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Traders invest $175B on Bitcoin, XRP, and AI before White House meeting
The cryptocurrency market rose 6% to $175 billion before the White House Crypto Summit.
Bitcoin price confronts resistance above $93,000 as traders choose high-volatility altcoins.
XRP broke over $2.50 barrier on Thursday following a week of consolidation.
Near Protocol and Render led the 3.9% crypto AI token market cap growth.
The global crypto market value rose 6.2% in 24 hours as traders bought ahead of the White House Crypto Summit on Friday. Investors prefer altcoins over BTC, according to sector-wide pricing patterns.
The White House Crypto Summit is expected to produce more altcoin-friendly policies after President Donald Trump added four cryptocurrencies to the crypto strategic reserve.
Chainlink (LINK), Ripple (XRP), and Cardano (ADA), which have become close to the Trump administration in recent months, are up at press time on Thursday.
Top crypto AI tokens including Near Protocol (NEAR) and Render Network (RNDR) gained 9% each, surpassing the market.
Bitcoin market updates:
Bitcoin fell 2% from its 24-hour top of $92,800 to $89,900 on Thursday.
The third day of outflow this week led to Bitcoin price regression.
Market updates: Altcoin
Ethereum reclaimed $2,200 with a 2% gain.
The Ripple price rose 4%. After breaking $2.50, XRP may see weaker resistance as it approaches $3.
Chainlink (LINK) reached $20 for the first time this week, up 11%.
Investors expect TradFi and DeFi integration at the White House Crypto Summit to boost profits due to Chainlink's recent relationship with Trump's DeFi platform World Liberty Financial (WLFI) and SWIFT.
Latest crypto news:
New York State Assembly presents crypto fraud bill A05515.
The New York State Assembly presented a law to combat cryptocurrency fraud such "rug pulls," private key theft, and hidden token interests.
#WhiteHouseCryptoSummit MtGoxTransfers #TrumpCongressSpeech MarketRebound #FTXrepayment $BTC $ETH $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
88,813.13
-0.24%
XRP
2.5664
+3.53%
NEAR
3.117
#GT 2024 Q4 Burn Completed #White House Crypto Summit #Crypto Market Rebounds