Crypto prices show signs of recovery with Bitcoin over $ 84,000 in the middle of Trump’s plans on top
The cryptocurrency market shows the initial signs of recovery from its The worst month in three years After the price of Bitcoin (BTC) fell to $ 78,000 a week, which is why the overall market capitalization of the universe has fallen for over $ 400 billion.
Price movement has seen The Crypto of Fear and Greeding Index Dip to 10, not seen from the bears market 2022. However, he has since recovered at 20 while still in the range of “extreme fear”.
Bitcoin price has now increased more than 3% in the last 24 hours and now the store is over $ 84,400, while wider Coindesk 20 Index (CD20) It increased 1.5% in the same period to 2,700. Its performance affects the salts of urination almost 3% during this period, while other components are for the day.
The cryptocurrency market seemed to have caught an offer after the White House announced that US President Donald Trump Will would hosts the crypto summon On March 7, the summit participants were to include “distinguished founders, executives and investors from the KRIPTO industry, as well as members of the presidential work group for digital property, according to a press release.
The event is the latest sign of the Pro-Crypto of the Trump of Trump administration. It comes after the US Securities Commission (SEC) has rejected lawsuits against Coinbase -a metamas Developer Consensys, as well as investigations by Robinhood, twins, Uniswap Labs and OpenSe.
In addition, the world’s largest property manager, Blackkck, added 1% to 2% of the distribution of Ishares Bitcoin Trust (Ibit) One of his models portfolios. These models propose portfolio strategies and rebalances subsequently performed by advisers and platforms. This is the first time that Blackkrock has decided to add Ibit to any of his models, opening the potential for a new wave of demand for Bitcoin ETF.
From December 31, 2024. The Blackkock model portfolio manages about $ 150 billion. Read more: Bitcoin dip-clumps stepping on Friday, but what could be brought by weekend action?
