Bitcoin (BTC) has seen an uptick in price as it heads into the weekend, raising speculation that the upcoming White House Crypto Summit on March 7, 2025, could drive further momentum for the cryptocurrency. This event, which will gather President Donald Trump, industry leaders, and policymakers, is expected to tackle key issues like stablecoin regulation, Bitcoin reserves, and broader digital asset oversight.

Bitcoin’s Weekend Price Action and CME Gap

In recent days, Bitcoin’s price has shown a notable shift, closing at $84,258 on Friday’s CME futures market. However, by the time of writing, the cryptocurrency’s price has risen to approximately $86,000—around a 2% increase over the weekend. This price movement has led some analysts to speculate that the formation of a CME gap could signal increased volatility heading into next week.

Crypto analyst Daan Crypto Trades pointed out that the gap between Friday’s CME close and Bitcoin’s current price could be indicative of potential price swings, as the market reacts to the outcomes of the White House summit. This could either trigger a breakout or a correction, depending on the regulatory declarations that follow.

The Significance of the White House Crypto Summit

While the full agenda for the White House Crypto Summit remains under wraps, two topics are expected to take center stage: stablecoin regulation and the potential creation of a U.S. Bitcoin reserve. Stablecoin regulation has been a growing concern, with Circle CEO Jeremy Allaire calling for U.S. registration requirements for stablecoin issuers. Additionally, Senator Bill Hagerty recently introduced legislation to regulate stablecoins, which could impact the dominance of stablecoins like Tether (USDT) and USD Coin (USDC) in the market.

Paolo Ardoino, CEO of Tether, stirred curiosity ahead of the summit with a cryptic tweet, saying, “Excited for next week. Something is about to change.” If stablecoin regulations are enforced, it could result in significant shifts in liquidity flows, particularly as Tether continues to hold a dominant position in global markets.

The idea of a U.S. Bitcoin reserve is also gaining traction, with 18 U.S. states actively considering Bitcoin reserve proposals. These state-level efforts have led to questions about whether the federal government will follow suit or leave Bitcoin adoption to the states.

Market Sentiment Ahead of the Summit

Bitcoin’s price action leading into the summit has been volatile. From February 25 to 27, Bitcoin dropped significantly, falling 9.3% from a high of $86,000 to a low of $78,000. However, the bearish trend was short-lived, and by February 28, Bitcoin rebounded sharply, rising 10.3% back to the $86,000 range.

As March begins, Bitcoin has entered a period of consolidation, trading in a narrower range between $84,000 and $86,000. This calm before the storm has led to a reduction in trading volumes, down by 30-40% from the volatile days in late February. With the CME gap and uncertainty surrounding the summit, Bitcoin’s price could either break higher or experience a retracement depending on what regulatory developments emerge.

What’s Next for Bitcoin?

For Bitcoin traders, the next key level to watch is the $87,000 resistance. If Bitcoin can break above this price point, it could signal the beginning of a bullish rally. On the other hand, if market sentiment weakens and Bitcoin fails to hold above the $86,000 mark, it could face a pullback to the CME gap at $84,258, a key support level for many traders.

While political events like this summit often fail to trigger immediate price action, the White House Crypto Summit could be an exception. With President Trump’s pro-crypto stance and ongoing regulatory shifts at the state level, this summit may signal a broader policy shift that could influence Bitcoin’s future trajectory.

Conclusion

Bitcoin’s price movement heading into the White House Crypto Summit shows promise, as it remains resilient despite recent volatility. If the summit results in clearer stablecoin regulations or a stronger push for Bitcoin reserves, it could drive a bullish surge for Bitcoin. However, a lack of meaningful policy changes could keep Bitcoin in a period of consolidation. As always, traders will need to keep a close eye on developments from the summit for any signs of regulatory clarity that could help propel Bitcoin to new highs.