The cryptocurrency market experienced a period of volatility in the past 24 hours, with Bitcoin falling below $85,500. This volatility also affected alternative coins, with some experiencing more significant losses than Bitcoin. A crypto summit held at the White House on March 7 caused turbulence in the market, despite expectations of a price rally. US President Donald Trump reinforced his commitment to establishing a Strategic Bitcoin Reserve, but Bitcoin's price dropped to $85,300 after the summit. Although Bitcoin slightly rebounded to $86,100, it still experienced a 2.5% decline for the day. Other leading altcoins, such as Ripple, Cardano, and Chainlink, also experienced declines. However, a few cryptocurrencies, including TRON, Pi Network, and Litecoin, saw gains. The total cryptocurrency market capitalization decreased by 4% to approximately $2.93 trillion.



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