Bitcoin ticks higher as investors await Trump crypto summit
The price of bitcoin is back over $90,000 amid speculation that the Trump administration will announce a strategic US crypto reserve and other cryptocurrency policies at the White House Crypto Summit on March 7. The value of the digital currency is up more than 8% in the last 24 hours.
Having dipped below $82,000 just two days ago, when the entire crypto market crashed as tariffs weighed on the broader markets, bitcoin’s revival leaves the coin within striking distance of the symbolic $100,000 mark.
Per Barron’s, bitcoin has also been boosted by improved risk sentiment following Trump’s one-month reprieve from tariffs for automakers. Still, investors will be scrutinizing the entire crypto space ahead of Friday’s summit, with policymakers and regulators set to mingle with leading industry figures.
Go Deeper: Who’s going to the crypto summit in DC as rumors swirl
Having dipped below $82,000 just two days ago, when the entire crypto market crashed as tariffs weighed on the broader markets, bitcoin’s revival leaves the coin within striking distance of the symbolic $100,000 mark.
Per Barron’s, bitcoin has also been boosted by improved risk sentiment following Trump’s one-month reprieve from tariffs for automakers. Still, investors will be scrutinizing the entire crypto space ahead of Friday’s summit, with policymakers and regulators set to mingle with leading industry figures.
Go Deeper: Who’s going to the crypto summit in DC as rumors swirl
