Is this a Rebound or a Bull Trap?
Today’s cryptocurrency market made a big comeback on the daily chart, with market cap rising 7.19% to $2.84 trillion. The bullish move comes after news of Donald Trump’s first crypto summit held at the White House on March 7. Despite the impressive peak, the volume of transactions remained almost the same, reaching $149.17 billion, reflecting the attitude of cautious investors. This is even obvious in the Fear and Greed Index, which has dropped to 20 points. Given the trend, we can expect the market to stabilize.
Bitcoin Fast to $85K
Bitcoin price has risen 7.76% to $85,820 in the past 24 hours, with a capital of $1.7 trillion. Having said that, BTC’s dominance is 60.06%, strengthening its stronghold. The latest challenge on the chart sparked discussions about whether it was a real recovery or a potential bull trap, and then another correction was made.
For an overview of future BTC prices, read our Bitcoin Price Forecast 2025, 2026-2030.
Today’s altcoin price
Ethereum and major altcoins followed the bullish moves of Bitcoin, with ETH up 6.87% and XRP soaring 9.07%. However, Solana stands out at a rate of 14.44%, reflecting investors’ interest in high-performance altcoins.
Curious about the future price of ETH? Check out our Ethereum price forecast 2025, 2026-2030.
The highest bonus and loser
The earnings in the top 100 are impressive, with TIA (+22.61%), HBAR (+21.33%) and Trump (+20.29%). On the failed side, Nexo (-0.95%) and XAUT (-0.26%) recorded slight losses, being the weakest performer in the originally bullish date.
FAQ
Bitcoin is currently priced at $85,820, reflecting 7.76% of the past 24 hours.
TIA (+22.61%), HBAR (+21.33%) and Trump (+20.29%) have released the biggest gains in today’s market.
Although the market shows strong momentum, the fear and greed index indicates caution. Traders are paying close attention to determine whether this is a sustainable uptrend or a short-term bull trap.
