Altcoin Cardano (ADA) led declines among major cryptocurrencies, dropping as much as 9% over the past 24 hours during U.S. pre-market hours on Friday, after President Donald Trump ruled out a diversified U.

Donald Trump recently declared a U.S. Strategic Crypto Reserve that includes Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) and Cardano (ADA) as part of the portfolio. Even though the assets benefit from positive market conditions their considerable market size poses obstacles to significant price increases.

Ripple’s XRP and ethereum rivals solana and cardano—all regarded as U.S.-made cryptocurrencies—each rose between 20% and