Bitcoin Rebounds While XRP, SOL, and ADA Struggle Ahead of White House Crypto Summit
As markets brace for President Donald Trump’s upcoming crypto policy announcement, Bitcoin (BTC) has rebounded strongly, while major altcoins continue to lag behind.
U.S. Secretary of Commerce Howard Lutnick confirmed that Trump will detail his vision for a U.S. crypto reserve at the White House summit on Friday. While Bitcoin is expected to be the centerpiece, other assets like XRP, Solana (SOL), and Cardano (ADA)—which Trump highlighted on Sunday—are seeing far less enthusiasm from investors.
BTC has climbed back to $91,000, closing the gap to its Sunday high of $95,000. However, XRP remains 17% below its peak at $2.57, while ADA and SOL are trailing by 27% and 20%, respectively, according to TradingView data.
The market’s muted response to these altcoins suggests skepticism over their role in the proposed reserve. Some analysts speculate that Trump’s mention of multiple tokens may have been a strategic ploy rather than a firm policy decision.
Jeff Park, head of alpha strategies at Bitwise Asset Management, cautioned against reading too much into the political rhetoric.
“A U.S. Bitcoin Strategic Reserve (BSR) would be a groundbreaking shift, but let’s not ignore global realities. The International Monetary Fund (IMF) has actively discouraged sovereign BTC accumulation, which creates a significant barrier to implementation,” Park said on X.
He added that while discussions around a crypto reserve are promising, real progress will only be evident when institutions like the IMF adjust their stance.
With the summit just days away, Bitcoin remains the primary beneficiary of the crypto reserve speculation, while altcoins struggle to regain momentum.
