The cryptocurrency market is bracing for a high-impact week as former US President Donald Trump prepares to host a cryptocurrency summit at the White House on March 7. 

According to Greeks.live, the event, set to shape the future of digital asset regulations, comes amid volatile Bitcoin price action, shifting investor sentiment, and crucial macroeconomic events that could significantly influence market direction.‍

Trump’s Crypto Summit: A Game-Changer for Bitcoin?

Scheduled for Friday, March 7, the White House Crypto Summit will bring together policymakers, industry leaders, and blockchain advocates to discuss the future of US digital asset policy. Trump, who recently announced the US Crypto Strategic Reserve, has positioned himself as a pro-crypto leader, a stark shift from his earlier skepticism.

His recent statements declaring that the US will become the “Crypto Capital of the World” have already sparked a market rally, with Bitcoin (BTC) surging past $94,000. 

Traders are now closely watching whether the summit will yield regulatory clarity, institutional adoption incentives, or government-backed digital asset initiatives, which could further fuel bullish momentum.‍

Macroeconomic Events Driving Bitcoin’s Price Volatility

While crypto markets are laser-focused on Trump’s summit, broader macroeconomic factors will also play a critical role in shaping investor sentiment. The US unemployment rate and non-farm payrolls report, both set for release on Friday, could impact Bitcoin’s trajectory as they influence Federal Reserve policy expectations.

Additionally, key events leading up to the summit include:

• March 4: US tariffs on Canada and Mexico come into effect, adding to global economic uncertainty.
• March 5: US ADP Employment Report releases, offering a glimpse into labor market strength.
• March 6: The European Central Bank (ECB) announces its interest rate decision, followed by a press conference from ECB President Christine Lagarde, which could influence global risk appetite.‍

‍Bitcoin’s Market Reaction: A Shift from Fear to Greed

Bitcoin experienced a sharp rally over the weekend, surging past $94,000, driven by optimism surrounding Trump’s crypto-friendly policies. Market sentiment flipped from extreme pessimism to renewed confidence, with traders reacting to Trump’s support for Bitcoin, Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) in the proposed US Crypto Strategic Reserve.‍

Options Market Signals Increased Volatility

The surge in crypto prices has led to heightened activity in the Bitcoin options market. Implied volatility (IV) for short-term options has jumped to 70%, while the full-term IV has risen to 55%, reflecting increased uncertainty. With multiple market-moving events ahead, traders are actively positioning themselves using options strategies to hedge against potential price swings.‍

Bitfinex Rate Market Watch: A Crucial Indicator

The Bitfinex funding rate market, which reflects borrowing costs and leveraged trading sentiment, has remained relatively stable in recent days. However, with Friday’s high-stakes economic data and Trump’s summit looming, analysts suggest closely monitoring rate fluctuations for signs of shifting market dynamics.‍

What’s Next for Crypto Markets?

With Trump’s crypto policies, US tariffs, and economic indicators colliding, this week presents a rare trading opportunity for both long-term investors and short-term traders. 

If the White House Crypto Summit delivers positive regulatory clarity, Bitcoin and the broader crypto market could experience further upside momentum. However, any hawkish economic surprises—such as a stronger-than-expected jobs report leading to fears of Federal Reserve tightening—could introduce downside risk.

As the countdown to March 7 continues, all eyes remain on the White House, Bitcoin’s price action, and the macroeconomic backdrop—making this one of the most pivotal weeks for crypto markets in 2025.

Read more: President Trump unveils US crypto strategic reserve, market reacts with surge