The White House encryption summit is expected to affect market movements Flash news details

On March 7, 2025, the White House hosted the opening encoding summit, an event that the market participants expect widely as a potential catalyst for cryptocurrency markets. According to a tweet by Miles Deutscher on March 4, 2025, this summit was expected to be an important event for this week (Source: Milesdeutscher, Twitter, 4 March 2025). In the previous period, Bitcoin (BTC) witnessed a noticeable increase in prices, increasing from $ 60,000 at 12:00 UTC on March 6 to 62,500 dollars by 10:00 UTC on March 7, indicating an increase of 4.17 % within 22 hours (Source: Coinmarketcap, March 7, 2025). ETHEREUM (ETH) also witnessed a similar trend, moving from $ 3500 at 12:00 UAE time on March 6 to $ 3640 by 10:00 UTC on March 7, with a 4 % increase (Source: Coinmarkcap, 7 March 2025). In addition, trading sizes of both assets rose; Trading volume over 24 hours of Bitcoin increased from $ 30 billion to $ 35 billion during the same period, while ETHEREUM volume increased from $ 15 billion to $ 18 billion (Source: Coinmarketcap, 7 March 2025). Other cryptocurrencies, such as Solana (SOL) and Cardano (ADA), were also positively interacting, with a SOL from $ 150 to $ 157.50 and ADA from $ 0.80 to $ 0.84 between 12:00 UTC on March 6 and 10:00 UTC on March 7 (Source: Coinmarketcap, March 7, 2025). The expectation about the summit will have contributed to these price movements and the increasing trading activity across various trading pairs including BTC/USD, ETH/USD, SOL/USD and Ada/USD (Source: CoinmarketCap, 7 March 2025).

The trading effects of the White House encryption summit were deep. As the event is revealed, market morale turned into optimism, which is reflected in increasing purchase pressure across the main cryptocurrencies. Specifically, the BTC/USD pair witnessed a significant increase in the upscale feelings, with the RSI index (RSI) moved from 65 at 12:00 UAE time from 6 to 72 March at 10:00 UAE time on March 7, indicating conditions of superiority over it (Source: TradingView, 7 March 2025). Likewise, the RSI of the ETH/USD husband increased from 60 to 68 in the same time frame, indicating a similar trend (Source: TradingView 7, 2025). The scales on the series emphasized these bullish feelings. Active Bitcoin headlines rose from 800,000 to 850,000 between 12:00 UTC at 6 and 10:00 March UTC on March 7, and active ETHEREUM addresses increased from 400,000 to 420,000 during the same period (Source: Glassnode, 7 March 2025). These scales indicate an increase in participation and interest in the market, which are likely to be driven by potential organizational visions of the summit. Moreover, trading volumes on decentralized stock exchanges (DeXs) also witnessed an increase in trading volume over 24 hours from $ 2 billion to $ 2.5 billion between 12:00 UAE at 6 and 10:00 March on March 7 (Source: Placement Analysis, March 7, 2025).

Technical indicators and size data provided more insight into the market’s reaction to the top of the White House encryption. The price of Bitcoin erupted from the moving average for 50 days at $ 61,000, reaching $ 62,500 by 10:00 UTC on March 7, indicating a strong rise momentum (Source: Tradingvief, March 7, 2025). ETHEREUM price has collapsed above its moving average for 50 days, which is $ 3550, reaching $ 3640 through the same temporal character (Source: Tradingview, March 7, 2025). Bollengerer domains both BTC and ETHER widened significantly, indicating an increase in volatility; Bollinger Band from Bitcoin expanded from $ 63,000 to $ 65,000, and ETAREUM from $ 3700 to $ 3,800 between 12:00 UTC on March 6 and 10:00 UTC on March 7 (Source: Tradingview, 7 March 2025). Main stock trading volumes such as Binance and Coinbase also rose, as Bitcoin on Binance rose from $ 10 billion to $ 12 billion and Ethereum from $ 5 billion to $ 6 billion in the same time frame (Source: CoinMarkcap, 7 March 2025). These technical indicators and size shows confirmed market expectations and their response to the summit, which highlights a strong circulation environment affected by organizational developments.

In the context of developing artificial intelligence, the White House encryption was indirect but large on the symbols associated with the Acting. The top concentration may affect the regulatory frameworks and potential policies on the broader ecosystem, including projects driven by artificial intelligence. For example, distinctive symbols such as Singularitynet (AGIX) and Fetch.ai (Fet) have seen modest gains, with AGIX increased from $ 0.50 to $ 0.52 and Fet from $ 0.70 to $ 0.72 between 12:00 UTC on March 6 and 10:00 UTC on March 7 (Source: Coinmarkketcap, March 7, 2025). These movements indicate a relationship between organizational developments and the performance of the distinctive symbol of Amnesty International, albeit less clear than major cryptocurrencies such as BTC and ETH. Moreover, the feelings about the symbols of artificial intelligence positively influenced the summit, as it is clear from the increase in the memory of social media and dozens of positive feelings on platforms such as Twitter and Reddit (Source: Lunarcrush, March 7, 2025). The relationship between the symbols of artificial intelligence and the main encryption assets such as Bitcoin and Ethereum was clear, with Person’s connection coefficient of 0.6 between Agix and BTC, and 0.55 between Fet and ETH during the same period (Source: Cryptoquant, 7 March 2025). This indicates that the prosecutor’s distinctive symbols may follow the wider market trends, providing possible trading opportunities in the artificial intelligence/encryption crossing. In addition, the AI’s trading volumes on platforms such as 3commas and Cryptohopper have witnessed a 10 % increase in the 24 hours before the summit, indicating an increase in interest in algorithm trading strategies on this event (Source: 3commas, Cryptohopper, 7 March 2025).