Posts

Showing posts with the label crypto market

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

Image
The rebound comes amid a planned crypto summit hosted by Donald Trump and BlackRock’s inclusion of bitcoin in its model portfolios. What to know: Bitcoin’s price has risen above $84,400, while the broader CoinDesk 20 Index rose more than 1.5% in a day. U.S. President Donald Trump will host a crypto summit   on March 7, featuring prominent figures from the industry BlackRock has added its spot bitcoin ETF to one of its model portfolios. 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...