The cryptocurrency market is beginning to recover from a major dip, with bitcoin's price rising over 3% in the last 24 hours to trade above $84,400. The market was buoyed by news that US President Donald Trump will host a crypto summit on March 7, indicating positive policies towards cryptocurrency. The Trump administration has also dropped lawsuits against Coinbase and Consensys, and is investigating several other crypto companies. Additionally, BlackRock, the world's largest asset manager, has added a 1% to 2% allocation of its iShares Bitcoin Trust to one of its model portfolios, potentially leading to increased demand for bitcoin ETFs.



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