Trump’s first crypto summit comes on the heels of $1 trillion market rout – DL News
- Bitcoin has tumbled as much as 25% since Trump’s win.
- Trump will host the first crypto summit as markets enter “extreme fear.”
- The event will be led by David Sacks, with regulators and industry leaders.
The crypto market is licking its wounds after a $1.2 trillion wipeout.
Over the past month, digital assets have steadily bled value, but the downturn accelerated this past week as Bitcoin fell below $79,000 and Ethereum skidded another 21%.
Now, President Donald Trump is stepping in.
On March 7, the White House will host the first-ever crypto summit, a gathering of industry leaders, venture capitalists, and regulators.
The event will be led by White House artificial intelligence and crypto czar David Sacks, along with Bo Hines,…
