"Crypto Market Drops Following White House Crypto Summit"
The cryptocurrency market saw a notable drop after the conclusion of the White House Crypto Summit. Specifically, Bitcoin (BTC) decreased by 3.36%, reaching US$86,337, while Ethereum ($ETH ) dropped 3.50% to US$2,132 at the time of writing on Saturday (08/03).
Other major cryptocurrencies were also affected, with XRP plunging by 7.82%, and Cardano ($ADA ) facing a sharper decline of 10.15%.
This market volatility is largely attributed to the regulatory discussions held during the summit.
BTC
87,848.19
+0.64%
ETH
2,954.16
-0.07%
ADA
0.357
-1.21%
