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Peter Schiff said that US President Donald Trump has managed the largest crypto shot of all time after announced that certain altcoins will be added to the strategic cryptography reserve on Sunday in the midst of a 9% crypto accident.
Schiff accused Trump of having orchestrated a “pumping and discharge scheme” in a March 3 jobAnd has now called on the congress to investigate the president and those who are close to him for their alleged role in the recent volatility.
It is after the prices, in particular of all the cryptos mentioned in Trump publications Sunday, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solara (Soil) and XRP, all have skyrocketed. In the past 24 hours, however, all of these cryptos prices have undergone strong corrections.
Liquidations in the recent crypto crypto crash 1 billion dollars
Schiff’s call to a congress survey comes in the middle of a cryptography market crash, with prices through digital asset space with steep drops in the past 24 hours.
BitcoinThe largest crypto by market capitalization, plunged more than 9% to negotiate at $ 84,010.98 at 7:16 a.m.. It was after the BTC price was more than $ 93.6,000 yesterday after a rally ignited by Trump’s strategic reserve messages.
Crypto’s price decline has resulted in more than $ 1.09 billion in the crypto market in the past 24 hours, according to Glass nose. More than $ 932 million in these liquidations were long positions of traders who still predicted the increase in the market.
The rumors that Trump will announce a tax on capital gains of 0% for the crypto begins to circulate
Trump said yesterday that he would make a “big” announces today, and “say it like that”. Cryptographic investors probably have a panic sold in brace for potential market correction.
Trump’s announcement.
It is unlikely that it is something good.
What are you waiting for? pic.twitter.com/fi5mxlpps– Jürgen nautt 🇩🇪🇺🇦 (@jurgen_nauditt) March 3, 2025
Some are more optimistic about the announcement of Trump, with rumors that the American president will announce a tax on capital gains of 0% for the crypto. This could encourage more investors to buy and hold the crypto in the long term.
Just inside: @Erictrump And @Davidfbailey Simply let slide in their Discord channel that they are trying to announce perhaps on Friday that there will be no tax on capital gains on American cryptocurrencies if it is owned for more than a year.
– Magoo PhD (@hodlmagoo) March 4, 2025
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