The crypto market has been on a rollercoaster ride lately, with Bitcoin leading the charge. After hitting an all-time high of over $109,000 in January 2025, Bitcoin tumbled more than 20%, dropping to around $83,000 on February 27.
In an attempt to boost the industry, former President Donald Trump announced plans for a national crypto strategic reserve. This news briefly sent crypto prices soaring, giving Bitcoin, XRP, Solana, Cardano, and Ethereum a temporary boost.
Despite the bounce, volatility is still in full swing. In just the past 24 hours, over a billion dollars in positions were liquidated, mostly affecting long traders. This mass sell-off highlights just how sensitive the market is to outside economic forces and the risks that come with crypto investments.
As of today, Bitcoin is showing some recovery, climbing above $84,400—a 3% increase in the last 24 hours. The broader CoinDesk 20 Index also saw a 1.5% rise.
That said, investors should remain cautious. This rebound could be the start of a true recovery, or just a temporary surge before another dip. Given how unpredictable the market is, careful risk management is key.