The bitcoin, which had sharply dropped, has recovered to the $87,000 level. Ripple, Solana, and Cardano, mentioned by U.S. President Donald Trump in his 'strategic reserve' list, are also on the rise.
According to CoinMarketCap, a global cryptocurrency market tracking site, the price of bitcoin, which was around $82,000 at midnight, started to rebound and was traded at $87,514 at 8 a.m. Ethereum, which had fallen to $2,000, also rebounded to $2,170 around the same time.
In particular, Ripple, Solana, and Cardano, mentioned by President Trump as 'strategic reserve' targets, are showing strong performance. Ripple was traded at $2.45, up 2.16% from 24 hours ago. Solana increased by 1% to $144.02, and Cardano recorded an 8.28% increase to $0.93.
The day's rebound is interpreted as being due to anticipation for the 'virtual assets summit' being hosted by the White House on the 7th. Founders and CEOs from the cryptocurrency industry will attend the event. David Sachs, the White House's artificial intelligence (AI) and cryptocurrency policy lead, will preside over the summit, and President Trump will deliver a speech.