TL;DR
- Bitcoin surpassed $84,000 after several days of sideways movement, driven by a rebound in U.S. stock markets and a weaker dollar.
- The crypto market capitalization reached $2.74 trillion, with Ethereum and XRP gaining ground and Solana leading with a 7% increase.
- Uncertainty surrounding Federal Reserve policy and recent decisions by the Trump administration have fueled volatility, with liquidations exceeding $212 million in 24 hours.
Bitcoin (BTC) surpassed $84,000 after several days of sideways movement in the market. The recovery coincides with a rebound in U.S. stock markets and a depreciation of the dollar.
Bitcoin and the Market Recover
The total digital asset market capitalization increased by nearly 5%, reaching $2.74 trillion. Ethereum and XRP recorded slight gains, while Solana stood out with a 7% rise. Bitcoin, for its part, registered a 5.3% increase and is currently trading at $84,382 per unit.
The market experienced $212 million in liquidations over the past 24 hours. Bitcoin led with $91 million liquidated, followed by Ethereum with $30 million. Analysts attribute the volatility to uncertainty regarding Federal Reserve decisions and geopolitical factors that have kept investors on edge.
The latest macroeconomic data indicates easing inflation pressures. The Consumer Price Index report showed an annual increase of 3.1% in February, the smallest rise since April 2021. Meanwhile, the Producer Price Index remained unchanged from the previous month after a 0.6% increase in January. Although these figures initially sparked optimism, the lack of clarity on the Federal Reserve’s strategy continues to weigh on the market.
The BTC Reserve Triggered Adverse Reactions in the Market
Decisions by the Trump administration have also impacted the crypto market. In less than a month, total market capitalization has dropped by 20%, raising concerns among investors. The Fear and Greed Index reached its lowest level since June 2022, reflecting growing market skepticism.
The announcement of the U.S. government’s strategic Bitcoin reserve generated mixed reactions. The measure establishes that the reserve will be composed exclusively of assets seized by authorities, disappointing those who had anticipated direct purchases by the state. Concerns grew over the possibility that these reserves could be used for future market interventions.
Consumer confidence dropped in March, partly due to concerns over Trump’s tariff policy and its potential impact on inflation. The combination of regulatory uncertainty and doubts about economic strategy has limited the crypto market’s recovery, despite recent price rebounds in major digital assets
