David Sachs announces the upcoming developments at the White House encryption summit Flash news details

On March 2, 2025, David Sachs, a prominent figure in the coded currency and technology sectors, hinted at more developments discussed at the White House encryption summit to be held on Friday (7 March 2025) (Source: Crypto Rover, Twitter, 2, 2025). This announcement led to immediate reactions in the market, as Bitcoin (BTC) witnessed an increase of 3.5 % from $ 65,000 to 67225 dollars within the first hour after the announcement (Source: Coinmarketcap, 2 March 2025, 14:00 Beit). ETHEREUM (ETH) also witnessed a 2.8 % increase, moving from $ 3800 to $ 3,907 during the same time frame (Source: Coingecko, 2 March 2025, 14:00 UTC). These price movements indicate an increase in interest and expectation between traders and investors regarding possible policy changes or organizational clarifications that may be announced at the summit.

Trading effects to clarify the bags are important, especially for major encrypted currencies. Bitcoin trading volume increased by 15 % to 23.4 billion per hour after implementation (Source: CoinMarkcap, 2 March 2025, 15:00 UTC), indicating a strong reaction in the market and potential sites before the summit. The volume of trading in ETHEREUM increased by 12 % to 10.8 billion during the same period (Source: Coingecko, 2 March 2025, 15:00 UTC). This increase in size indicates that merchants actively participate with the market, and may expect positive results from the summit. In addition, the BTC/ETH trading pair witnessed a noticeable increase in the activity, as the trading volume of the husband increases by 18 % to 5.6 billion (Source: Binance, 2 March 2025, 15:00 UTC), which reflects a shift in market morale and the restoration of potential assets in anticipation of organizational news.

Technical indicators also reflect the market response to the advertisement. Bitcoin RSI increased from 55 to 68 during the first hour, indicating increased purchase pressure and potential peak conditions (Source: TradingView, 2 March 2025, 15:00 UTC). RSI increased from Ethereum from 52 to 65 during the same period, indicating similar market dynamics (Source: TradingView, 2 March 2025, 15:00 UTC). The scales on the chain support the market reaction, as the active Bitcoin addresses increase by 7 % to 950,000 per hour for the advertisement (Source: Glassnode, 2 March 2025, 15:00 UTC), and the active addresses of ETHEREM by 5 % to 600,000 (Source: ETHERSCAN, 2 March, 2025, 15:00:00 UTC). These scales indicate a high level of market participation and interest in the next summit.

In the context of developing artificial intelligence, the link between the symbols associated with the prosecution and the main encrypted currencies remains noticeable. After the SACKS announcement, distinctive symbols such as Singularity (AGIX) and Fetch.ai (Fet) witnessed gains of 4.2 % and 3.9 %, respectively, and move from $ 0.80 to $ 0.83 and $ 0.75 to $ 0.78 during the first hour (Source: Coinmarketcap, 2, 2025, 15:00 UTC). This indicates that there is an indirect impact of the broader encryption market for regulatory news. The correlation between Agix and BTC increased from 0.65 to 0.72 during this period (Source: Cryptoquant, 2 March 2025, 15:00 UTC), indicating a stronger connection between artificial intelligence symbols and major encrypted currencies. Traders may consider that this is an opportunity to diversify the prosecution’s related assets, expecting that any positive organizational developments can increase the artificial intelligence sector within the encryption market. The trading volume of artificial intelligence symbols also witnessed an increase in the size of AGIX by 10 % to 250 million and the Fet volume increased by 8 % to 180 million (Source: Coingecko, 2 March 2025, 15:00 UTC), which reflects the increase in interest in these assets as the market expects more news from the summit.