Bitcoin Rebounds to $84K Following Trump’s Crypto Summit Announcement

The cryptocurrency market shows signs of recovery after a turbulent month, bolstered by regulatory shifts and BlackRock’s bitcoin portfolio inclusion.

Bitcoin's price has recovered to over $84,000 after a sharp February decline, marking a 3% gain in the last 24 hours.
The broader cryptocurrency market has also stabilized, though it remains under pressure from inflation concerns and trade tariffs announced by President Trump.
President Trump has scheduled a March 7 crypto summit with industry leaders and policymakers, signaling continued pro-crypto policies from his administration.
The SEC has dropped lawsuits and investigations into major crypto entities like Coinbase and Consensys, easing regulatory fears in the sector.
BlackRock has added its iShares Bitcoin Trust to one of its model portfolios, potentially driving new demand for bitcoin ETFs.