XRP, DOGE, ADA Drop 9% as Trump’s Bitcoin Reserve Plan Shakes Market

Major cryptocurrencies including XRP, DOGE, and ADA plunged up to 9% after Trump’s Bitcoin Strategic Reserve announcement excluded these tokens.

By Tylt Editorial Team

Mar 7, 2025

Mar 7, 2025

XRP, DOGE, ADA Drop 9% as Trump’s Bitcoin Reserve Plan Shakes Market
XRP, DOGE, ADA Drop 9% as Trump’s Bitcoin Reserve Plan Shakes Market
XRP, DOGE, ADA Drop 9% as Trump’s Bitcoin Reserve Plan Shakes Market

Trump’s Bitcoin Strategic Reserve plan dashed hopes of broader crypto inclusion.

XRP, DOGE, and ADA fell up to 9%, triggering $400 million in liquidations.

Traders shift focus to the upcoming White House Crypto Summit with low expectations.

The cryptocurrency market took a sharp downturn after former U.S. President Donald Trump announced his administration’s plan to establish a Bitcoin Strategic Reserve, excluding major tokens like XRP, Dogecoin (DOGE), and Cardano (ADA). The decision reversed bullish sentiment built on previous hints that Trump might include other digital assets in the government’s crypto stockpile.

XRP, DOGE, and ADA dropped as much as 9% within 24 hours, contributing to over $400 million in liquidations from leveraged crypto futures bets. The Bitcoin-centric reserve plan meant that non-BTC assets would only be considered if seized by the government, dampening expectations of significant institutional buying pressure on altcoins. The broader CoinDesk 20 index declined by 5%, while some smaller altcoins saw even steeper losses of up to 10%.

Earlier in the week, DOGE experienced a brief surge of 12% following asset manager Bitwise’s filing for a DOGE ETF. However, enthusiasm faded quickly after Trump’s reserve plans dismissed the token. Even Bitcoin, the focus of the strategic reserve, faced a 4.5% decline, slipping from a recent high of $93,000 to below $88,000.

Market participants now turn their attention to the upcoming White House Crypto Summit scheduled for March 7. Despite the event featuring key industry leaders and government officials, traders hold low expectations, given Trump’s lack of substantial commitments to broader crypto adoption. Some remain hopeful for unexpected announcements or policy shifts that could alleviate current bearish sentiment.

Accept crypto payments

for your business now

Book a free demo to quickly enable secure crypto payments and offer your customers more ways to pay.

Accept crypto payments

Book a free demo to quickly enable secure crypto payments and offer your customers more ways to pay.

Accept crypto payments

Book a free demo to quickly enable secure crypto payments and offer your customers more ways to pay.

Accept crypto payments

Book a free demo to quickly enable secure crypto payments and offer your customers more ways to pay.

Stay Ahead of the Curve! Subscribe to Our Mailing List

Join our mailing list to receive the latest Tylt updates, industry news, and insightful market analysis directly to your inbox. Be the first to know and stay informed with every update!

Stay Ahead of the Curve! Subscribe to Our Mailing List

Join our mailing list to receive the latest Tylt updates, industry news, and insightful market analysis directly to your inbox. Be the first to know and stay informed with every update!

Stay Ahead of the Curve! Subscribe to Our Mailing List

Join our mailing list to receive the latest Tylt updates, industry news, and insightful market analysis directly to your inbox. Be the first to know and stay informed with every update!