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After Trump announced the White House summit news, the prices of multiple currencies experienced a significant pump, with an increase of over 70%. There may be multiple reasons behind this phenomenon. On the one hand, the market has high expectations for the summit, believing that it may bring some Favourable Information such as more relaxed regulatory policies, more application scenario expansions, etc., thereby driving the value of Crypto Assets. On the other hand, it may also be investors' herd behavior, seeing the pump trend in the market and rushing in, further pushing up the price rise.
Earlier, Trump had ordered the working group responsible for digital assets to push for Cryptocurrency. He revealed a plan for a multi-asset reserve, rather than just focusing on Bitcoin.
It is worth noting that Howard Lutnick, the US Secretary of Commerce, emphasized that the US government's attitude towards Bitcoin is different from other encryption assets. He suggested a positive approach to altcoins, but this does not equate to the treatment plan for Bitcoin. He believes that Bitcoin is different from other cryptocurrencies in candidate plans.
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