After several weeks of sell-offs driven by Trump's policies, the cryptocurrency market has reclaimed the $3 trillion mark. Bitcoin is also recovering.
Increase in Market Capitalization
According to Coingecko, the total crypto market capitalization reached $3.13 trillion with a 1.7% change in the last 24 hours. This recovery followed a drop in global markets caused by increased imports and tariff expectations.
Positive Bitcoin Trend
Bitcoin showed a positive trend, trading above $95,000 for the first time in two months. At the time of publication, its price was $96,297, reflecting a 2.2% increase in the last 24 hours.
Economic Factors and Market Status
Economic data from the U.S. indicated a decline in gross domestic product for Q1 2025, raising concerns about a possible recession. Meanwhile, China's economy grew by an annual rate of 5.4% during the same period. This scenario has led investors to actively reallocate funds into crypto assets.
The cryptocurrency market's capitalization is recovering, which may indicate investors' tendencies to seek more stable assets amidst economic uncertainty.
