Crypto▲ Bullish
Trump's Crypto Meeting Ignites $215 Billion Altcoin Surge
Altcoins added $215B after Trump's meeting signaled policy support. Bitcoin returned above $70K, Ethereum jumped 18% as traders repriced the outlook. The rally wiped out $3B in leveraged positions.
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Altcoins added roughly $215 billion in market value over three days after President Donald Trump signaled fresh support for US crypto policy during an August 19 White House meeting with industry executives.
The meeting triggered a broad rally across major tokens. Bitcoin (BTC) moved back above $70,000. Ethereum (ETH) briefly pushed past $2,300 before giving back part of the advance. Total crypto market capitalization climbed, then retreated slightly in subsequent trading.
Trump called for Congress to pass a "fair" version of the CLARITY Act and said the United States should remain the global leader in Bitcoin, crypto, prediction markets and artificial intelligence. The remarks arrived as regulators were already examining possible exemptions and frameworks for parts of the digital-asset sector.
Traders said the White House had adopted a more accommodating stance. No formal purchase plan or legislative breakthrough was announced. The prospect of a more supportive environment was enough to force a rapid repricing across major tokens.
Ethereum rose about 18% in 24 hours during the initial move. The rally liquidated more than $3 billion in leveraged positions, data from Coinglass showed. Many traders had been positioned against the market.