Here’s why crypto is down today despite U.S. crypto reserve

The cryptography market is back on decline only one day after receiving an essential boost of the announcement of Trump’s crypto reserve. This is why Crypto is broken today.

According to data From crypto.News, the six best tokens by market capitalization decreased in the last 24 hours, ranging from 7% to a 20% drop.

The overall market capitalization of cryptography dropped by 10.4% to 2.8 billion dollars. Just a watch, the market capitalization of cryptography reached $ 3.2 billion after the president Donald Trump Reaffirmed his commitment to establish a national cryptography reserve with major tokens in programming. This let many traders wonder why Crypto is broken today despite the boost he received yesterday.

March 3, Bitcoin (BTC) was able to get out of its previous collapse and reach $ 93,000. However, at the time of the press, the largest cryptocurrency by market capitalization fell by almost 10%. He is currently negotiating $ 83,180, losing nearly $ 10,000 compared to yesterday’s advanced value.

Cardano (ADA) suffered the worst loss, plumming more than 20% at only $ 0.81. When it has already been before, ADA’s mention in Trump’s cryptographic reserve range was sufficient to raise the token in a rally while Cardano exceeded a summit of $ 1.13.

Then Solana (GROUND), which has decreased by more than 16% in the past 24 hours. It is currently negotiated at $ 135.97. Yesterday, the token increased by 20% thanks to its mention in Trump’s truth job.

Ethereum (ETH) and xrp (Xrp) suffered similar losses, the two tokens falling by around 13% during the last day of negotiation. Yesterday, ETH climbed by 11%, while XRP has skyrocketed by 28%. XRP even managed to exceed the USDT (USDT) and reached the first three cryptocurrencies by market capitalization.

Even Binance Coin (Bnb), which remained relatively in the security zone during the last cryptography accident, decreased by 7.06% in the last 24 hours. BNB is currently negotiated at $ 564.30.

Not only that, according to data According to Kobeissi’s letter, the cryptography market is now worth 100 billion dollars less compared to the announcement of the American crypto reserve of Trump.

Why is the crypto today after the announcement of the American crypto reserve

Although Donald Trump’s announcement concerning his Crypto reserve plans made a major boost for the crypto market, it was a short -term rally because it was then overshadowed by events such as concerns concerning Trump prices, the technical sale of the broader risk of risk has reversed this moment.

President Trump’s declaration on the taxation of new prices in Canada, Mexico and China has increased global trade tensions. Instead of pushing investors to flock to “safe haven” assets such as crypto to protect their funds, this macroeconomic uncertainty caused the opposite effect. Investors are now wary of investing in risky assets such as crypto that they can consider even more volatile, because the recent accident of February 24 is always fresh in the minds of the public.

Not only that analysts have noted The main technical levels, such as a significant CME term difference, which currently triggers automated sales orders. These technical pressures have accelerated the slowdown in the cryptography market.

In addition, corporate investors are rebalanced their portfolios in the wider volatility on the market. This passage to a risk position has further lowered prices.