The cryptocurrency market has turned red again, just a day after President Donald Trump promised that his administration would create a U.S. crypto reserve.
Immediately after his announcement on Truth Social, the social media app he owns, the prices of digital assets surged across the board. His preferred cryptocurrencies—Bitcoin, Solana, Cardano, Ripple, and Ethereum—all went green compared to their prices before his statement.
However, a check by Infomediang today, Tuesday, March 4, 2025, shows that the market has slid again, triggering declines at a time when investors were optimistic about potential gains ahead of the White House Crypto Summit scheduled for March 7, 2025.
For instance, $ADA, which surged by 30% just minutes after Trump’s pledge on March 2, has now dropped from over $1 to $0.818—a decline of over 16% at the time of publication.
Similarly, Bitcoin, which briefly surpassed $95,000 a few days ago, has now fallen to $83,945.12 and is currently reacting at that level, indicating a 9.2% drop in the last 24 hours. A fall below $80K could trigger a pullback, affecting short-term investor expectations.
The same trend is observed with ETH and SOL, which have fallen to $2,097.06 and $136.93, representing drops of over 10% and 14%, respectively, in the last 24 hours.
Liquidation
Following these pullbacks, research indicates that over $315 million worth of transactions have been liquidated in the last four hours.
At this point, investors need to be cautious with their buying decisions to avoid getting caught up in what is known as Fear of Missing Out (FOMO).