{"id":376909,"date":"2025-03-01T02:25:52","date_gmt":"2025-02-28T20:55:52","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-rallies-8-from-overnight-low-as-crypto-market-plunge-cools-crypto-news\/"},"modified":"2025-03-01T02:29:08","modified_gmt":"2025-02-28T20:59:08","slug":"bitcoin-rallies-8-from-overnight-low-as-crypto-market-plunge-cools-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-rallies-8-from-overnight-low-as-crypto-market-plunge-cools-crypto-news\/","title":{"rendered":"Bitcoin Rallies 8% From Overnight Low as Crypto Market Plunge Cools – Crypto News"},"content":{"rendered":"
\n

Bitcoin<\/a> rebounded 8% from its overnight low as some investors bought its dip below $79,000, although the largest crypto by market value looked wobbly, along with other risk-on assets, after U.S. and Ukraine presidents Donald Trump and Volodymyr Zelenskyy clashed in the White House Friday.<\/p>\n

The top cryptocurrency was recently trading above $84,500, up nearly 1% over the past 24 hours but still off 18% from a month ago\u2014and well off its all-time high over $108,000 set in mid-January. Analysts remain pessimistic about its near-term prospects.<\/p>\n

“Bitcoin\u2019s rebound from below $79K shows the resilience of dip-buying interest, especially with liquidity still strong in the crypto market,” Joe DiPasquale, CEO of crypto asset manager BitBull, wrote in a text to Decrypt<\/i>. “However, broader risk sentiment remains fragile, and the renewed pullback aligns with weakness across equities and other risk assets following the geopolitical uncertainty out of Washington.”<\/p>\n

DiPasquale added: “While BTC has shown relative strength, macro-driven volatility is likely to persist in the near term.”<\/p>\n

The crypto markets decline come as investors\u2014fretful about spikes in inflation, a looming global trade war spurred by Trump administration tariffs, and other macroeconomic uncertainties\u2014pull back from riskier assets, including major cryptocurrencies. A record $1.4 billion hack of the Bybit crypto exchange last Friday has further unsettled markets.<\/p>\n

Major digital assets have fallen substantially over the past month with Ethereum<\/a>, the second-largest crypto by market cap, and its rival Solana<\/a>, the sixth-biggest, off 28% and 36%, respectively. Meme coins, which helped fuel a run-up in prices earlier in the year, have also plunged.<\/p>\n

Major equity indexes, which have struggled through a rough week, were again in the red after rallying earlier in the day following the tense meeting between Trump and Zelenskyy. The tech-heavy Nasdaq and S&P 500 were both down a few fractions of a percentage point.<\/p>\n

Russia’s unprovoked invasion of Ukraine has remained a trouble spot for the global economy, unnerving energy markets and threatening to disrupt trade.<\/p>\n

Edited by Andrew Hayward<\/a><\/i><\/p>\n

\n
<\/p>\n

Daily Debrief Newsletter<\/h3>\n

Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin rebounded 8% from its overnight low as some investors bought its dip below $79,000, although the largest crypto by market value looked wobbly, along with other risk-on assets, after U.S. and Ukraine presidents Donald Trump and Volodymyr Zelenskyy clashed in the White House Friday. The top cryptocurrency was recently trading above $84,500, up nearly […]<\/p>\n","protected":false},"author":2,"featured_media":369587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-376909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=376909"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376909\/revisions"}],"predecessor-version":[{"id":376910,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376909\/revisions\/376910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/369587"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=376909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=376909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=376909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}