What Happened in Crypto Today? Market Crash Worsens as Trump’s Plan Falters

By / / Crypto News, Daily News
What Happened in Crypto Today? Market Crash Worsens as Trump’s Plan Falters
Table Of Contents
  1. Crypto Market Sees Sharp Dip – Is This the Start of a Bigger Crash?
  2. Trump’s Crypto Push Falls Short as Panic Spreads
  3. Solana Suffers Major Blow Amid Market Sell-Off
  4. Robert Kiyosaki’s Market Crash Prediction Comes True
  5. Trump Proposes Executive Order to Support Crypto-Friendly Banking
  6. Fear & Greed Index Drops to Extreme Fear Zone
  7. Is This Just a Temporary Dip or the Start of a Larger Crash?

Crypto Market Sees Sharp Dip – Is This the Start of a Bigger Crash?

The global crypto market faced another downturn today, with the overall market capitalization falling to $2.65 trillion, registering a 2.14% decline over the past 24 hours. Despite the drop in prices, trading activity surged, with volume rising by 34.86% to hit $154.3 billion.

Decentralized finance (DeFi) platforms recorded $8.97 billion in trading volume, making up 5.81% of the total market activity. Stablecoins continued to dominate the market with $144.99 billion in volume, accounting for 93.97% of all crypto transactions. Meanwhile, Bitcoin’s dominance rose to 61.21%, up 0.91% from yesterday, showing growing investor preference for the leading cryptocurrency during uncertain times.

Trump’s Crypto Push Falls Short as Panic Spreads

Donald Trump’s recent attempts to boost the crypto sector have not delivered the expected results. Key cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano all posted losses, while even Trump’s so-called Crypto Reserve tokens failed to hold their value.

Analysts suggest the crash is being fueled by a mix of factors, including global economic uncertainty, rising trade tensions, and dwindling investor confidence. The much-anticipated Trump Crypto Summit also disappointed market participants, leading many to question whether current efforts are enough to stabilize the market.

Solana Suffers Major Blow Amid Market Sell-Off

Among the hardest-hit assets is Solana, which has dropped over 40% in the past month. Currently trading at $123.47, the coin slid another 3.04% today, driven largely by significant institutional sell-offs and weakened buyer interest.

Crypto experts warn that unless Solana finds solid support, the token could dip further. Growing concerns around regulatory tightening and economic instability are also adding to the bearish sentiment among traders.

Robert Kiyosaki’s Market Crash Prediction Comes True

Renowned financial8 author Robert Kiyosaki, known for his bold predictions, has once again made headlines. His long-standing warnings about a potential market crash are beginning to play out as both stock and crypto markets slumpsimultaneously.

Kiyosaki, however, advises against panic. He believes downturns present unique buying opportunities, encouraging investors to accumulate Bitcoin, gold, and silver—assets he considers safer during economic turbulence.

Trump Proposes Executive Order to Support Crypto-Friendly Banking

In a bid to further support the crypto ecosystem, Donald Trump is preparing a new executive order aimed at removing banking restrictions that currently hinder crypto businesses. The initiative aims to ease compliance burdens and allow banks to work more freely with digital asset firms.

While this proposal has generated excitement within the community, experts remain cautious. The Federal Reserve’s independence and potential legal barriers may limit the actual impact of the order. Investors are keeping a close watch to see if this move brings tangible change to the sector.

Fear & Greed Index Drops to Extreme Fear Zone

Market sentiment continues to decline, as reflected by the Crypto Fear & Greed Index, which now sits at 24, signaling extreme fear. Many traders are holding back, waiting for clear signs of recovery before re-entering the market.

Despite the uncertainty, some experts argue this could be the ideal time to accumulate assets at discounted prices. Traders are also looking ahead to potential new policies from the Trump administration that could inject confidence back into the market.

Is This Just a Temporary Dip or the Start of a Larger Crash?

The big question on everyone’s mind is whether this is a short-term correction or the beginning of a deeper crypto crash. While Trump’s pro-crypto stance is promising on paper, its real impact is yet to be seen.

For now, investors are advised to monitor developments closely, manage risks carefully, and consider the long-term potential of solid crypto assets during this volatile period.

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