The crypto market capitalization is recovering from weekly losses. The upcoming White House summit is expected to further accelerate growth.
Current State of the Crypto Market
Crypto market cap grew by 6.78% over the past 7 days, despite a 10% monthly decline. Bitcoin crossed $90k again after a fall last week. According to TradingView, the market strives to move upward amid news of the upcoming crypto summit at the White House.
The White House Summit and Its Significance
The first crypto summit at the White House is set for March 7, 2025, featuring top experts and key crypto company representatives. Attendees include the CEO of Coinbase, Chainlink executives, and the chair of Strategy (previously MicroStrategy), Michael Saylor. Others are expected from Binance, Ethereum, Ripple, and other notable firms. This summit is anticipated to push the market forward, potentially enabling Bitcoin to reach new heights of around $120k.
Crypto Market Price Update
At the time of writing, the crypto market cap was $3 trillion, with a 2.96% increase in the past 24 hours, while trading volume was down by 18.75% at $118.24 billion. The fear and greed index was at 30, indicating fear in the market, though slight recovery has been observed. Recent gainers include Movement, Corons, Ondo, Helium, Render, Chainlink, and Near Protocol.
The crypto market shows signs of recovery amid anticipation of the significant event—the White House crypto summit. This event could set a new growth trajectory for the entire digital asset market.
