Crypto Market Rebounds as Altcoins Rally Ahead of Trump Crypto Summit
Key Highlights:
- Cryptocurrency prices surge as anticipation builds for Trump’s upcoming crypto summit.
- Bitcoin and Ethereum gain momentum as investors focus on potential regulatory shifts.
- Altcoins show renewed strength amid speculation on policy announcements.
The cryptocurrency market is experiencing a strong rebound as investors look ahead to key discussions at the White House Crypto Summit on March 7, 2025. Hosted by U.S. President Donald Trump, the event is expected to bring together industry leaders, executives, and policymakers to discuss regulatory frameworks and economic policies surrounding digital assets.
Speculation is growing over possible tax reforms, including a proposed zero capital gains tax on crypto. However, even if introduced through a presidential executive order, the policy would still require approval from Congress before becoming law.
Crypto Market Surges Ahead of the Summit
Following a period of volatility, the global crypto market cap has climbed 4.08% to $2.86 trillion. Altcoins have bounced back, with Bitcoin up 4%, Ethereum gaining 5%, and XRP rising 6%. Other top cryptocurrencies, such as Solana and Binance Coin, have also followed the broader uptrend.
Bitcoin’s Price Outlook: Will BTC Break $90K?
Bitcoin’s price has rebounded by 5% in the last 24 hours, reaching $88,761 after bouncing from its $81,529 support level. However, resistance at $90,000 remains a key hurdle.
- RSI Indicator: 53.97 (Neutral Momentum)
- Key Resistance: $90,000
- Next Bullish Target: $100,000
- Potential Downside Support: $84,000
If Bitcoin can sustain its gains, a break above $90,000 could lead to a rally toward $100K. However, failure to hold its momentum may result in another retracement toward $84K. 
Ethereum Targets $3,000 Amid Renewed Optimism
Ethereum has surged past $2,200, supported by a strong market recovery. Currently trading around $2,240, ETH has seen a 7% increase in 24 hours.
- Support Level: $2,150
- Short-Term Target: $2,260 – $2,500
- Bullish Scenario: A 30% rally toward $3,000 if momentum sustains.
Market analysts remain optimistic that ETH could hit $3,000, especially if the Trump Crypto Summit delivers positive regulatory signals for the industry. 
XRP Holds Key Support, Eyeing a Breakout
Ripple (XRP) remains above critical support levels, consolidating near Fibonacci 0.888. Analysts suggest that historical patterns indicate a possible breakout.
- Short-Term Target: $8.5 – $13
- Fibonacci Extension Potential: $27 – $222
If past trends repeat, XRP could see a major price spike following the summit, especially if discussions favor regulatory clarity.
What’s Next for Altcoins?
If Bitcoin maintains key support levels, altcoins may continue their bullish trend. Typically, a strong BTC rally boosts investor confidence across the market, potentially pushing Solana, Binance Coin, Dogecoin, and Aave to new highs.
With anticipation building for the Trump Crypto Summit, investors are watching closely for any policy shifts or regulatory updates that could further drive the crypto market’s direction in the coming weeks.
