The crypto market is reacting to President Trump’s announcement regarding the establishment of a Bitcoin-only strategic reserve. This decision has led to a significant downturn for many altcoins as traders await clarity from the White House Crypto Summit. Investor sentiment dims as uncertainty prevails. Many are turning to Bitcoin as they seek stability amidst the volatility sparked by the news. Consequently, this shift underscores the importance of informed trading strategies in navigating the fast-moving crypto landscape, especially during such turbulent times.