The encryption prices show signs of recovery with Bitcoin above 84 thousand dollars amid TradingView News.

The cryptocurrency market displays initial recovery signs of its worst month after three years after the bitcoin price btcusd It decreased to $ 78,000 a week, which saw the total market value in the area by more than $ 400 billion.

The decrease in prices has witnessed a decrease in the Crypto Fear & Greed index to 10, an unprecedented level since the 2022 bear market. However, it has since recovered to 20 while it is still in the scope of “extreme fear”.

The Bitcoin price has now increased by more than 3 % in the past 24 hours, to trade now above 84,400 dollars, while the broader Coindesk 20 index (CD20) increased by 1.5 % in the same period to 2700. Its performance is affected by the Sol diameter about 3 % in this period, while other components rise for this day.

The cryptocurrency market seemed to have caught an offer after the White House announced that US President Donald Trump would host the Chefir summit on March 7. The attendees are scheduled to include “prominent founders, executives and investors from the encryption industry, as well as members of the president working on digital assets, according to a press statement.

This event is the latest in the Trump management policies that support the crying. This comes after the US Securities and Stock Exchange Committee (SEC) fell lawsuits against Coinbase and Metamask Connsys, as well as investigations into Robinhood, Gemini, Uniswap Labs and Opensea.

In addition, Blackrock added the largest in the world, Blackrock, allocated from 1 % to 2 % of Ishares Bitcoin Trust IIbit To one of its typical portfolios. These models propose wallet strategies and balance that are later implemented by advisors and platforms. This is the first time that Blackrock has decided to add IBIT to any of its models, which opens the possibility of a new wave of demand for investment funds circulating in Bitcoin.

As of December 31, 2024, Blackrock Governor runs about $ 150 billion of assets. Read more: Bitcoin Dip-Buyers step on Friday, but what might bring weekends?