The crypto market capitalization is recovering but at a slow pace; however, Bitcoin once again crossed $90k after falling around 10% in the last week. According to the data from TradingView, the cap grew 6.78% in 7 days, yet is at a 10% loss in the monthly frame.
According to known experts, the market is powerfully trying to move in an upward direction, as the internet is flooded with news of the 1st crypto summit to be hosted at the White House.
1st crypto summit to favor the growth of digital assets?
The crypto summit at the White House is set to be held on March 07, 2025, with the participation of leading crypto experts, professionals, and owners of leading crypto-based firms. As per the available data, the attendees list includes the CEO of Coinbase, some of the executives of Chainlink, and the chair of Strategy (earlier MicroStrategy), Michael Saylor.
However, some other reports also confirm the attendance of someone from Binance, Ethereum, Ripple, Crypto(dot)Com, Robinhood, and the CEO of Bitcoin Magazine. 4 officials from the White House are expected to join the summit.
It is widely argued that after this summit, the crypto market is expected to reach a new height, with Bitcoin expected to acquire a new all-time high somewhere near to $120k.
A list of unconfirmed guests released by a known crypto media outlet includes the name of the CEO of Circle (USDC), the founder of Cardano, and the CEO of USDT issuer Cathie Wood, a known Bitcoin advocate.
A poll on Polymarket: a decentralized prediction with the question ‘ What will Trump say during the Crypto Summit on Friday?’ has a volume of $594,355 with 70% volume held by the ones saying that Trump will mention crypto for more than 10 times in his speech and 41% has placed their bet on the mentioning of coins for more than 5 times and $26,848 in volume is held by ones predicting that he might say crypto for more than 5 times.
Crypto market price update
Until publishing, the crypto market cap was $3 trillion, with a growth of 2.96% in the past 24 hours, and the trading volume is down by 18.75% now at $118.24 billion. The fear and greed index is at 30, reflecting fear in the market, yet a slight recovery has been observed with a constant fading in sentiments.
In the past 24 hours, the gainer’s list has been ruled by Movement, Corons, Ondo, Helium, Render, Chainlink, and Near Protocol. The weekly gainers are Cardano, Bitcoin Cash, Hedera, Cronos, Bitget, Chainlink, and Aave.
PI, the recently launched tokens, has continued to bleed, losing 5.70% in a day and around 30% in the weekly frame; it has a market capitalization of $13.15 billion, which is down by 5.31% intraday.
