The post Bitcoin (BTC) Soars Ahead of White House Crypto Summit appeared on BitcoinEthereumNews.com.

The inaugural Crypto Summit will take place at the White House on Friday, hosted by President Trump, and attended by leading figures in the crypto industry. Bitcoin bulls are still battling to lift $BTC out of its 7-week slump. Could the Crypto Summit ignite the fightback? The Crypto Summit The Crypto Summit that takes place on Friday at the White House could potentially have quite an effect on Bitcoin’s future, regarding how it is treated in the US.  At present, just how much can be taken out of the summit is still up in the air. White House statements on the subject have generally been very broad as to what will be covered, and no firm objectives have been set. That said, there are certain subjects that are very likely to be looked at, and these include a U.S. Bitcoin/Crypto Strategic Reserve, a regulatory framework for digital assets, tax policies, and stablecoin oversight. President Trump will address the meeting, and David Sacks, AI and Crypto Czar will chair it. Bo Hines, Executive Director of the Working Group on Crypto will also play a role.  Among those confirmed as attending the Summit are Michael Saylor, Co-Founder and Executive Chair of Strategy (formerly MicroStrategy MSTR), Brian Armstrong, CEO of Coinbase, Arjun Sethi, Co-CEO of Kraken, and several other prominent figures in the space. Much optimism permeates crypto ahead of the Summit, and some concrete details could emerge around the setting up of a U.S. Bitcoin/Crypto Strategic Reserve, to name but one possible factor that could really fire the existing optimism and ignite the entire crypto space going forward. W pattern has potential to send $BTC higher Source: TradingView The 4-hour chart for $BTC shows how the price formed a higher low, and has since managed to tag the major ascending trendline, although…

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Filed under: News - @ March 8, 2025 7:09 am