Bitcoin Rebounds as Market Recovers Amid Trump’s Crypto Summit Announcement 📈
The cryptocurrency market is bouncing back after experiencing its worst month in three years. Bitcoin (BTC) had briefly fallen to as low as $78,000, erasing over $400 billion from the market's total value. This sharp decline caused the Crypto Fear & Greed Index to plummet to 10, a level reminiscent of the 2022 bear market.
However, market sentiment has seen some improvement, with the index climbing to 20, though it still indicates extreme fear. In the last 24 hours, BTC has risen over 3%, trading above $84,400. Additionally, the broader CoinDesk 20 Index (CD20) gained 1.5%, reaching 2,700, despite Solana (SOL)'s slip.
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