INSUBCONTINENT EXCLUSIVE:
The cryptocurrency market staged a significant recovery on February 28, 2025, reversing days of bearish sentiment
Bitcoin (BTC) led the charge with an 8% gain, breaking above $85,000 after dipping as low as $78,000 earlier in the week.Altcoins followed
suit, with Ethereum (ETH) rising 6.7%, Solana (SOL) climbing 10%, Cardano (ADA) surging 10%, Litecoin (LTC) gaining 10%, and CRP jumping
The broad-based rally reignited optimism among traders and investors globally.Several factors contributed to this recovery
Improved macroeconomic conditions, including a decline in United States Personal Consumption Expenditures (PCE) inflation to 2.5%, boosted
risk appetite across financial markets.This easing of inflation pressures provided relief to cryptocurrencies, which had been under pressure
from rising interest rates and geopolitical uncertainties.Whale accumulation further fueled the rally
Rises 8% While Solana, Cardano, and Litecoin Gain 10% in Broad Market Rebound
(Photo Internet reproduction)For instance, Bitcoin whales added over $344 million worth of BTC in the past week, while Ethereum whales
purchased approximately $1.2 billion worth of ETH
This activity signaled renewed confidence among institutional players.Altcoins also benefited from technical breakouts and positive
struggles.Bitcoin Rises 8% While Solana, Cardano, and Litecoin Gain 10% in Broad Market ReboundDespite the recovery, challenges remain for
February was one of the worst months on record, with Bitcoin dropping 17% and Ethereum losing nearly 32%.Additionally, Bitcoin ETFs saw $3.5
billion in outflows during February, reflecting lingering caution among institutional investors
However, March began with a notable $94 million inflow into Bitcoin ETFs, suggesting a potential shift in sentiment.As traders look ahead,
key levels will be closely watched
Bitcoin faces resistance near $90,000, while Ethereum must hold above $2,400 to sustain its upward momentum
Altcoins like Solana and Cardano could see further gains if broader market conditions remain favorable.The recovery underscores the
resilience of cryptocurrencies despite recent volatility
However, sustained momentum will depend on macroeconomic stability and continued institutional support as the market navigates an uncertain
