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Digital currencies displayed significant gains after yesterday’s flash crash, which saw Bitcoin exploring the $91K vicinity.
Bulls triggered overnight recoveries after the United States president started delaying tariffs.
That shifted sentiments in the financial sector, catalyzing notable bounce-backs for cryptos over the past day.
Meanwhile, investor interest remained in the crypto sector ahead of the crypto and AI czar’s first conference.
David Sacks’s meeting will highlight the United States’ role in the cryptocurrency landscape, which strengthened crypto recoveries after yesterday’s brutal slump.
JUST IN: Donald Trump’s Crypto Czar David Sacks reportedly to hold press conference tomorrow to discuss how “to secure America as a leader in the digital asset ecosystem.” 🇺🇸
AI tokens lead market recovery
Cryptos endured massive volatility over the past day as Trump’s trade war concerns swayed BTC between $90K and above $100K.
Meanwhile, delayed tariffs and David Sacks’ anticipated press conference in the next few hours renewed optimism for digital assets.
Tokens associated with artificial intelligence reflected substantial gains on their price charts.
FET, TAO, and RENDER soared up to 14%, suggesting impressive trader optimism.
Source – CoigeckoExperts predicted 2025 to be the year of AI and crypto, and the upcoming Sacks conference could herald the movement.
The development attracted heightened buying pressure, especially from United States investors.
Coinbase Premium Gap indicator has soared to its 2025 peak, according to Coinglass.
That signals demand for BTC among US-based enthusiasts, which might strengthen Bitcoin’s gains.
David Sacks’ first conference: what to expect?
Trump’s appointed AI and crypto Czar will hold the first conference today at 2:30 pm (ET).
He will discuss how the United States plans to lead the crypto revolution in the coming years.
Other Congress representatives will join Sacks during the meeting.
The conference will highlight the White House’s calculated approach to dominating the crypto sector.
It is expected to address topics that have hindered crypto market growth, including national security worries, innovation incentives, and regulatory guidelines.
Meanwhile, the event confirms the Trump administration’s dedication to working with lawmakers to transform the blockchain and crypto industries.
Moreover, it underscores the new government’s proactive tactic in promoting innovation and growth in the space.
So let me get this straight….. Trump’s Crypto Czar, David Sacks, reportedly to hold press conference tomorrow to discuss how “to secure America as a leader in the digital asset ecosystem. Trump signs an Executive Order establishing a Sovereign Wealth Fund. World Liberty…
Crypto market outlook
Cryptocurrencies reflect bullishness as Bitcoin’s swift bounce-back to reclaim $100K triggered substantial altcoin recoveries.
Analysts expect continued rebounds as the United States prepares to launch a Sovereign Wealth Fund.
Eric Trump’s X post encouraging investors to accumulate ETH added to the speculations about Bitcoin and Ethereum’s inclusion in the new fund.
Further, popular analyst Michael van de Poppe predicts massive rallies for cryptocurrencies in the upcoming sessions.
#Bitcoin bounced back swiftly and is currently acting within the range. I assume we’ll see new ATHs in February and it’s quite normal to correct after such a strong bounce. Volatility through the roof, but, as long as Bitcoin remains above $93K, a new ATH is likely.
He highlighted Bitcoin’s swift rebound and possibilities of new all-time highs in February.
However, the bellwether crypto should steady above $93K for extended near-term rallies.
The post Digital assets recover ahead of AI & crypto czar’s first press conference: FET, TAO, RENDER lead gainers appeared first on Invezz
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