Skip to content

CryptoVert Blockchain App for iOS

Bitcoin, NFTs, News, and more!

Primary Menu
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
  • Home
  • Crypto
  • Crypto Prices Show Signs of Recovery With Bitcoin Above $84k Amid Trump’s Summit Plans
  • Crypto

Crypto Prices Show Signs of Recovery With Bitcoin Above $84k Amid Trump’s Summit Plans

cryptovert March 2, 2025 2 min read

The cryptocurrency market is showing initial signs of recovery from its worst month in three years after the price of bitcoin (BTC) plunged to $78,000 in a week that saw the space’s total market capitalization drop by over $400 billion.

The dip in prices saw the Crypto Fear & Greed Index plunge to 10, a level that hadn’t been seen since the 2022 bear market. However, it has since recovered to 20 while still being in the “extreme fear” range.

Bitcoin’s price has now risen more than 3% in the last 24-hour period to now trade above $84,400, while the broader CoinDesk 20 Index (CD20) rose 1.5% in the same period to 2,700. Its performance is being affected by SOL dipping nearly 3% in the period, while other components are up for the day.

The cryptocurrency market seemed to have caught a bid after the White House announced that U.S. President Donald Trump will host a crypto summit on March 7. Summit attendees are set to include “prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets, according to a press release.

The event is the latest sign of the Trump administration’s pro-crypto policies. It comes after the U.S. Securities and Exchange Commission (SEC) dropped lawsuits against Coinbase and MetaMask developer Consensys, as well as investigations Into Robinhood, Gemini, Uniswap Labs, and OpenSea.

In addition, the world’s largest asset manager, BlackRock, has added a 1% to 2% allocation of its iShares Bitcoin Trust (IBIT) to one of its model portfolios. These models propose portfolio and rebalancing strategies that are subsequently executed by advisors and platforms. This is the first time BlackRock has decided to add IBIT to any of its models, opening up the potential for a new wave of demand for bitcoin ETFs.

As of December 31, 2024, BlackRock’s model portfolios manage approximately $150 billion in assets.

Read more: Bitcoin Dip-Buyers Step in Friday, but What Might Weekend Action Bring?

Continue Reading

Previous: White House Announces Crypto Roundtable for Next Week
Next: Bitcoin ETFs Finally Snap Eight-Day $3.2B Outflow Streak With $94.3M Inflows

Related Stories

SUI Drops 10% to $3.02, but Is a Turnaround Forming After Buyers Step In Near $3?
2 min read
  • Crypto

SUI Drops 10% to $3.02, but Is a Turnaround Forming After Buyers Step In Near $3?

June 14, 2025
Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
2 min read
  • Crypto

Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback

June 14, 2025
Solana’s SOL Falls 8% to $147 Despite Standard Chartered’s $275 Year-End Target
2 min read
  • Crypto

Solana’s SOL Falls 8% to $147 Despite Standard Chartered’s $275 Year-End Target

June 14, 2025

You may have missed

Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
2 min read
  • Crypto

Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback

June 14, 2025
SUI Drops 10% to $3.02, but Is a Turnaround Forming After Buyers Step In Near $3?
2 min read
  • Crypto

SUI Drops 10% to $3.02, but Is a Turnaround Forming After Buyers Step In Near $3?

June 14, 2025
Weekly Recap: Milestones Galore for Stablecoins
2 min read
  • Crypto

Weekly Recap: Milestones Galore for Stablecoins

June 14, 2025
Solana’s SOL Falls 8% to $147 Despite Standard Chartered’s $275 Year-End Target
2 min read
  • Crypto

Solana’s SOL Falls 8% to $147 Despite Standard Chartered’s $275 Year-End Target

June 14, 2025
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
Copyright © All rights reserved. | MoreNews by AF themes.