The price of Bitcoin has rebounded to $90,000 and is now consolidating. The industry is anticipating detailed guidelines on the accumulation strategy at the 'virtual assets summit' to be held at the White House on the 7th.
According to CoinMarketCap, a global virtual asset market monitoring site, Bitcoin was trading at $90,464 as of 8 a.m. on the 7th. This represents a decline of 0.04% from the previous day, barely maintaining the $90,000 mark.
Among altcoins, only Ripple is showing strength. Ripple is currently trading at $2.59, up 3.58% from 24 hours ago and 18.4% from a week ago. In contrast, Cardano, which was mentioned on the strategic accumulation list, has declined about 8% from the previous day but is up 41.1% from a week ago.
In the future, virtual asset prices are expected to move in response to the 'virtual assets summit' taking place at the White House on the 7th. Founders and CEOs from the virtual asset industry will attend the event. David Sachs, the White House's artificial intelligence (AI) and virtual asset coordinator, will chair the summit, and President Donald Trump will deliver a speech. Some speculate that President Trump may announce an executive order regarding the Bitcoin strategic accumulation plan during this event.