Analyst: The White House expects the market to remain high ahead of the first cryptocurrency summit on Friday

ChainCatcher news, according to The Block, Presto Research's research director Peter Chung stated, "Judging short-term price trends is always challenging, but given that White House AI and cryptocurrency chief David Sacks hinted at more content at the crypto summit in a recent tweet, the market is expected to remain elevated before Friday Eastern Time, unless there are adverse macroeconomic or tech earnings reports."

In addition to the summit-related outcomes, the latest developments regarding the CME listing Solana futures, which still require regulatory approval to be finalized, may further drive up SOL. Chung stated: "CME may not stop at SOL and could also launch XRP and ADA futures, especially after Trump's post, as these tokens are regaining the attention of traditional financial investors."