At 9:30 a.m. on the 7th, the Bitcoin price on CoinMarketCap was down 3.75% from the same time the previous day, at $86,870.
The previous day, Bitcoin rose to $92,760 on expectations of the "Cryptocurrency Summit" to be held at the White House on the 7th (local time).
However, the price gave up the gains it made that morning and fell again, trading at the $86,000 level.
The meeting will be attended by David Sachs, head of policy, and crypto industry leaders, and will also discuss related regulations, including the US Cryptocurrency Strategic Reserve Assets Act.
If President Trump makes the cryptocurrency reserve official after the summit, it is expected that the price of Bitcoin will surpass $100,000.
In a recent interview with foreign media, U.S. Secretary of Commerce Nick said, "Important policies will be announced at the summit, including a strategic Bitcoin stockpile plan."
Ryan Lee, senior analyst at Bitget Research, said, "The US cryptocurrency reserve policy will be implemented and Bitcoin will become a competitive
"If Bitcoin is legalized as a strategic asset, the price can recover to $100,000," he said. "After Secretary Lutnick's remarks at the summit, Bitcoin skyrocketed and recovered to $90,000.
He continued, "A crypto-friendly U.S. policy can increase optimism for the market and accelerate the creation of a transparent regulatory system."
2025/03/07 10:53 KST
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