Why is the encryption market today? BTC above 84 thousand dollars and reduces fear of encryption; Trump Summit, Blackrock Boost

The cryptocurrency market displays the signs of primary recovery from The worst month in three years After the Bitcoin price (BTC) decreased to $ 78,000 a week, which witnessed the total market value of the area by more than $ 400 billion.

He witnessed the decrease in prices Crypto Fear & Greed Index He fell to 10, an unprecedented level since 2022 Bear Market. However, since then, he has recovered to 20 while still in the scope of “extreme fear”.

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

It seems that the cryptocurrency market has caught an offer after the White House announced that US President Donald Trump Hosting the coding top 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’s working group 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 (IBIT) 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 Bairers step on Friday, but what might bring work at the end of the week?