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Trump slump builds momentum 🎢
Crypto losses continued to mount Tuesday morning, as Ethereum, Solana and Dogecoin all slipped by double digits.
Stephen Graves
March 04, 2025
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📝 What you need to know
U.S. President Donald Trump’s crypto reserve plans have failed to stop the tide of red in the crypto market, with the prices of leading assets continuing to slide Tuesday.
Ethereum, Solana and Dogecoin all dropped by double digits Tuesday morning, as investment firm Bernstein questioned the rationale of including them in Trump’s proposed strategic crypto reserve.
Trump’s own Solana meme coin also posted a double digit drop, as fears around inflation and trade tariffs continued to mount. Even perennial Bitcoin bull Strategy failed to buy the dip, as its stock price slipped.
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💬 Quote of the Day
“Bitcoin is the only asset that meets the bar for a store of value reserve asset. Maybe Ethereum. Digital gold and digital oil.”
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