Bitcoin rebounded strongly on Monday, March 3rd, mirroring gains across the cryptocurrency market. After dipping last week, Bitcoin surged nearly 9% globally over the weekend, reaching $92,890 on international exchanges. In India, the cryptocurrency is trading even higher at $96,750, reflecting an 8% increase.
This positive momentum is fueled by optimism surrounding potential regulatory shifts. Specifically, Donald Trump’s recent declaration of a “Crypto Strategic Reserve” has resonated positively within the crypto community, suggesting a potential shift towards more favorable government policies regarding digital assets. The timing of this declaration, coinciding with broader macroeconomic factors, further amplifies its impact on investor sentiment. This potential shift could mark a turning point for the cryptocurrency market, fostering further adoption and investment.
