Here’s why crypto prices may crash after the Trump summit
Cryptocurrency prices rose slightly ahead of the inaugural crypto summit at the White House.
Bitcoin (BTC) rose to $90,200%, while popular altcoins like Ethena (ENA), Movement (MOVE), and Hedera Hashgraph (HBAR) jumped by over 10%. Most of these coins have rallied by double digits from their lowest levels this month.
The crypto summit comes a day after Donald Trump signed an executive order creating the Strategic Bitcoin Reserve. The order also created the US Digital Asset Stockpil, which will manage other coins. Some of the top coins to be included in the stockpile are Solana (SOL), Ripple (XRP), and Cardano (ADA).
