
The crypto market experienced a mild recovery, increasing by over 1.2% to $2.84 trillion, driven by Bitcoin's rebound.
Factors contributing to the recovery include gold's record high, a stock market rally, and proposed SEC regulatory clarity regarding XRP and Bitcoin reserves.
Market sentiment improved, with Bitcoin's fear and greed index moving to neutral, indicating reduced fear of further market decline.
The total cryptocurrency market cap rose 1.2 percent in the past 24 hours, climbing to around $2.84 trillion on Saturday, March 15, 2025. This small but crucial recovery comes after a brutal two-month period where the market lost over $1 trillion in value.
Bitcoinโs price recovery set the tone for the wider altcoin market, which followed in a bullish trend. This eased concerns about further sell-offs, as reflected in the Bitcoin Fear and Greed Index, which climbed to 46 percent, signaling a shift toward market neutrality.
Hereโs whatโs driving the turnaround.
Key Drivers Behind Todayโs Crypto Surge
Gold Hits a New All-Time High
Gold prices have climbed more than 3 percent in the past three days, reaching an all-time high of around $3,000 per ounce. Since Bitcoin is often compared to gold as a store of value, speculation about a sharp BTC price rebound has gained momentum across social media.
As a result, the broader crypto market has benefited from Bitcoinโs price stability.
Stock Market Gains
The crypto marketโs recovery is also in line with gains in traditional financial markets. The S&P 500, NASDAQ, and the Dow have all rebounded by around 2 percent in the last 24 hours after a sharp decline earlier in the week.
Since the second inauguration of U.S. President Donald Trump
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President the wider crypto market has signaled a positive correlation with major stock indexes.
US SECโs XRP Proposal
Another key factor in todayโs market recovery is a proposal from the US Securities and Exchange Commission (SEC) suggesting that XRP should be classified as a payment asset rather than a security.
The SEC believes XRP can help free up funds held in US Nostro accounts, which could then be used to purchase more Bitcoin. This regulatory clarity has helped restore confidence in the broader crypto market, easing uncertainty among investors.
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FAQs
The crypto market is recovering, with a 1.2% surge in total market cap, Bitcoin rebounding, and improved investor confidence from SEC clarity.
Bitcoin is seen as digital gold, so its price often follows goldโs trends. Gold hitting $3K fueled speculation of a BTC price reversal.