Crypto Market Dips After Trump’s White House Summit – Here’s Why

The White House Crypto Summit, hosted by President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President wrapped up without the groundbreaking announcements like many had anticipated, including more clarity on the U.S. strategic crypto reserve. Instead of the market-boosting policies traders had anticipated, the summit delivered cautious steps toward regulation.

As expectations fell flat, the crypto market reacted swiftly. Bitcoin held relatively steady, but major altcoins like XRP, ADA, and SOL took a hit. Investors who had been gearing up for a bullish surge were left disappointed.

Altcoins Drop as Market Expectations Fall Short

Altcoins suffered bigger losses than Bitcoin after the summit. Many traders were optimistic about Trump’s pro-crypto stance and hoped for a major policy shift, such as a government-backed crypto reserve featuring leading altcoins. Instead, the summit focused on plans for stablecoin legislation by August and a commitment to easing regulations.

While this was seen as a positive step, it wasn’t the major market-moving news many had anticipated.

Bitcoin Reserve Plan Unveiled, But Investors Wanted More

One of the key takeaways was Trump’s executive order to create a US strategic reserve of Bitcoin and other digital assets. Crypto Czar David Sacks explained that the reserve would be funded using Bitcoin seized by the federal government through criminal or civil forfeiture.

However, this announcement disappointed some investors who had hoped for a broader plan to buy additional Bitcoin. The market reacted quickly, with Bitcoin’s price dropping to 86,394 dollars following the news.

Market Impact: XRP, ADA, and SOL Take a Hit

The lack of a major crypto reserve initiative led to a wave of sell-offs in altcoins:

• XRP dropped 3.5 percent in the last 24 hours, falling to 2.40 dollars. It is now down nearly 20 percent from its Sunday peak of 2.98 dollars, which was fueled by Trump’s initial reserve announcement.
• Cardano’s ADA slid more than 5 percent, while Solana’s SOL fell 4 percent, trading around 138 dollars as of Saturday afternoon in Asia.
• Bitcoin remained relatively stable, down 2.5 percent to 86,000 dollars, but still faring better than the altcoins.

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Trump’s Crypto Statements Spark Volatility

The White House summit, led by David Sacks, was highly anticipated after Trump’s promise to establish a crypto reserve that would include Bitcoin, Ethereum, XRP, Solana, and Cardano.

Earlier in the week, Trump’s posts on Truth Social triggered a massive rally, with some major cryptocurrencies surging up to 60 percent. However, on Friday, Sacks clarified that Trump’s mention of those five assets was just an example and not a firm commitment. This cooled expectations and contributed to the market downturn.

A Turning Point for US Crypto Policy?

Despite the market’s negative reaction, the US government’s decision to hold onto its Bitcoin holdings could set an important precedent for other countries. This move may encourage global institutional adoption of cryptocurrency in the long run.

Trump also criticized previous government decisions to sell off seized Bitcoin, arguing that the US should never sell its holdings. At the summit, industry leaders praised Trump’s more open approach to crypto, seeing it as a shift from years of regulatory crackdowns focused on security and consumer protection.

While the short-term market reaction was negative, Trump’s evolving crypto policies could shape the future of the industry in the US and beyond.