Bitcoin’s price recovered by 101% to trade at $94K on March 2, climbing out of the technical bear market. 

Altcoins have also recorded massive gains on Sunday, with XRP up over 37% to $2.94 over the past 24h.

“Without any firm moves from Trump to show his support for the crypto sector, nervousness looks set to continue.”

“The initial excitement surrounding the Trump administration’s perceived pro-crypto stance appears to be in a phase of recalibration. For sentiment to shift decisively, a clearer regulatory framework or a major catalyst—such as further ETF approvals—seems necessary.”

The recent surge in Bitcoin's price and altcoins like XRP indicates a bullish trend in the crypto market. However, uncertainty due to lack of clear regulatory framework and support from key figures like Trump may impact market sentiment. Investors are looking for stability and positive developments to sustain the current momentum.