Summary: Bitcoin fell 9% as speculation swirls around Donald Trump’s proposed national cryptocurrency reserve, sparking market volatility ahead of the 7th March White House Crypto Summit. Co-hosted by David Sacks, the event will gather top industry leaders to discuss the future of digital assets. Traders are eyeing potential tax exemptions for US-based cryptocurrencies, while altcoins like Solana, NEAR, and Render experience sharp declines in the lead-up to the summit.
4-3-2025 – Bitcoin tumbled 9% amidst swirling speculation over Donald Trump’s proposed national cryptocurrency reserve, sending ripples through digital asset markets just days before a pivotal White House Crypto Summit. The former president’s unexpected focus on XRP, Solana and Cardano has ignited fierce debate within financial circles regarding America’s digital currency future.
Scheduled for 7th March, the high-profile gathering—co-hosted by tech entrepreneur David Sacks—will assemble an influential cohort of cryptocurrency chief executives, founders and regulatory figures to chart America’s course in the rapidly evolving digital asset landscape.
Veteran market analyst Capo Of Crypto has identified several promising altcoins potentially poised to benefit from the summit’s outcomes, despite the current market turbulence.
Perhaps the most contentious proposal circulating involves the potential elimination of capital gains tax on American-issued cryptocurrencies. Eric Trump reportedly confirmed in January that domestically-based digital assets such as XRP might enjoy complete tax exemption, whilst foreign-originated projects could face substantial 30% levies.
Such a dramatic policy shift would likely catalyse significant price appreciation for American-linked tokens, creating a two-tier market structure that heavily favours domestic projects.
Market experts eye strategic opportunities
Against this backdrop of regulatory uncertainty, seasoned traders are strategically positioning their portfolios. Capo Of Crypto has recently accumulated several altcoins expected to benefit from potential summit announcements.
Constellation (DAG), a relatively obscure token with governmental connections, continues forming what analysts describe as a promising bullish pattern despite persistent downward pressure. The project currently struggles against resistance at the $0.050 level, though its governmental links make it particularly noteworthy ahead of regulatory discussions.
NEAR Protocol has suffered a 14% retreat from yesterday’s peak despite its prominent American associations and technical resilience. Similarly, Render—focused on artificial intelligence and three-dimensional rendering technology—has experienced a 15% decline, reducing its market capitalisation to $1.82 billion but potentially offering value-conscious investors an attractive entry point.
The Ethena token (ENA) has likewise fallen 16% to $0.35, with its market valuation settling at $1.12 billion. Meanwhile, Solana—specifically mentioned in Trump’s cryptocurrency reserve proposal—hovers around $137 as investors anxiously monitor its performance ahead of the summit.
As the 7th March gathering approaches, these digital assets may experience pronounced price volatility, particularly should new crypto-friendly regulatory frameworks emerge from discussions.
