The cryptocurrency market has started the final week of March with cautious optimism. Bitcoin has reclaimed ground above $87,000, pulling the broader market upward in the process. Ethereum followed suit, surpassing $2,100, and daily volume across all crypto assets jumped over 28% – a sharp rebound compared to the past month’s declining trend.
This turnaround comes after weeks of weak sentiment and sluggish performance. The overall market capitalization had dropped nearly 11% over the past 30 days, even as major tokens began showing signs of stabilization. But recent developments have offered a shift in tone. Institutional inflows into spot Bitcoin ETFs hit a two-month high, while political signals – such as a more measured approach to U.S. tariffs – have softened some of the macroeconomic fears that weighed heavily earlier this quarter.
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Top Gainers Show Strength Returning to Riskier Assets
While Bitcoin and Ethereum each added around 3% in the past 24 hours, the bigger stories come from outside the usual headlines. SPX6900 jumped an impressive 24% and broke into the top 100 coins by market cap. Render, Sonic, Four, and Avalanche all posted double-digit gains, with each rising more than 10% on the day.
The market-wide recovery has been broad. Only a handful of coins are in the red today. Among the top 100, the biggest loser is Pi Network, which fell 5%.
Read also: Pi Network Crashes to $0.90 – Everything You Need To Know
Short-Term Relief or Foundation for Growth?
What we’re seeing now is a tentative shift toward renewed confidence, not an outright market rally. The Fear and Greed Index, which hovered in the low 30s just a few days ago, has climbed to 45, suggesting improving but still fragile sentiment. The fact that this rise coincides with strong ETF inflows and improving RSI indicators tells us that investors are once again interested – but not yet convinced.
The nature of the price movement gives a hope for further recovery. Instead of being driven by speculative leverage, much of the buying is happening on the spot market. Spot-led growth typically reflects more sustainable demand than rallies fueled by derivatives, which often unwind just as quickly.
Read also: How To Use Crypto Fear and Greed Index To Your Advantage?
Still, technical indicators like RSI and NUPL suggest this may only be a pause in a larger corrective structure. Bitcoin has yet to break through the $90,000 resistance, and any failure to hold the $85,000 level could reverse recent gains quickly. Whale activity on exchanges is also climbing, historically a warning that large holders might be preparing to distribute. That doesn’t mean a crash is imminent, but it is a reason to remain alert.
Beyond the Charts: The Bigger Picture
Looking past the candles and charts, the structural story remains the same: institutional interest in Bitcoin is growing. The fact that large players are once again accumulating during uncertain macro conditions shows a shift in how crypto is perceived. It is no longer just a speculative asset – it is becoming part of broader portfolio strategies, especially for those betting on inflation or a weaker dollar in the months ahead.
Read also: The Pakistan Crypto Council Launched to Join the Global Crypto Adoption Race
For now, the market seems to be holding its breath. The recent bounce is meaningful, but it isn’t decisive. Until we see Bitcoin break through $90,000 with strong volume and hold it, it’s hard to say whether this is a true recovery or just a well-timed relief rally.
