White House Reversal Causes Crypto Market Dip

Newsroom

07 Mar 2025 — 1 min read

Crypto Market Reacts to White House's Reversal

The digital currencies Cardano's ADA, XRP, and Solana's SOL experienced declines on Friday. This downturn occurred following a surprising statement from a White House official, who contradicted President Trump's recent promise to sign an urgent executive order. This executive order was intended to direct the Presidential Working Group to initiate efforts for establishing a strategic cryptocurrency reserve. The reserve was expected to include ADA, XRP, SOL, bitcoin, and ether among its holdings.

Bitcoin Price Prediction from Leading CEO

Meanwhile, there is speculation from a CEO that Bitcoin could achieve a staggering price of $250K by 2025. This optimistic forecast stands in stark contrast to the current market dip triggered by the White House's reversal.

Stay informed and avoid missing important updates by subscribing to the Crypto for Advisors Newsletter. By subscribing, you consent to receiving emails regarding CoinDesk products and acknowledge our terms of use and privacy policy.

Bitcoin’s Wild Card: How Germany’s Debt Plans Could Shake Up Crypto

Inflation Fears, Government Sales, and Gold - What’s Next for Bitcoin? Bitcoin is entering a critical phase as Germany’s shifting economic policies threaten to reshape its trajectory. With Friedrich Merz set to become Chancellor and pushing for a €500 billion debt expansion, inflation concerns are rising - and

Are XRP Whales Preparing for a Big Move as Ripple vs. SEC Lawsuit Nears Conclusion?

Massive Accumulation Hints at a Potential Price Surge Amid Legal Speculation Ever since Donald Trump's election victory and his vow to support the crypto industry - including firing former SEC Chair Gary Gensler - speculation has been mounting about a potential resolution in the long-running lawsuit between Ripple

XRP Price Consolidates as Key Levels Hold

Ripple’s Token Struggles to Break Out - Is a Major Move Coming? Ripple’s XRP has been navigating a critical price range, bouncing between support and resistance within an expanding wedge pattern. With the 100-day moving average and the $2 support level defining its boundaries, traders are watching closely

XRP: Current Situation, SEC Negotiations and Positive Market Signals

Ripple Faces Regulatory Pressure but Gains Institutional Interest XRP Price and Market Status XRP is currently trading at $2.42, with a market capitalization of approximately $140.86 billion, making it the fourth-largest cryptocurrency behind Bitcoin, Ethereum, and Tether. Despite some market fluctuations, the price remains relatively stable, with a