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How will President Trump’s rumored zero capital gains tax impact cryptocurrencies?

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Cryptocurrencies price volatility has surged, leading to most altcoins posting over 10% drops in the last 24 hours .

XRP price has recorded a sharp 16% drop in 24 hours to trade at $ 2.35 at press time.

Bitcoin has retreated to around $84,000 , marking a 9% decrease from the previous close.

Total crypto market cap has also dropped by around 10% to $2,76 trillion .

Rumors about President Donald Trump considering zero capital gains tax for US -based cryptocurrencies have sparked enthusiasm among traders.

If Trump confirms this development, it will drive price gains for cryptocurrencies like XRP , Cardano , and Solana .