Crypto Market Sees Slight Rebound Ahead of Trump's Crypto Meeting
The crypto market is experiencing a slight rebound on August 18, with Bitcoin (BTC) rising to $64,200 at the time of writing. This increase comes ahead of President Trump's meeting with crypto executives on August 19.
Aave (AAVE) is leading altcoins, with its price up by 4% to trade at $89 at the time of writing. The total crypto market cap has increased by 0.49% today to $2.19 trillion at the time of writing, while all top ten cryptos apart from Bitcoin have registered gains or losses of less than 1%.
The meeting between Trump and crypto executives on August 16 is expected to focus on the CLARITY Act, which missed passing before the US Senate broke for recess on August 7. However, data from CoinGape prediction markets shows that there is only a 20% chance of the bill passing in 2026.