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Jakarta, Pintu News – On March 4, 2025, Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- experienced a 9% drop, and the main cause was Donald Trump’s push to establish a national crypto reserve.
His proposal, which initially focused on XRP, Solana SOL->Current SOL PriceRp 0Market Cap-Trading Volume-Circulating Supply-, and Cardano ADA->Current ADA PriceRp 0Market Cap-Trading Volume-Circulating Supply-, sparked a heated debate regarding the future of digital assets in the United States.
However, that’s not all! The White House Crypto Summit on March 7, 2025 is expected to bring even bigger changes. Trump and crypto industry leaders will discuss revolutionary policies, including the elimination of capital gains tax (0%) for US-based cryptocurrencies.
With an agenda of this magnitude, the crypto market is about to face a very crucial moment.
The White House Crypto Summit, led by Donald Trump and tech entrepreneur David Sacks, will bring together crypto CEOs, industry leaders, and regulators to discuss the future of digital assets in the United States.
Read also: 4 Altcoin to Watch Closely Ahead of the March 7 Crypto Summit 2025!
One of the main agenda items is the proposed 0% capital gains tax for US-based cryptocurrencies. Back in January, Eric Trump hinted that US-made cryptos like XRP could be tax-exempt, while foreign projects may be taxed up to 30%.
If this policy is actually implemented, crypto assets that have strong ties to the US-such as Ripple XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Cardano (ADA), and Solana (SOL)-would potentially experience a price spike.
Renowned crypto analyst, Capo of Crypto, recently added several altcoins to his portfolio in preparation for potential market changes ahead of the White House Crypto Summit on March 7, 2025.
In his Telegram message, he believes that these assets could benefit greatly from the outcome of the meeting.
NEAR Protocol NEAR->Current NEAR PriceRp 0Market Cap-Trading Volume-Circulating Supply- – A scalable blockchain with strong ties in the US, and promising technical prospects. However, on March 4, 2025, the price of NEAR was down 14% from yesterday’s high.
Render (RENDER) – AI-based and 3D rendering project that has a strong presence in the US market. With a market capitalization of $1.82 billion, RENDER’s price has dropped 15% (4/3/25), making it a buying opportunity at a discount.
Read also: Pi Coin Soars 7%! Check Out Pi Network’s Latest Price in Rupiah Today (5/3/25)
Constellation (DAG) – A token with a small capitalization but has connections with the US government, which may drive increased demand. As of March 4, 2025, DAG is forming a bullish pattern and trying to break the resistance at $0.050.
Ethena (ENA) – An altcoin that is starting to attract attention due to the huge growth potential in the market. As of March 4, 2025, ENA was trading at $0.35, down 16%, with a market capitalization of $1.12 billion.
Solana (SOL) – With Solana included in Trump’s Crypto Reserve plan, SOL’s price reaction is worth monitoring. As of March 4, 2025, SOL is trading at $137.
All in all, with the Trump Crypto Summit fast approaching, these altcoins could potentially experience a huge price spike, especially if new rules that are more friendly towards the crypto industry are announced.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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