The White House crypto summit hosted by U.S. President Donald Trump on Friday is expected to lead to heightened activity in the cryptocurrency markets, according to analysis from STS Digital. There are rumors that Trump may announce the creation of a strategic Bitcoin reserve at the summit, deviating from previous hints at a basket of altcoins. Traders are bracing for increased price volatility following the summit, as indicated by the pricing of BTC, ETH, and SOL options on Deribit. Implied volatility suggests that BTC could swing nearly $5,000 in either direction, while ETH and SOL are expected to see movements of $135 and $13, respectively. However, large expected volatility often ends up being a disappointment in the crypto market.
ADA, SOL, XRP: Altcoins Under Consideration for U.S. Crypto Reserve Lag BTC in Retaking Sunday Highs