Crypto Market Recovered: 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 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 latest chug up on the charts has sparked discussions on whether this marks a true recovery or a potential bull trap before another correction.
For an overview of BTC price in the future, read our Bitcoin Price Prediction 2025, 2026-2030.
Ethereum and major altcoins followed Bitcoin’s bullish move, with ETH rising 6.87% and XRP surging 9.07%. Solana, however, stood out with a remarkable 14.44% surge, reflecting renewed investor interest in high-performing altcoins.
Curious about ETH’s future price? Check out our Ethereum Price Prediction 2025, 2026-2030.
Among the top 100 gainers, TIA (+22.61%), HBAR (+21.33%), and TRUMP (+20.29%) posted impressive gains. On the losing side, NEXO (-0.95%) and XAUt (-0.26%) recorded minor losses, standing as the weakest performers in an otherwise bullish day.
Bitcoin is currently priced at $85,820, reflecting a 7.76% increase in the past 24 hours.
TIA (+22.61%), HBAR (+21.33%), and TRUMP (+20.29%) have posted the biggest gains in today’s market.
While the market is showing strong momentum, the Fear & Greed Index suggests caution. Traders are watching closely to determine whether this is a sustainable uptrend or a short-term bull trap.
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