Bitcoins and most of the ultcoins converted to green on Saturday as investors focused on the inaugural Crypto Summit by President Donald Trump.
Bitcoin (BTC) increased by $ 85,000, 8.5% to all cryptocurrency to $ 2.8 trillion this week to $ 85,000, 8.5%.
At the press time, bitcoin was 2.1% and traded at about $ 84,600 – 2.1%
Some of the top -performing cryptocurrency were Hedera Hashgraph, Celestia, Official Trump, Staller Lumen and Sonic, which increased by more than 15%.
Trump will host the first summit focused on bitcoin and other cryptocurrency next Friday. This will probably provide the facility of Treasury Department officials and a team from Crypto and AI office that leads David Sachs and Bo Hines.
Who will participate?
Top leaders in the Crypto industry, including heads of exchanges such as coinbase, Gemini, and Crackon, will possibly participate. Most of these leaders, including Tyler and Cameron Winklevos, were at the top of Trump during the campaign.
Other potential attendees are the leaders of the popular Med-in-in-USA Cryptocurrency like Charles Hoskinson of Cardano, Z McCelab of Staller, Brad Garlinghouse of Ripple and Nathan of Ondo Finance.
Elon Musk, who is leading the government’s efficiency or Dogi department, will probably participate. He is a large crypto backer, with a price of more than $ 975 million in Tesla more than 11,500 bitcoins. In addition, the musc is evaluating how the US government can avail blockchain technology for cost cuts.
The US Securities and Exchange Commission, since Gary Gensler resigned as a chair, has abolished some cases, including companies such as Uniswap, Coinbase and Gemini.
As Trump considers a US bitcoin reserve, there is a possibility that bitcoin and other ultcoin will rally in front of this summit.
While the pro -Trump supporters have been crypto, some of his policies have contributed to recent weakness. The most notable is a tariff on an American import, which critics say that high inflation and market instability will cause.
