The cryptocurrency market may experience significant changes following the White House summit expected on March 7. STS Digital warns investors of possible volatility.
White House Crypto Summit and Expectations
US President Donald Trump is becoming one of the most influential factors in the cryptocurrency market. It is expected that he may announce the creation of a strategic Bitcoin (BTC) reserve ahead of the White House crypto summit to be held on March 7.
Warnings from STS Digital
Digital asset trading firm STS Digital has warned of increased market volatility for Bitcoin (BTC) following the crypto summit held at the White House on March 7, Coindesk reported. Jeff Anderson, head of Asia at STS Digital, noted that Deribit options data suggests investors are bracing for volatility not only for BTC but also for Ethereum (ETH) and Solana (SOL).
Market Forecasts
Analysts noted that options markets are showing signs of tension and illiquidity heading into the weekend. Implied volatility was measured at 105% for BTC, which corresponds to an expected price movement of 5.5% between 8:00 UTC Friday and 8:00 UTC Saturday. At this point, BTC could swing around $5,000 in either direction after the peak. ETH and SOL prices could also swing $135 and $13, respectively.
The White House crypto summit could have a palpable impact on the cryptocurrency market, leading to significant fluctuations in prices for Bitcoin, Ethereum, and Solana. Investors should be prepared for potential changes.
