Trump Crypto Plan Collapses? Market Crash Triggers Panic, What Next?

Trump’s administration promised to make the U.S. a crypto hub, but the market is struggling instead. After a recent crash, prices recovered slightly with the Trump Crypto Strategic Reserve news, but now crypto is falling again.

why did crypto crash? What could be the reasons the crypto market is crashing under Trump's administration? Coin gabbar crypto experts suggest several reasons that contributes to this:

1. Trump Tariffs and Trade Wars – Ongoing trade tensions and tariffs are affecting the global economy, making investors uncertain and less willing to take risks in crypto.

2. Limited Impact of the Trump Crypto Summit – The summit was expected to boost the market, but it hasn’t delivered the strong results many were hoping for.

3. Market Uncertainty and Fear – With the global market cap down 4.08% to $2.58T, investors are unsure if this is a short-term dip or a bigger crash, despite trading volume increasing by 54.55%.

These factors have significantly impacted the global market, causing major cryptocurrencies to drop. Even the coins included in Trump’s Crypto Reserve have been affected. Let’s take a look at how they are performing.

Bitcoin Faces Uncertainty as Prices Drop

Bitcoin, the biggest cryptocurrency, has fallen 2.91%, now at $79,902. Its market value is down 2.93% to $1.58T. Earlier today, it even dropped to $76,808. But there’s a twist—Bitcoin’s trading volume is up 57.86%, meaning more people are buying and selling. Some experts think traders are trying to grab Bitcoin at lower prices, but no one knows if it will bounce back soon.

Ethereum Sees the Sharpest Decline

Ethereum has had the worst drop among top cryptos. It’s down 9.71% in 24 hours, now at $1,869.34. Its market value fell 9.68% to $225.45B. But just like Bitcoin, trading volume jumped 85.59% to $38.46B. This means people are still trading, but Ethereum’s future is uncertain with all the rules and changes coming to crypto.

XRP Struggles Amid Market Instability

XRP had recovered a bit after the Trump Crypto Reserve News, but it’s down again. In 24 hours, it dropped 5.20%, now at $2.07. Its market value is $120.72B now. However, trading volume has gone up 31.90%, reaching $9.22B. With no updates in the Ripple vs. SEC case and market instability, XRP is struggling to maintain stability.

Solana and Cardano Hit by Market Turmoil

Solana has dropped 5.47%, now at $120.90. Its market value is down 5.62% to $61.56B. But trading volume is up 53.40%, now at $6.13B.

Cardano has fallen 4.71%, now at $0.7105. Its market value is down 4.77% to $25.03B. But its trading volume has increased 8.65% to $1.97B. These price drops show that crypto is struggling in today’s economy.

Fear and Greed Index Suggests Extreme Fear

Right now, the Fear and Greed Index shows that people are very scared to invest. Many are unsure about making big moves. But some experts think this could be a good chance to buy at lower prices. With Trump’s past influence on the crypto market, many are now waiting for a new Trump crypto market news or policy update to help stabilize prices.

Crypto experts from CoinGabbar suggest that while the market is currently unstable, the increasing trading volume could indicate preparation for a potential turnaround. Whether this is a short-term correction or the beginning of a larger downward trend remains to be seen.

Investors are now watching closely to see if the Trump administration will announce any measures similar to the Trump crypto reserve and Trump crypto summit, which previously brought temporary market relief. Until then, traders remain cautious, as the crypto crash today has shown that volatility is still a major challenge for the market.