{"id":20095,"date":"2025-03-21T15:37:53","date_gmt":"2025-03-21T15:37:53","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2025\/03\/21\/btc-eth-and-xrp-dumped-after-trumps-speech\/"},"modified":"2025-03-21T15:37:53","modified_gmt":"2025-03-21T15:37:53","slug":"btc-eth-and-xrp-dumped-after-trumps-speech","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2025\/03\/21\/btc-eth-and-xrp-dumped-after-trumps-speech\/","title":{"rendered":"BTC, ETH and XRP Dumped After Trump\u2019s Speech"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Trump continued to deliver pro-crypto remarks at the Blockworks Digital Asset Summit in New York. However, contrary to expectations, BTC, ETH, and XRP saw significant declines instead of a price surge.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_speech_at_Blockworks_Digital_Assets_Summit\"\/><strong>Trump\u2019s speech at Blockworks Digital Assets Summit<\/strong><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Yesterday, President Donald Trump <\/span><a href=\"https:\/\/www.nytimes.com\/2024\/07\/27\/us\/politics\/trump-bitcoin-crypto.html\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">officially spoke<\/span><\/a><span style=\"font-weight: 400;\"> at the Blockworks Digital Asset Summit in New York, to cryptocurrency enthusiasts. In his remarks, Trump declared that the U.S. is poised to \u201cdominate crypto and the next generation of financial technologies\u201d.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trump detailed several key initiatives his administration has undertaken to support this ambitious goal towards the crypto market. Some key moves are Trump\u2019s executive order establishing the Strategic Bitcoin Reserve and his speech at the White House Digital Asset Summit. Further, Trump stated that this is his effort to change the Biden administration\u2019s \u201cregulatory war on crypto and Bitcoin.\u201d\u00a0<\/span><\/p>\n<div id=\"attachment_149241\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-149241\" class=\"lazyload size-large wp-image-149241\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/trump-vows-1024x683.jpg\" alt=\"Trump\u2019s speech at Blockworks Digital Assets Summit\" width=\"1024\" height=\"683\"\/><\/p>\n<p id=\"caption-attachment-149241\" class=\"wp-caption-text\">Source: The New York Times<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Importantly, during this summit, he emphasized building the right legal framework and facilitating digital asset activities in the U.S. His work in the crypto space could revolutionize the country\u2019s banking and payment systems and enhance privacy, safety, and security. A key element of his strategy involves leveraging dollar-backed stablecoins, which he said would reinforce and expand the global dominance of the U.S. dollar.<\/span><\/p>\n<h2><strong>The crypto community is buzzing after the news<\/strong><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Following Trump\u2019s latest speech, contrary to expectations, top coins like BTC <a href=\"https:\/\/nftevening.com\/recommends\/binance-trade\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"inline-coin\" data-id=\"bitcoin\" data-wpel-link=\"internal\"><span class=\"inline-coin__symbol\">BTC<\/span><span class=\"inline-coin__price\"\/><\/a>, ETH <a href=\"https:\/\/nftevening.com\/recommends\/binance-trade\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"inline-coin\" data-id=\"ethereum\" data-wpel-link=\"internal\"><span class=\"inline-coin__symbol\">ETH<\/span><span class=\"inline-coin__price\"\/><\/a>, and XRP <a href=\"https:\/\/nftevening.com\/recommends\/binance-trade\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"inline-coin\" data-id=\"ripple\" data-wpel-link=\"internal\"><span class=\"inline-coin__symbol\">XRP<\/span><span class=\"inline-coin__price\"\/><\/a> turned red despite the seemingly positive news. BTC dropped from nearly $87K to $83K, ETH plunged below $2,000, and XRP fell 3.7%, marking a significant decline across all three top coins. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, this isn\u2019t the first time this has happened. On March 7, when Trump addressed the Strategic Reserve Fund, announcing plans to increase BTC holdings, Bitcoin\u2019s price and market cap still dropped 5%, falling below $85,000.<\/span><\/p>\n<div id=\"attachment_149240\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-149240\" class=\"size-large wp-image-149240\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-21-193221-1024x421.jpg\" alt=\"The crypto community is buzzing after the news\" width=\"1024\" height=\"421\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-149240\" class=\"lazyload size-large wp-image-149240\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-21-193221-1024x421.jpg\" alt=\"The crypto community is buzzing after the news\" width=\"1024\" height=\"421\"\/><\/p>\n<p id=\"caption-attachment-149240\" class=\"wp-caption-text\">Soucre: Crypto Bubbles<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Since Trump took office, alongside a series of <a href=\"https:\/\/nftevening.com\/a-widespread-red-market\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\">confusing tariff policie<\/a>s, the crypto market has remained in the red, with many top coins experiencing sharp declines.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This reflects the market\u2019s instability and the \u201csell the news\u201d mentality. It happens when investors heavily buy in anticipation of good news but sell off after announcements, causing sharp price drops. It also highlights how sensitive and reactive the crypto market is to political and macroeconomic uncertainties.<\/span><\/p>\n<blockquote>\n<p>Learn more: <a href=\"https:\/\/nftevening.com\/full-recap-of-trumps-speech-at-congress-today\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\">Full recap of Trump\u2019s Speech at Congress Today<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/top-coin-dump-trumps-speech\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=top-coin-dump-trumps-speech\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump continued to deliver pro-crypto remarks at the Blockworks Digital Asset Summit in New York. However, contrary to expectations, BTC, ETH, and XRP saw significant declines instead of a price surge. Trump\u2019s speech at Blockworks Digital Assets Summit Yesterday, President Donald Trump officially spoke at the Blockworks Digital Asset Summit in New York, to cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Featured-Image-1280x720-PRPartnered-36-1.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/20095"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=20095"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/20095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/20096"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=20095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=20095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=20095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}