Is this a Rebound or a Bull Trap?
The crypto market today has made a strong comeback on its daily chart, with a jump of 7.19% in its market cap to $2.84 trillion. The bullish move followed the news around Donald Trump hosting the 1st crypto summit at the White House on March 7. Despite the impressive spike, the volume of trades remains nearly unchanged at $149.17 billion, reflecting cautious investor sentiment. This is even evident on the Fear & Greed Index, which has dropped to a score of 20. Considering the trends, we can expect the market to stabilize.
Bitcoin Fast Tracks to $85k
Bitcoin price has surged by 7.76% to $85,820 in the past 24 hours, with a capitalization of $1.7 trillion. That being said, BTC dominance stands at 60.06%, reinforcing its stronghold. This…
