Bitcoin and Altcoin Declines

Bitcoin and altcoins are experiencing sharp declines due to the economic uncertainty from Donald Trump’s new tariffs.

Currently, while BTC and altcoins have reverted gains made after Trump’s weekend crypto reserve announcement, experienced crypto analyst il Capo Of Crypto sees potential buying opportunities for certain altcoins.

Il Capo, known for his past bearish statements and often criticized by investors, listed altcoins that he believes will benefit the most from the upcoming March 7 White House Crypto Summit in a post shared on his Telegram account.

The summit, hosted by Donald Trump and tech entrepreneur David Sacks, will gather cryptocurrency CEOs, prominent founders, and regulators to discuss the future of digital assets in the US.

One anticipated topic is the potential announcement of a 0% capital gains tax for US-issued cryptocurrencies. Il Capo asserts that if this occurs, US-based cryptocurrencies could significantly benefit in the short term.

> “This latest drop looks like a bear trap. The tariff news was already priced in; now, all that’s needed is Trump’s March 7 Crypto Summit, which is seen as a major boost.
>
> There is a possibility of a 0% capital gains tax for crypto issued in the US. If this happens, US-based projects could benefit greatly in the short term.
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> That’s why I added a few more altcoins to my portfolio.”

Recommended Altcoins

• NEAR Protocol (NEAR): A scalable blockchain with strong US ties, currently down 14% from yesterday’s peak.
• Render (RENDER): An AI and 3D rendering project with significant US presence and major support.
• Constellation (DAG): A low-cap token with government connections anticipating increased demand; it’s charting a bullish pattern to break the $0.05 resistance.
• Ethena (ENA): An emerging altcoin gaining market attention for its growth potential.
• Solana (SOL): Included in Trump’s Crypto Reserve, hence il Capo added a small amount to his portfolio.

Consequently, il Capo expects these altcoins to experience major price movements as the March 7 White House Crypto Summit approaches, especially if new crypto-friendly regulations are announced.

*This is not investment advice.