Crypto prices surged Sunday when President Donald Trump posted about assets that could be included in a national crypto reserve—but the buzz only lasted so long, with some of those gains fading Monday as familiar concerns over trade tariffs and inflation started to rear their head again.
Bitcoin is down nearly 7% on the day, back under the $87,000 mark after nearly touching $95,000 on Sunday. But other top assets mentioned by Trump have shown sharper losses after larger surges, with Ethereum, Solana, XRP, and Cardano each down by at least 12% over the last day.
Cardano, which some Crypto Twitter commentators expressed the most surprise about being on Trump’s list, has at least held onto more of its gains than other coins. It’s still up 22% over the last seven days, as of this writing, making it the only gainer during that span among the top 10 cryptocurrencies by market cap.
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Crypto exchange Kraken says that the SEC will drop its lawsuit, following similar moves in cases against Coinbase, Robinhood, and more.
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