CandleFocus Bitcoin recovers from "technical bear market" after climbing 10%
2025-03-03
Author: Content Editor
Bitcoin's price has recovered by 101% to trade at $94,003, signaling an exit from the technical bear market. Altcoins such as XRP, Ethereum, and Solana have also experienced significant gains. In February, Bitcoin faced its worst month since June 2022, with a price drop of over 17%. This decline pushed Bitcoin into a technical bear market. The market enthusiasm that followed Donald Trump's presidential election win has faded, leading to fear among investors. Trump's promises during his campaign to support the crypto community have not been realized, and market sentiments have tempered. The recent volatility in financial markets and Trump's aggressive trade efforts have contributed to Bitcoin's decline. The crypto community is also waiting for a clear regulatory framework from the Trump administration. Despite the current decline, an analyst remains bullish and believes that Bitcoin could reach $500,000 before the end of Trump's second administration.
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