Crypto Market Roars Back: Bitcoin Surges 8% as Bulls Charge

The crypto market has witnessed a significant turnaround on March 1, with Bitcoin (BTC) leading the charge with an 8% gain. This bullish momentum has extended to other major cryptocurrencies, including Ethereum (ETH), XRP, and Solana (SOL), which have all shown signs of recovery.

Bitcoin's price surged to $85,351, marking an 8% increase in the past 24 hours. This rally comes despite the recent rise in the Personal Consumption Expenditures (PCE) Price Index for January. The futures open interest (OI) for BTC also jumped 2% to $51.13 billion, indicating renewed market interest.

Ethereum (ETH) price climbed over 6% to $2,264, with its futures OI surging 4% to $19.90 billion. Meanwhile, XRP price pumped 9% to $2.19, and its futures OI increased by 8% to $3.05 billion. Solana (SOL) price skyrocketed by over 15% to $146.41, with its futures OI rising 15% to $4.65 billion.

The meme coin sector also mirrored the broader market trend, with Dogecoin (DOGE) and Shiba Inu (SHIB) prices rising 10% and 5%, respectively. Pepe Coin (PEPE) price also surged over 6%.

Among the top gainers, Official Trump (TRUMP) led the market with a 23% increase in price to $14.02. Celestia (TIA) and Hedera (HBAR) followed with 20% and 19% gains, respectively.

Investors and traders have expressed optimism about the crypto market's recent recovery, anticipating potential gains ahead. Despite the recent market volatility, the crypto market has shown resilience and the ability to bounce back.