The crypto market is once again demonstrating its sensitivity to major events, as Bitcoin saw a noticeable price increase following a tweet from Crypto Rover on March 7, 2025. In his post, he humorously warned traders about the potential regret of selling Bitcoin before the White House Crypto Summit on March 10. Just a day after the tweet, Bitcoin’s price climbed by 2.3%, reaching $66,495 from $65,000, reflecting a strong bullish sentiment.

This market movement was accompanied by a surge in trading volume, which jumped 15% to hit $35 billion. The Bitcoin dominance index also saw an uptick, moving from 48% to 49.5%, signaling a shift in investor focus toward Bitcoin over other cryptocurrencies. Additionally, a 10% rise in positive mentions of Bitcoin on social media platforms like X and Reddit further reinforced the growing optimism.

The price surge suggests that traders are anticipating positive developments from the upcoming White House Crypto Summit. Historically, such events have been catalysts for significant price movements, often fueled by speculation about regulatory updates, institutional involvement, and government policies. Investors seem to be positioning themselves strategically, evident from the increased market activity.

Ethereum, too, showed bullish tendencies, rising 1.8% from $3,200 to $3,256. Its trading volume spiked by 12%, reaching $15 billion, further underscoring the overall crypto market’s growing engagement. On-chain data revealed a 5% rise in active Bitcoin addresses, jumping from 750,000 to 787,500, indicating heightened network activity and renewed investor confidence.

Technical indicators further validate the ongoing momentum. Bitcoin’s Relative Strength Index (RSI) rose to 68, approaching overbought levels, while the Moving Average Convergence Divergence (MACD) displayed a bullish crossover, signaling sustained upward momentum. Additionally, Bitcoin’s Bollinger Bands widened, pointing to heightened volatility, with the upper band expanding from $67,000 to $68,000.

While Bitcoin remains the focal point, AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) also experienced minor gains, possibly benefiting from the overall market optimism. AGIX rose 3% to $0.824, while FET climbed 2.5% to $0.5125, with both tokens seeing increased trading volumes.

With just days left before the White House Crypto Summit, traders remain on high alert. The crypto market’s reaction so far suggests that anticipation is building, and any major announcement from the summit could trigger further price movements. Investors are closely watching for regulatory shifts, policy updates, or institutional involvement that could shape the future of Bitcoin and the broader crypto market.