Analyst: The White House expects the market to remain high ahead of the first cryptocurrency summit on Friday

2025-03-03 14:43:16

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ChainCatcher news, according to The Block, Presto Research's research director Peter Chung stated, "Judging short-term price trends is always challenging, but given that White House AI and cryptocurrency chief David Sacks hinted at more content at the crypto summit in a recent tweet, the market is expected to remain elevated before Friday Eastern Time, unless there are adverse macroeconomic or tech earnings reports."

In addition to the summit-related outcomes, the latest developments regarding the CME listing Solana futures, which still require regulatory approval to be finalized, may further drive up SOL. Chung stated: "CME may not stop at SOL and could also launch XRP and ADA futures, especially after Trump's post, as these tokens are regaining the attention of traditional financial investors."

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