Crypto Market Moves Ahead of White House Summit

Bitcoin Surges Beyond $92,000 Amidst Anticipation for Crypto Summit

In the Asian trading session on Thursday, Bitcoin witnessed a notable surge, surpassing the $92,000 mark. This rise in the market comes as traders eagerly await the upcoming White House Crypto Summit, set for March 7, which is expected to provide insights into future market trends.

Market Movements and Leading Performers

Bitcoin reached a peak of $92,700 before encountering some profit-taking, which led to a decline to $90,800 during the European morning trade. Among the major cryptocurrencies, Dogecoin (DOGE) led the upward movement with a 10% spike. Cardano’s ADA, Solana’s SOL, and Ethereum's ether (ETH) also benefitted from this positive wave, each rising by approximately 6%.

Slight Gains Among Others

Meanwhile, XRP and BNB Chain’s bnb experienced more modest appreciation, each recording a 2.5% increase. This performance was slightly below the 3.5% rise observed in the broader CoinDesk 20 (CD20) index.