Yesterday, U.S. President Donald Trump announced the creation of a Strategic Cryptocurrency Reserve, which will include assets such as Bitcoin, Ethereum, XRP, Solana, and Cardano. This announcement triggered a significant increase in the value of these cryptocurrencies; for example, Bitcoin surged by approximately 8%, reaching $92,390.
However, today the cryptocurrency market experienced a decline. Bitcoin, for instance, dropped more than 9%, settling at $85,516. Analysts suggest that this volatility could be attributed to a combination of factors, and a possible market manipulation cannot be ruled out. Some large-scale investors, known as “whales,” may have taken advantage of the excitement generated by the announcement to sell off large amounts of assets and secure quick profits, causing a drop in prices.
As the market reacts to these events, investors will be closely watching upcoming regulatory moves and political statements that could influence the direction of cryptocurrencies.
