President Donald Trump, who has multiple ties to the crypto industry, will host the sector's top players at a White House summit on Friday.

This is Frances Yue, crypto reporter at MarketWatch. President Donald Trump will host his first White House crypto summit this Friday. However, it may not be enough to lift up bitcoin’s price, which has struggled lately as concerns around tariffs weigh on all risk assets,

"There needs to be clear regulatory action for projects to change their current strategies to really open the U.S. market," one expert said.