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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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Cryptocurrency prices show signs of recovery with Bitcoin above $84,000 amid Trump's summit plans
The rebound occurred against the backdrop of the planned Crypto Summit, organized by Donald Trump, and the inclusion of Bitcoin BlackRock in their model portfolios.
The cryptocurrency market is showing initial signs of recovery, the worst month in three years after the price of Bitcoin (BTC) fell to $78,000 in a week, leading to a drop in the total market capitalization of the space by over $400 billion.
The Crypto Fear & Greed Index saw a price drop to 10, a level not seen since the bear market of 2022. However, it has since recovered to 20 but still remains in the 'extreme fear' range.
The price of bitcoin has now risen by more than 3% over the past 24 hours and is now trading above $84,400, while the broader CoinDesk 20 Index (CD20) has risen by 1.5% over the same period to 2700. Its performance is influenced by SOL's nearly 3% decline during this period, while other components are rising throughout the day.