Crypto Market Surges 1.2% to $2.84 Trillion on Gold Rally, Stock Gains, and SEC Clarity

The cryptocurrency market experienced a notable surge on Saturday, March 15, 2025, with the total market capitalization increasing by over 1.2 percent to approximately $2.84 trillion. This recovery was welcomed despite the industry having lost over $1 trillion in net valuation during the previous two months. The broader altcoin market mirrored Bitcoin’s (BTC) bullish recovery, leading to a significant drop in the fear of further crypto capitulation. Bitcoin’s fear and greed index surged to 46 percent, indicating market neutrality.

Several factors contributed to this crypto recovery. One of the primary drivers was the sustained rally in gold prices, which increased by over 3 percent in the past three days, reaching a new all-time high of around $3,000 per ounce. This rally fueled speculation about a potential V-shaped reversal in Bitcoin’s price, as Bitcoin is often regarded as digital gold. The wider crypto market, which has historically moved in tandem with Bitcoin, benefited from this mild rebound in BTC prices.

Additionally, the crypto market followed the bullish outlook of major stock indexes. After a notable decline earlier in the week, the S&P 500, NASDAQ Index, and the Dow gained around 2 percent in the last 24 hours. This positive correlation between the crypto market and major stock indexes has been evident since the second inauguration of the U.S. President, indicating a broader market sentiment shift.

Regulatory clarity also played a crucial role in the crypto market’s recovery. The United States Security and Exchange Commission (SEC) proposed the implementation of a strategic Bitcoin reserve using XRP. The SEC’s classification of XRP as a payment asset rather than a security investment has instilled confidence in the market. This regulatory clarity suggests that XRP can be used to free up funds locked in the U.S. Nostro account, which can then be used to purchase more Bitcoins, further boosting market sentiment.