White House crypto summit opened high and closed low, Bitcoin is strongly resilient, altcoins are sold

PANews reported on March 8 that according to Jinshi, the highly anticipated White House cryptocurrency summit has come to an end, but the result has disappointed cryptocurrency traders and failed to trigger the hot market expectations. Compared with Bitcoin, altcoins such as Ripple, Aida and SOL have fallen significantly. The results of the summit were relatively plain, with only promising to formulate a legislative framework for stablecoin by August and promised to adopt looser regulatory measures. These measures failed to ignite market sentiment as scheduled. Trump's previous pledge to build a strategic cryptocurrency reserve including Bitcoin, Ethereum, Ripple, etc. has triggered a massive rebound in cryptocurrencies as traders bet on major policy changes. However, White House AI and cryptocurrency adviser Sax clarified that the five cryptocurrencies Trump mentioned were just examples and were not formal commitments, which extinguished market optimism.