Big news in the world of cryptocurrency! President Trump talked about creating a special US government fund for cryptocurrencies like Bitcoin. But then, a White House official said it wasn't exactly as it seemed. This caused some crypto prices to go down.
- Some cryptocurrencies, like Cardano (ADA), XRP, and Solana (SOL), went down in price after the news.
- The White House official clarified the earlier statement about including specific altcoins.
- A crypto summit was held at the White House to discuss cryptocurrencies.
| Cryptocurrency | Price Change |
|---|---|
| Cardano (ADA) | Down over 5% |
| XRP | Down 3.5% |
| Solana (SOL) | Down 2% |
Altcoins are cryptocurrencies other than Bitcoin. A crypto reserve is like a special savings account for digital money. Market cap means how much a cryptocurrency is worth overall.
