Currently, the list of participants for the cryptocurrency summit held at the White House on March 7.
Michael Saylor
Executive Chairman of MicroStrategy, a staunch supporter of Bitcoin, has confirmed attendance.Brad Garlinghouse
CEO of Ripple, will participate in discussions on stablecoin regulation and cross-border payments.Brian Armstrong
CEO of Coinbase, has confirmed attendance.Sergey Nazarov
Co-founder of Chainlink, may participate in the summit but has not been fully confirmed.JP Richardson
CEO of Exodus, has confirmed attendance.Matt Huang
Co-founder of Paradigm, invited to attend.Vlad Tenev
CEO of Robinhood, hinted at attending the summit in Washington.
Government and Regulatory Representatives
President Donald Trump will personally host the summit and deliver a speech.
David Sacks
Head of AI and Cryptocurrency Policy at the White House, will host the summit.Bo Hines
Executive Director of the Presidential Digital Asset Working Group, responsible for coordinating the meeting.
Members of the Presidential Digital Asset Working Group
Includes senior officials from agencies such as the Treasury Department, Justice Department, SEC, CFTC, etc., including Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Attorney General Pam Bondi.
Next, I will briefly analyze the popular cryptocurrencies in the recent market (mid-term level).
First, let's look at Ethereum,
From a weekly perspective, Ethereum has maintained a price above $1789 since breaking through the 30MA at the weekly level. Although it briefly fell below the 30MA, the price returned above it within just four months.
This year, Ethereum's price fell below the 30MA at the weekly level and recently dropped below $2000, but the lowest point still remains above $1789. Therefore, from a mid-term perspective, Ethereum's price is still in a bullish cycle and is close to the bottom position. The short-term resistance level is around $2900. The mid-term resistance level remains around $4000, as Ethereum's price has repeatedly touched $4000 without completing a volume breakout and stabilizing, which is the main reason for its inability to break new highs this time. Therefore, Ethereum's price can only continue to test the $4000 mid-term pressure area after successfully stabilizing above $2900.
Bitcoin,
As the cryptocurrency with the highest ETF inflow in this bull market. From a weekly perspective, Bitcoin's price recently reached around $78258 and touched $81500 again this week. Although the price fell below the 30MA at the weekly level, it stabilized above it at closing.
From the K-line perspective, Bitcoin has repeatedly touched above $100,000, but the price has not stabilized above that level and quickly fell back below $100,000. This indicates that this is a psychological selling price for ancient whales and institutions. However, Bitcoin still has large institutions and whales buying, so it is normal for the market price to drop after profit-taking. The high volatility faced during high-level turnover is also the main reason for the violent drop and rapid rebound in coin prices in recent weeks. The short-term weekly pressure level is around $96500. As long as it can break through this level with volume, Bitcoin's historical high will be refreshed again with the influx of funds within the year.
SOL
As one of the hottest public chains in this bull market, SOL saw a plethora of golden dogs last year, with high transaction speeds and low gas fees leaving Ethereum far behind. From a weekly perspective, after SOL's price reached above $200 during this bull market, it underwent a long period of consolidation, with a dense chip distribution in the range of $105—$146. After that, the price broke through the historical high, reaching nearly $300.
However, recently SOL is facing unlocking auctions, leading to a continuous decline in price over the past few weeks, with the lowest price now in the accumulation zone of the bull market cycle. But with the end of the SOL auction, and the negative news dissipating, whales will re-enter the market. The MEME tokens that once gained popularity with SOL will also see varying degrees of rebound. As long as the short-term pressure level of $245 is broken, SOL is still expected to see $400 within the year (as predicted in early 2023).
XRP
As an established altcoin, XRP has become another dark horse in this bull market, currently ranking third in market capitalization, far surpassing some old altcoins like LTC, BCH, and ETC that once stood alongside it.
From a weekly perspective, XRP's price quickly rose from around $0.5 to a maximum price of $3.4, an increase of about six times. However, during the rise, XRP quickly retracted from the support level around $2 multiple times, indicating that $2 is a good support level. The upper resistance level for XRP is $3, where large institutions frequently change hands, causing the price to spike multiple times at the weekly level. However, recently, as one of the strategic reserves mentioned by the president, XRP will follow the market for a new round of rally after the turnover is completed.
In recent weeks, the market has been tough for everyone, with altcoins being halved repeatedly. The cryptocurrencies that have surged in the market are basically unrelated to most. As I always say, a bull market without altcoins is not a complete bull market; a bull market must come with an altcoin season. If it doesn't attract new participants and doesn't let everyone earn to the point of losing their minds and rushing forward, how can the market makers harvest? The altcoin season can complete the gains of other mainstream cryptocurrencies in just a few months, so when you seek high returns, the risks you face are also increasing.
Friends who, like me, are spot holders, should patiently hold onto their coins; as long as they are not delisted, there is still a chance in this bull market. For those who haven't entered the market, I can't persuade you anymore; you can choose to observe or enter.
If you have any questions, feel free to consult the assistant or leave a message in the comment section below.
Thank you all for your long-term support of me!
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