Dogecoin, Shiba Inu, and Cardano Experience Extreme Volatility Following Trump's Comments on U.S. Strategic Crypto Reserve

President Donald Trump's comments over the weekend about a U.S. strategic crypto reserve led to extreme volatility in the sector with many cryptocurrencies surging following the news and then pulling back this morning.Since the late afternoon yesterday, the price of the meme tokens Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) had fallen 5.7% and 6%, respectively, as of 9:46 a.m. ET today. However, over the last 24 hours, Dogecoin is up nearly 9%, while Shiba Inu is up 3.5%. Meanwhile, the price of Cardano (CRYPTO: ADA) is down 7.4% since the late afternoon, but has exploded over 51% higher over the last 24 hours.While Trump had already passed an executive order directing officials to explore the idea of a national strategic crypto reserve, the details were a bit scant and left investors wondering which cryptocurrencies might be part of the reserve. On March 2, Trump named five cryptocurrencies including Bitcoin, Ethereum, XRP, Solana, and Cardano, adding that Bitcoin and Ethereum would be "... at the heart of the Reserve."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool