Bitcoin prices are fluctuating around the $90,000 mark. With the upcoming ‘Virtual Asset Summit’ at the U.S. White House, there is growing market anticipation, leading to slight price fluctuations. According to CoinMarketCap, Bitcoin was trading at around $90,100 as of 9 a.m. on the 7th, down about 0.5% from 24 hours earlier. It had dropped to the $88,000 range but rebounded, moving between the upper $89,000 range and the low $90,000 range. In major domestic exchanges, it’s being traded at around 132 million KRW.
Among the major altcoins identified by President Donald Trump as strategic reserve assets, only XRP (Ripple) showed a high increase. XRP rose to $2.6, up 4.18%, the highest increase among major altcoins. Meanwhile, Ethereum, a leading altcoin, dropped 1.76% to $2,207, Solana fell 1.89% to $144, and Cardano is down 6.6% over the past 24 hours at $0.91. However, compared to a week ago, Cardano has risen by 42%.
The industry is hopeful about the ‘Virtual Asset Summit’ to be held at the U.S. White House on the 7th (local time, 8th Korean time). President Trump is expected to deliver a speech at the event, which will be hosted by David Sax, the White House AI and Virtual Asset Czar, with major figures from the virtual asset industry in attendance. Some speculate that an executive order regarding a Bitcoin strategic reserve plan might be announced during the event. President Trump has previously stated plans to create a ‘Strategic Virtual Asset Reserve’, including Bitcoin, Ethereum, XRP, Solana, and Cardano, to foster the virtual asset industry.
The Virtual Asset Summit is scheduled to take place from 3:30 a.m. to 7:30 a.m. on the 8th, Korean time.