Major cryptocurrencies Cardano's ADA, XRP, and Solana's SOL experienced a significant drop of 21% following a surge caused by President Donald Trump's announcement of a U.S. crypto strategic reserve. The initial excitement and rally were short-lived as profit-taking and a cautious mood among traders led to a reversal in gains. Trump's announcement had sparked market frenzy and hopes for institutional adoption, but the subsequent selloff was driven by new tariff announcements and a general risk-off sentiment. Bitcoin and ether also experienced losses amid the macroeconomic chaos. Investors are now waiting for more clarity from the upcoming White House Crypto Summit.



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