a decrease of almost 20% since its peak Sunday after Trump’s initial reserve announcement. Cardano’s ada fell more than 5%, while Sol de Solana threw 4% to spend $ 138 from the Asian afternoon on Saturday.
Bitcoin, on the contrary, remained better, quoting to $ 86,000, lowering 2.5% in the last 24 hours, but showing relative resistance compared to the Altcoin bloodbath.
The summit, chaired by the AI and Crypto Tsar David of Trump, had been announced as a historical event after the president’s previous promise to establish a cryptographic strategic reserve of the United States that includes BTC, Eth, XRP, Sun and ADA.
The social publications of Trump’s truth had caused a mass demonstration, and the specialties arose to 60% as the merchants bet on a transformative policy change. However, Sacks’s clarification on Friday that Trump’s mention of five cryptocurrencies was merely illustrative, not a firm commitment, soaked the hopes of longer manifestations.
Meanwhile, Bitcoin’s hug could finally see other countries to act in Lockstep, potentially acting as upward catalysts in the coming months.
“The prioritization of the United States of Bitcoin as a reserve asset not only legitimizes its state as” digital gold “, but also establishes a precedent that could accelerate regulatory frameworks and boost institutional adoption worldwide,” said Vincent Chok, CEO of First Digital, Coindesk in an email. “This movement will inevitably cause a wide range of responses from world regulators.”
“For those aligned with American politics, it could accelerate the establishment of their own national strategic reserves. This federal confidence could inspire institutions to move in the chain, increase participation, inject liquidity into the decentralized financial market and expand interest beyond Bitcoin to other digital assets such as Stablocoins, ”Chok added.
