Trump plans to hold the first-ever cryptocurrency summit in history.

On March 7, U.S. President Donald Trump will speak at the first-ever crypto summit held at the White House. 

This information was reported by Axios.

The summit will be led by White House Deputy Chief of Staff David Sachs, with the proceedings managed by Bo Hines, the Executive Director of the U.S. President's Working Group on Digital Assets.

The event is organized against the backdrop of a decline in the cryptocurrency market and a drop in Bitcoin's price, which is 22% below its all-time high. According to the crypto tracker CoinGecko, the total market capitalization of all cryptocurrencies has fallen by 13% in just the past week.

Background. Previously, Mind reported that Trump's tariffs shook the markets, causing Bitcoin to drop below $100,000. The primary reason is the trade war between the U.S. and Canada, Mexico, and China following the imposition of 25% and 10% tariffs.