What Happened in Crypto Today? Trump Plan Fails—Crash Deepens

What Happened in Crypto Today? Is This the Start of a Bigger Crash?

What Happened in Crypto Today?

The worldwide cryptocurrency market valuation stands at $2.65 trillion as it experiences a 2.14% decrease during the past day. The trading volume experienced a significant increase of 34.86% reaching $154.3 billion. The total volume in DeFi stands at $8.97 billion, making up 5.81% of the total market volume. Stablecoin transactions dominate with $144.99 billion, accounting for 93.97% of all crypto trades. Bitcoin’s dominance rose to 61.21%, increasing by 0.91% today.

Trump Crypto Push Fails: Market Crash Creates Panic

The crypto market is in trouble as Trump’s efforts to boost the industry have not worked as expected. Bitcoin, Ethereum, XRP, Solana, and Cardano have all suffered losses, with even Trump’s Crypto Reserve coins failing to hold value. Experts say the crash is due to multiple factors, including trade wars, economic uncertainty, and weak investor confidence. The much-anticipated Trump Crypto Summit also failed to deliver results, leaving traders worried about the future. As panic spreads, investors are unsure whether this is a temporary dip or the start of a bigger downturn.

Crypto Market Downturn takes Solana Takes a Big Hit

Why is Solana crashing? The overall crypto market is struggling today, and Solana has been hit the hardest. Solana has dropped 40% over the past month and is currently trading at $123.47, down 3.04% today. Large investors have been withdrawing massive amounts of Solana, causing more price drops. Some analysts believe Solana could fall further unless it finds strong support from buyers. Fear surrounding regulations and economic conditions is also adding to the selling pressure.

Robert Kiyosaki crash prediction Comes True

Robert Kiyosaki has been warning about a financial crash, and it seems to be happening now. The stock market continues to experience major losses at the same time the crypto market shows signs of decline. Ethereum together with Bitcoin experienced severe price drops which led investors to feel anxious. According to Kiyosaki, downturns actually open up new business prospects. The investor should avoid panicking because Kiyosaki recommends purchasing solid assets which include Bitcoin along with gold and silver.

Trump News: New Executive Order to Support Crypto Banking

Donald Trump has scheduled to sign an executive order which aims to eliminate banking restrictions that affect crypto businesses. The planned action aims to undo previous banking regulations which created obstacles for financial institutions to collaborate with crypto companies. If implemented, it could open more financial opportunities for the industry. However, since the Federal Reserve operates independently, it remains uncertain how much impact this order will actually have. Legal challenges could also delay or block its effects. Many in the crypto community are hopeful but waiting to see if real changes happen.

Fear and Greed Index: Extreme Fear in the Market

Investors exhibit extreme fear according to the Fear and Greed Index which currently stands at 24. The current market conditions discourage numerous investors from making investments because they want more definitive signals of improvement. 

Certain experts view this moment as an ideal opportunity to acquire assets at reduced prices. Market traders monitor Trump administration updates because upcoming policies may provide stability to the market.

Will Trump’s new crypto policies bring stability? Investors are watching closely to see what happens next.