Key Takeaways
- The US White House announces Donald Trump’s first-ever crypto Summit as important dignitaries are invited to discuss digital assets and regulatory policies.
- BTC price sees a 7% gain in the last 24 hours following White House crypto Summit news as Altcoins enjoy more price bounce.
- The inclusion of digital assets in the US National Reserve needs approval from the House of Representatives, but it is a good step in the right direction in terms of digital asset adoption.
The United States White House announced that Donald Trump will be hosting its first-ever White House crypto summit on Friday, March 7, 2025. Top dignitaries, such as industry leaders, policymakers, CEOs, and executives, are expected to be present.
Rumors have been swirling around the internet about discussions focusing on tax policy reforms and clarity in regulatory policies that would ease the adoption of digital assets.
While these are just speculations, for the past couple of days, the crypto market has witnessed quite some price volatility in BTC, XRP, ETH, and SOL. Crypto experts suggest that a favorable meeting would have a much greater impact on the crypto market as we head into the second quarter of 2025.
Earlier in the week, the news of Donald Trump suggesting crypto assets such as BTC, ETH, ADA, XRP, and SOL would be part of the US strategic crypto reserve has generated much bullish price action in the crypto space. The price of Bitcoin rallied from $85,000 to a high of $95,000 in less than 24 hours, hitting over 10%.
Although this summit and the inclusion of digital assets would need final approval from the US House of Representatives, it’s a good call and a welcome development for the crypto space. The US ecosystem will become a big contributor to the digital market’s affairs in the coming months, and a shift from traditional assets will give room for diversification
Cryptocurrency Market Reaction To Donald Trump’s Summit
Source – Crypto Reaction Ahead of Donald Trump’s Crypto Summit From Quantifycrypto
Ahead of Donald Trump’s first-ever crypto Summit, the crypto market has responded positively following a rebound across the market. The price of BTC has seen over a 7% price gain in the last 24 hours, and altcoins such as ETH, XRP, SOL, and ADA are also enjoying some price recovery.
With the Summit expected to occur on Friday, March 7, 2025, what can we expect from BTC and altcoins in the next few hours?
Bitcoin Jumps By 7% – Is Price Going To $100k?
Source – BTC 1D Price Outlook Ahead Of Crypto Summit From TradingView
The price of Bitcoin (BTC) has saw price gained by over 7% in the last 24hrs reaching a high of $89,500 after price retracement to retest its daily low of $81,500 with the price of BTC approaching key price resistance of $95,000 ahead of Donald Trump’s crypto summit in the next few days.
BTC needs to trade above $100,000 for it to resume its bullish price action to the upside, which could also open an opportunity for altcoins to rally to the upside. A break and close for BTC above $100,000 could see altcoins show strong bullish price action, with the likes of Solana (SOL) and Ripple (XRP) becoming a key focus for many investors and analysts in the coming weeks.
