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    Home»Crypto News»Peter Schiff Slams Donald Trump Over Alleged “Pump and Dump” Scheme Amid 9% Crypto Market Crash
    Peter Schiff Slams Donald Trump Over Alleged “Pump and Dump” Scheme Amid 9% Crypto Market Crash
    Crypto News

    Peter Schiff Slams Donald Trump Over Alleged “Pump and Dump” Scheme Amid 9% Crypto Market Crash

    By Crypto EditorMarch 4, 2025No Comments3 Mins Read
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    Peter Schiff says US President Donald Trump has pulled off the most important crypto rug pull ever after he introduced that sure altcoins will probably be added to the strategic crypto reserve on Sunday amid a 9% crypto market crash.

    Schiff accused Trump of orchestrating a “pump and dump scheme” in a March 3 X submit, and has now referred to as for Congress to research the President and people near him for his or her alleged function within the latest volatility.

    That’s after costs, particularly of all the cryptos talked about in Trump’s posts on Sunday together with Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL) and XRP, all soared. Within the final 24 hours, nonetheless, all of those cryptos’ costs underwent steep corrections.

    Peter Schiff Slams Donald Trump Over Alleged “Pump and Dump” Scheme Amid 9% Crypto Market Crash

    Liquidations In Current Crypto Market Crash High $1 Billion

    Schiff’s name for a Congressional investigation comes amid a crypto market crash, with costs throughout the digital asset house struggling steep drops within the final 24 hours.

    Bitcoin, the most important crypto by market cap, plunged over 9% to commerce at $84,010.98 as of seven:16 a.m. EST. This was after BTC’s worth stood at above $93.6K simply yesterday following a rally ignited by Trump’s strategic reserve posts.

    The pullback in crypto costs led to greater than $1.09 billion in liquidations within the crypto market over the previous 24 hours, in keeping with Glassnode. Over $932 million of those liquidations have been lengthy positions from merchants that predicted additional upside available in the market.

    Rumors That Trump Will Announce 0% Capital Features Tax For Crypto Start To Flow into

    Trump mentioned yesterday that he will probably be making a “BIG” announcement at the moment, and “inform it like it’s.” Crypto traders seemingly panic bought to brace for a possible market correction. 

    Trump’s “massive” announcement.

    That is unlikely to be something good.
    What are you anticipating? pic.twitter.com/fi5mxLpPYS

    — Jürgen Nauditt 🇩🇪🇺🇦 (@jurgen_nauditt) March 3, 2025

    Some are extra optimistic about Trump’s announcement, with rumors the US President will announce a 0% capital positive aspects tax for crypto. This might incentivize extra traders to purchase and maintain crypto for the long run.

    JUST IN : @EricTrump and @DavidFBailey simply let slip of their discord channel that they want to probably announce Friday that there will probably be no capital positive aspects tax on American based mostly crypto currencies if held for greater than 1 yr.

    — Magoo PhD (@HodlMagoo) March 4, 2025

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