 
 
Bitcoin (BTC) and the broader cryptocurrency market staged a pointy rebound late Friday, overcoming per week of volatility as investor sentiment surged on main political and regulatory developments.
BTC was buying and selling at $85,372 at press time, marking a 7.41% acquire over the previous 24 hours. Then again, Ethereum (ETH) climbed 6.61% to $2,231.66, whereas XRP surged 9.2% to $2.18. The broader market adopted swimsuit, lifting whole cryptocurrency market capitalization by 6.31% to $2.83 trillion.
Notably, the shock rally comes within the wake of a landmark announcement from the White Home. On Friday, David Sacks, the White Home AI and Crypto Czar, confirmed that President Donald Trump will host the first-ever White Home Crypto Summit on March 7.
Based on an official White Home letter, the summit will advance President Trump’s marketing campaign pledge to revamp the cryptocurrency sector.
“Beforehand, President Trump pledged to be America’s ‘first crypto president,’ and in his week-one Government Order 14178, he declared that ‘the coverage of my Administration [is] to help the accountable progress and use of digital belongings … throughout all sectors of the financial system,’” the letter said
 
The White Home additional emphasised that Trump’s administration goals to determine a regulatory framework that fosters innovation whereas guaranteeing financial freedom. The letter additionally criticized the earlier administration’s “unfair prosecution” of the digital asset business, positioning Trump’s strategy as a brand new period for monetary expertise.
Notably, the summit will convene prime business leaders, together with founders, CEOs, and buyers, alongside members of the President’s Digital Asset Process Pressure. Moderated by Sacks, discussions will heart on regulatory readability, market oversight, and the function of presidency in shaping the crypto financial system.
Including to the bullish momentum, the U.S. Securities and Alternate Fee (SEC) is later set to launch a five-part roundtable sequence named “Spring Dash In direction of Crypto Readability” to make clear cryptocurrency rules. The primary session, scheduled for March 21, will discover the theme “Defining the Safety State,” based on sources who talked to FOX Enterprise reporter Eleanor Terrett.
Regulatory tensions additional eased this week because the SEC dropped its lawsuit in opposition to Coinbase, following the same transfer with Binance. The company additionally closed its investigation into Gemini with out pursuing enforcement motion. In one other vital shift, the SEC introduced that meme cash will likely be categorized as collectibles quite than securities, successfully eradicating them from its regulatory scope.
Past regulation, hypothesis is mounting over a possible U.S. authorities Bitcoin reserve. Whereas no formal announcement has been made, discussions about Bitcoin’s strategic function in monetary markets have fueled renewed institutional curiosity within the asset.
