Last Sunday, crypto prices skyrocketed after President Trump shared plans for his "crypto reserve," which would be formalized via executive order as a digital assets stockpile days later. But following an eventful week, many of the top coins have given up all of those gains—and, in some cases, have fallen even lower.
Dogecoin is the biggest loser in the top 10 coins by market cap over the last 24 hours, per data from CoinGecko, falling by nearly 8% to a current price of $0.18. That's the lowest price marked since early November, right as the coin was pumping following Trump's election win.
Meme coins have broadly suffered in recent weeks as Trump's own TRUMP token on Solana fell sharply following its initial January pump, and the LIBRA coin promoted by Argentine President Javier Milei in February yielded significant controversy.
Bitcoin Reserve and Digital Asset Stockpile: What’s the Difference?
U.S. President Donald Trump announced Thursday the creation of a strategic Bitcoin reserve and a separate digital asset stockpile, fulfilling one of his biggest campaign promises to the crypto community. Under the executive order, the U.S. Treasury will hold Bitcoin seized in criminal and civil forfeitures in a strategic BTC reserve. The directive also opens the door to the government potentially acquiring more Bitcoin on the open market, as well as through transfers from federal agencies that...
DOGE has plunged by 30% over the last 30 days.
Every other coin in the top 10 is down as well, aside from dollar-pegged stablecoins, with Bitcoin falling nearly 4% to a current mark of $83,250—nearly back to where it was last Sunday before the Trump pump. Ethereum is likewise down nearly 4%.
XRP, meanwhile, has fallen by over 7% to a current price of $2.18, landing just below where the Ripple-linked asset was last Sunday before Trump mentioned it for his planned stockpile. And Solana, another coin he mentioned, is down 3% on the day to $133, also lower than it had been before skyrocketing last Sunday.
This Week in Bitcoin: Trump Tariffs and Reserve Plans Rock the Markets as ETFs Bleed
President Donald Trump rocked financial markets this week by flip-flopping on his trade tariff policy, leaving equities traders somewhat confused with what to do. Bitcoin, as a risk asset, couldn't escape the volatility: the coin has now swung between $94,770 to $82,681 over the last seven days. CoinGecko shows. It's currently trading hands for $85,925 after rising by less than 1% over the past week. As the S&P 500 had its worst week in months, Bitcoin certainly felt the pain too, crashing on Mo...
Cardano (ADA), the other altcoin that Trump mentioned, has done a better job of holding on to a sliver of its gains—but is still down sharply on the day. ADA has fallen by nearly 7% in the last day to a current price of $0.765, but is still up 17% on the week thanks to the massive spike seen after Trump mentioned it in last Sunday's Truth Social post.
Some $276 million worth of crypto futures positions have been liquidated in the last 24 hours, per data from CoinGlass, with long positions making up the vast majority of the liquidations.
