#BTCRebundsBack Bitcoin Rebounds as Market Recovers Amid Trump's Crypto Summit Announcement .

The cryptocurrency market is showing signs of recovery after suffering its worst month in three years . Bitcoin (BTC) briefly dropped to $78000, wiping out over$400 million from the market's total capitalization .The decline pushed the crypto fear & greed index to 10, a level unseen since the 2022 bear market . However , sentiment has slightly improved ,with the index rebounding to 20, though it remains in the "extreme fear" zone.

BTC has risen over 3% in the past 24 hours , trading above $84,400. The broader Coindesk 20 index (CD20) gained 1.5%, reaching 2,700.

Market momentum strengthened following news that U.S. President Donald Trump will host a crypto summit on March 7. The event will gather top industry CEO's investors , and government officials to discuss digital asset policies , reinforcing the administration's pro -crypto stance.