While the cryptocurrency market continues to be dynamic, the messages that will be delivered by US President Donald Trump at the Cryptocurrency 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 recent lawsuits in favor of cryptocurrency companies have created an optimistic atmosphere in the market, leading to increased interest in the summit. The summit, where prominent figures in the crypto industry will participate, could be a significant milestone for investors.

The announcement was made last week that the Cryptocurrency Summit will be hosted by the White House, attracting the attention of cryptocurrency investors to this summit set to take place tomorrow. The summit will bring together leading figures from the crypto industry, top executives, investors, and members of the Digital Asset Markets Working Group. President Trump will also make statements at the summit chaired by White House AI and Crypto Czar David Sacks. The focus is on Trump’s message tomorrow, where he is expected to announce that 5 cryptocurrency projects will be added to the US strategic reserves. His announcement regarding the US bitcoin reserve strategy is eagerly awaited. Trump’s statements are expected to have an impact on the markets and increase volatility. CRYPTO MARKET PEAKS WITH “TRUMP” ACTIVITY The cryptocurrency market has exhibited sharp price movements in recent times due to the Trump effect. Bitcoin, which started rising after Trump was elected US President and reached a price record of $109,000 in January, fell to $78,000 last week. Following this decline, when Trump announced that he would add 5 cryptocurrency projects (Bitcoin, Ethereum, Ripple, Solana, and Cardano) to the US strategic reserves, a rapid rise was observed in the market. During this period, Bitcoin reached $95,000 levels again. Some altcoins saw increases of over 30%. However, Trump’s statements about imposing tariffs on Canada, Mexico, and China brought declines to cryptocurrency projects again. With these developments, Bitcoin, which fell to around $81,000 at the beginning of the week, rose again and exceeded $90,000.

STATES ALSO PROPOSING RESERVE PLANS RELATED TO BITCOIN In the US, the effects of Trump’s establishment of a “crypto-friendly” economic management are seen in many areas. During the Democratic Party era, many cryptocurrency companies were sued by the US Securities and Exchange Commission (SEC), reflecting negatively on the market. However, in recent weeks, positive developments have occurred in many of these lawsuits in favor of cryptocurrency companies. The SEC announced that the ongoing lawsuit against the cryptocurrency exchange Coinbase and Coinbase Global has been dropped. Similar decisions were made regarding US-based exchanges Kraken, Robinhood, Gemini, and cryptocurrency companies Consensys, OpenSea, and Uniswap Labs. While investigations into cryptocurrency companies have been closed, proposals for adding Bitcoin to reserves at the state level in the US are also being presented to legislatures. If these proposals are approved in these legislatures, it will be possible for states to acquire Bitcoin reserves.