Crypto Markets Rebound as Traders Eye White House Summit for Key Industry Developments

About Crypto Markets Rebound as Traders Eye White House Summit for Key Industry Developments

Cryptocurrency markets made a strong comeback on Tuesday, reversing previous declines. This resurgence is linked to growing anticipation for the upcoming crypto summit at the White House. Data from IntoTheBlock reveals a notable increase in the volume of large transactions, active daily addresses, and substantial high-value trades. Following last week's Bitcoin price dip, active addresses soared to their highest since December. While the market shows resilience, exchange net flows spiked, and liquidations affected nearly 300,000 traders, leading to substantial losses close to a billion dollars.