While volatility continues in the cryptocurrency market, the messages that US President Donald Trump will deliver at the Crypto Summit to be held at the White House tomorrow will be closely monitored.

The “crypto-friendly” economic policies of US President Donald Trump and the lawsuits that have been in favor of cryptocurrency companies in recent weeks have created an optimistic atmosphere in the market, increasing interest in the summit. The summit, where leading figures in the crypto industry will participate, can be a crucial turning point for investors.

When the White House announced last week that the Crypto Summit would be hosted, cryptocurrency investors focused on this summit to be held tomorrow. The summit will bring together leading figures from the crypto industry, top executives, investors, and members of the Digital Asset Markets Working Group. At the summit, hosted by White House Artificial Intelligence and Crypto Czar David Sacks, Trump will also make statements. Eyes are turned to Trump’s messages to be delivered tomorrow, as he announced adding 5 crypto projects to the US strategic reserves. Trump is expected to announce the US bitcoin reserve strategy here. It is foreseen that Trump’s statements will be influential on the markets and increase volatility.

CRYPTO CURRENCY MARKET “TRUMP” VOLATILITY The cryptocurrency market has experienced sharp price movements in recent times due to the Trump effect. Bitcoin, which rose sharply with Trump’s election as US President and reached a price record of $109,000 in January, fell to $78,000 last week. Following this decline, a rapid rise was observed in the market when Trump announced adding 5 crypto projects (Bitcoin, Ethereum, Ripple, Solana, and Cardano) to the US strategic reserves. Bitcoin reached $95,000 levels again during this period. In some altcoins, the increase exceeded 30%. However, Trump’s statements about imposing tariffs on Canada, Mexico, and China again brought a decline in crypto projects. With these developments, Bitcoin, which fell to levels around $81,000 at the beginning of the week, rose again and exceeded $90,000.

STATES ALSO PROPOSING RESERVE BILLS RELATED TO BITCOIN The effects of establishing a “crypto-friendly” economic management by Trump in the US are seen in many areas. During the Democratic Party period, the US Securities and Exchange Commission (SEC) filed lawsuits against many cryptocurrency companies, negatively impacting the market. However, in recent weeks, favorable developments occurred in many of these lawsuits in favor of cryptocurrency companies. SEC announced that the ongoing lawsuit against the crypto exchange Coinbase and Coinbase Global was dropped. Similar decisions were made about US-based exchanges Kraken, Robinhood, Gemini, and cryptocurrency companies Consensys, OpenSea, and Uniswap Labs. In the process of closing the investigations into cryptocurrency companies, bills proposing the addition of Bitcoin to reserves at the state level in the US are being submitted to legislatures. If these bills are approved in these legislatures, the states will also be able to obtain Bitcoin reserves.