#CryptoMarketWatch
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch.
President Donald Trump will host his first White House crypto summit this Friday. However, it may not be enough to lift up bitcoin’s price, which has struggled lately as concerns around tariffs weigh on all risk assets, some analysts noted.
Bitcoin
BTCUSD
-0.40%
climbed above $94,000 last Sunday, after Trump said his proposed crypto reserve would include not only bitcoin and ether
ETHUSD
-1.74%
but also XRP
XRPUSD
-1.41%
, solana
SOLUSD
+0.55%
and cardano
ADAUSD
-0.86%
. However, the largest cryptocurrency by market capitalization erased all its gains one day later and tumbled below $83,000 on Tuesday. It rebounded to trade near $90,000 on Wednesday, albeit still more than 17% off its record high at $109,225 reached on Jan. 20, the day of Trump’s inauguration.
