Why Altcoins Were Soaring on Wednesday

From Nasdaq: 2025-03-05 19:03:21

Cryptocurrency investors breathed a sigh of relief as assets moved in the right direction on Wednesday. Altcoins like Bitcoin Cash, Chainlink, and Aptos saw double-digit gains, while Cardano rose 4%. President Trump granted a one-month exemption on tariffs for auto manufacturers from Canada, Mexico, and China, easing tensions. The upcoming White House Crypto Summit sparked optimism, with rumors of a U.S. crypto reserve. While hope drove the rally, sustainability will depend on trade war outcomes and the crypto reserve’s launch. Don’t miss out on potential stock opportunities with expert “Double Down” alerts.



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