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Bitcoin’s continuous price slump finally came to a halt after the asset plunged to $78,000, and it has managed to recover about seven grand since then. The altcoins are also well in the green today, with substantial gains from almost all of them. BTC Rebounds $7K It was a violent week, to say the least, for bitcoin and the entire crypto market. The primary digital asset challenged $100,000 the previous Friday but was quickly rejected after the hack against Bybit. The weekend was calmer, but the business week turned sour once again. By Tuesday, bitcoin had lost over ten grand since the weekend and more than $13,000 since Friday in a price slump to $86,000. After a minor dead-cat bounce to $89,000, the bears returned with another leg down that drove BTC to $82,000 on Thursday. The most painful decline came on Friday morning as the cryptocurrency plunged below $80,000 and all the way down to $78,200 (on Bitstamp), which became the newest three-month low and made February 2025 the worst in over a decade. Many industry experts warned that the worst is yet to come and that BTC could drop to $70,000 over the weekend. However, that hasn’t been the case so far. Just the opposite, BTC stands close to $85,000 after regaining $7,000 since yesterday’s low. Its market capitalization remains below $1.7 trillion, while its dominance over the alts is close to 58% on CG. BTCUSD. Source: TradingView Alts in Recovery Mode The alternative coins went through some massive crashes within the same timeframe but are well in the green on a daily scale now. Ethereum is above $2,200 after a 5% increase since yesterday, while BNB has neared $600 following a 4% surge. Ripple’s native token defended the $2 level and is up to $2.17 now after gaining 8%. More impressive price increases come from SOL (10%), DOGE (9.5%), ADA (7.5%), SUI (9%), and XLM (15%). HBAR, APT, BCH, ONDO, and TRUMP have also charted notable double-digit price gains since yesterday. The total crypto market cap has recovered roughly $200 billion and is up to $2.9 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Bitcoin Recovers $7K Following Dump Below $80K, Ripple Gains 8% (Weekend Watch) appeared first on CryptoPotato.

Bitcoin and most altcoins turned green on Saturday as investors focused on the inaugural crypto summit by President Donald Trump. Bitcoin rose to $85,000, 8.5% above its lowest level this week, while the total market cap of all cryptocurrencies rose to $2.8 trillion. At press time, Bitcoin was up 2.1% and trading at about $84,600 — up 2.1% Bitcoin price chart Some of the top-performing cryptocurrencies were Hedera Hashgraph, Celestia, Official Trump, Stellar Lumens, and Sonic, which rose by over 15%. Trump will host the first-ever summit focused on Bitcoin and other cryptocurrencies next Friday. It will likely feature officials from the Treasury Department and a team from the crypto and AI office that David Sacks and Bo Hines lead. 🛑 Who will attend❗ Top leaders in the crypto industry, including the heads of exchanges like Coinbase, Gemini, and Kraken will likely attend. Most of these leaders, including Tyler and Cameron Winklevoss, were some of the top Trump backers during the campaign. The other potential attendees are leaders of popular made-in-the-USA cryptocurrencies like Cardano’s Charles Hoskinson, Stellar’s Jed McCaleb, Ripple’s Brad Garlinghouse, and Ondo Finance’s Nathan Allman. Elon Musk, who is leading the Department of Government Efficiency or DOGE, will likely attend. He is a big crypto backer, with Tesla holding over 11,500 Bitcoins worth over $975 million. Also, Musk is evaluating how the US government may leverage blockchain technology to cut costs. The U.S. Securities and Exchange Commission, ever since Gary Gensler resigned as chair, has ended some litigations including those involving companies like Uniswap, Coinbase, and Gemini. As Trump considers a U.S. Bitcoin reserve, there is a likelihood that Bitcoin and other altcoins will rally ahead of this summit. While Trump has been pro-crypto, some of his policies have contributed to the recent weakness. The most notable one is tariffs on American imports, which critics say will lead to higher inflation and market volatility. $BTC $TRUMP $HBAR $TIA

Bitcoin may have dominated the crypto scene in 2024, but Kaiko Research suggests a shift could be on the horizon. Their DeFi index (KSDEFI) has outperformed Ethereum since October 2023, boasting a 75% return! 📈 - The index includes 11 DeFi tokens, with UNI , AAVE , and ONDO leading the pack. - Regulatory changes might soon allow Uniswap and Aave to distribute protocol fees to token holders. - Ondo Finance could gain as Wall Street dives deeper into crypto. Will DeFi continue its upward trend? Share your thoughts in the comments! 💬

$ONDO  - price update: 💥 Final dumped happened before we saw a trend breakout as expected! The current price is moving above the main 0.9800$ resistance. From this zone, Im expecting a stronger correction upward toward 1.080 - 1.10 or 1.150$ 📈 Sadly, Im not much avaible those day's and I missed the beautifull Cup & Handle pattern and buy signal [H1] :/  I'll be back full time for charts analyses and more around the 3rd March! 🎯🚀 See you!

$ONDO Zoo 🚀🚀🚀🚀🔥