As of March 2, 2025, Bitcoin (BTC) is trading at approximately $91,219, reflecting a 7.43% increase from the previous close.
This uptick follows a challenging period in February, during which Bitcoin experienced a 17.5% decline—the largest monthly loss since June 2022—amid global economic concerns and a significant cyber-attack on the Bybit exchange.
Recent developments have positively influenced market sentiment. President Donald Trump's announcement to include lesser-traded tokens such as Solana (SOL), XRP, and Cardano (ADA) in a future U.S. strategic reserve has boosted confidence in the broader cryptocurrency market. This move underscores the administration's commitment to establishing the U.S. as a leading crypto hub.
Additionally, the U.S. Securities and Exchange Commission (SEC) has classified meme coins as collectibles rather than securities, reducing regulatory uncertainties for these assets.
Despite these positive trends, investors should remain cautious due to Bitcoin's inherent volatility and the evolving regulatory landscape.