Crypto and stock markets are abuzz with anticipation as Donald Trump prepares for his summit at the White House. This event could significantly impact industry regulations.
Stock Market Rises Ahead of the Summit
MicroStrategy shares jumped 12.14%, closing at $308.55, driven by expectations related to the crypto summit. CEO Michael Saylor remains a strong bitcoin advocate. Coinbase also rose by 4.66% to $222.45, while Robinhood climbed 4.11% to $48.12. Marathon Digital Holdings finished the day up 8.23%.
Crypto Market in Anticipation
The cryptocurrency market cap reached $2.98 trillion, up 2.18% in the last 24 hours. Bitcoin itself has risen by 2.50% in a day, fostering optimism across the sector. The Fear & Greed Index rose to 30, indicating increased trader interest.
What to Expect from the White House Summit
The summit is expected to delve into crucial topics such as crypto regulation, institutional involvement, and the future of digital currencies. Industry leaders like Michael Saylor, Brian Armstrong, and Vlad Tenev are among the attendees.
The summit is likely to attract attention from both individual traders and institutional investors. Its outcome could set a new course for the cryptocurrency industry.
