{"id":365858,"date":"2025-02-04T12:01:47","date_gmt":"2025-02-04T06:31:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/crypto-market-recovers-before-crypto-czar-david-sacks-digital-asset-leadership-conference-crypto-news\/"},"modified":"2025-02-04T12:04:36","modified_gmt":"2025-02-04T06:34:36","slug":"crypto-market-recovers-before-crypto-czar-david-sacks-digital-asset-leadership-conference-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-market-recovers-before-crypto-czar-david-sacks-digital-asset-leadership-conference-crypto-news\/","title":{"rendered":"Crypto Market Recovers Before Crypto Czar David Sacks\u2019 Digital Asset Leadership Conference &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>America\u2019s newly appointed AI and crypto Czar David Sacks will be hosting the first press conference on Tuesday, February 4, discussing America\u2019s leadership role in the digital assets industry moving ahead. The development was enough to put the crypto market on a strong recovery path after a brutal crash on Monday.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">Bitcoin price<\/a> is up 7%, reclaiming $100K levels. Altcoins, including Ethereum (ETH), XRP, Dogecoin (DOGE), and Cardano (ADA) have bounced back by 11-22%. Additionally, reports of Trump\u2019s trade wars easing up have provided additional fuel to the market.<\/p>\n<h2>Crypto Market Recovery \u2013 BTC, ETH, XRP, ADA See Strong Bounce Back<\/h2>\n<h3>Bitcoin Leads the Crypto Market Recovery<\/h3>\n<p>Bitcoin is leading the crypto market recovery today, gaining over 7% and surging all the way to $102,000. BTC has been subject to massive volatility over the fears of the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/us-mexico-agree-to-delay-donald-trump-tariffs-crypto-market-rebounds\/\" target=\"_blank\" rel=\"noopener\">Trump trade war<\/a> swinging all the way to $90,000 and recovering back above $100K, all within less than 48 hours.<\/p>\n<p>The recent recovery in Bitcoin comes as crypto czar David Sacks will hold the first press conference talking about America\u2019s digital asset leadership moving ahead. This has led to strong buying pressure, particularly from US investors.<\/p>\n<p>According to data from CryptoQuant, the Coinbase Premium Gap\u2014a metric reflecting the price difference between Bitcoin on Coinbase and other exchanges\u2014has surged to its highest level in 2025.<\/p>\n<figure id=\"attachment_236977\" aria-describedby=\"caption-attachment-236977\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-236977\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Bitcoin-Coinbase-Premium-Gap-scaled.jpeg\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Bitcoin-Coinbase-Premium-Gap-scaled.jpeg 2560w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Bitcoin-Coinbase-Premium-Gap-300x169.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Bitcoin-Coinbase-Premium-Gap-1224x689.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Bitcoin-Coinbase-Premium-Gap-768x432.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Bitcoin-Coinbase-Premium-Gap-1536x864.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Bitcoin-Coinbase-Premium-Gap-2048x1152.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Bitcoin-Coinbase-Premium-Gap-678x381.jpeg 678w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Bitcoin-Coinbase-Premium-Gap-150x84.jpeg 150w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/noscript><figcaption id=\"caption-attachment-236977\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<p>This spike indicates increased demand for Bitcoin among U.S.-based investors, a trend that could potentially fuel further price momentum for BTC.<\/p>\n<h3>Altcoins Recover A Day After Brutal Correction<\/h3>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/best-altcoins\/\" target=\"_blank\" rel=\"noopener\">Top altcoins<\/a> are recovering strongly, with Ethereum (ETH) leading with more than 12% gains in the last 24 hours, surging past $2,800. Ripple\u2019s XRP, Dogecoin (DOGE), and Cardano (ADA) have gained more than 20% reclaiming much of the lost ground over the past week.<\/p>\n<p>As Donald Trump prepares to create a new <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/donald-trumps-sovereign-wealth-fund-will-bitcoin-ethereum-be-included\/\" target=\"_blank\" rel=\"noopener\">Sovereign Wealth Fund<\/a>, crypto market analysts have turned optimistic about the potential inclusion of Bitcoin and Ethereum. Earlier today, <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/EricTrump\/status\/1886541132903133230\" target=\"_blank\">Eric Trump wrote<\/a> in an X post: \u201cIn my opinion, it\u2019s a great time to add ETH,\u201d raising further speculation.<\/p>\n<p>Furthermore, the XRP community has been pushing for having the Ripple token into America\u2019s crypto reserves. Ripple CEO Brad Garlinghouse said that it would be prudent to have a basket of digital assets as crypto reserves instead of just Bitcoin.<\/p>\n<p>Citing historical patterns from 2017 and 2021, market analysts are now hopeful that the altcoin season could kickstart anytime, triggering a mega bull run.<\/p>\n<figure id=\"attachment_236978\" aria-describedby=\"caption-attachment-236978\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-236978\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1200\" height=\"657\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Altcoin-Season.jpeg 1200w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Altcoin-Season-300x164.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Altcoin-Season-768x420.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Altcoin-Season-150x82.jpeg 150w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Altcoin-Season.jpeg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-236978\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Altcoin-Season.jpeg\" alt=\"\" width=\"1200\" height=\"657\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Altcoin-Season.jpeg 1200w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Altcoin-Season-300x164.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Altcoin-Season-768x420.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Altcoin-Season-150x82.jpeg 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/noscript><figcaption id=\"caption-attachment-236978\" class=\"wp-caption-text\">Source: Crypto Rover<\/figcaption><\/figure>\n<h2>What to Expect from Crypto Czar David Sacks\u2019 Conference?<\/h2>\n<p>Donald Trump\u2019s AI and crypto czar David Sacks will hold the first press conference on Tuesday, regarding America\u2019s leadership in digital assets moving ahead. He will be accompanied by other representatives from the US Congress.<\/p>\n<p>According to the announcement, Sacks will outline the White House\u2019s strategic approach to digital assets and the overall crypto market. This strategy is expected to address key areas such as regulatory policies, innovation incentives, and national security concerns.<\/p>\n<p>The event underscores the administration\u2019s commitment to collaborating with lawmakers to shape policies for the cryptocurrency and blockchain industries. It also signals a proactive stance on fostering growth and innovation in the sector.<\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" aria-label=\"whatsapp\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/crypto-market-recovers-before-crypto-czar-david-sacks-digital-asset-leadership-conference\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" aria-label=\"Twitter\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/crypto-market-recovers-before-crypto-czar-david-sacks-digital-asset-leadership-conference\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Bhushan Akolkar  <\/p>\n<\/p><\/div>\n<p>Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\" target=\"_blank\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" 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digital assets industry moving ahead. The development was enough to put the crypto market on a strong recovery path after a brutal crash on Monday. Bitcoin price is up [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":365860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-365858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=365858"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365858\/revisions"}],"predecessor-version":[{"id":365862,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365858\/revisions\/365862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/365860"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=365858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=365858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=365858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}