Why Crypto Market Is Going Up Today? Top Factors Driving Prices Higher

The post Why Crypto Market Is Going Up Today? Top Factors Driving Prices Higher appeared first on Coinpedia Fintech News

The total crypto market cap surged by over 1.2 percent in the past 24 hours to hover about $2.84 trillion on Saturday, March 15, 2025. The mild crypto recovery was heavily welcomed, despite the industry having lost over $1 trillion in net valuation during the last two months.

The wider altcoin market followed Bitcoin’s (BTC) price in a bullish recovery during the past 24 hours. As a result, the fear of further crypto capitulation significantly dropped as shown by Bitcoin’s fear and greed index which surged to 46 percent, which represents market neutrality.

Major Factors that Influenced Crypto Recovery Today

Sustained Gold Price Rally

In the past three days, gold price has rallied over 3 percent to hit a new all-time high of around $3k per ounce for the first time in its history as a store of value for humanity. With Bitcoin regarded as digital gold, speculation about a V-shaped BTC price reversal surged across different social media channels.

The wider crypto market, which has over the years moved in tandem with Bitcoin, benefited from the mild BTC price rebound.

Stock Market Gains

The wider crypto market followed major stock indexes in a bullish outlook in the last 24 hours. After a notable decline earlier this week, the S&P 500, NASDAQ Index, and the Dow gained around 2 percent in the last 24 hours.

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Crypto Regulatory Clarity

The cryptocurrency market recorded a mild recovery in the past 24 hours as the United States Security and Exchange Commission (SEC) proposed the implementation of a strategic Bitcoin reserve through the use of XRP. According to the U.S. SEC, XRP should be considered a payment asset and not a security investment.

As a result, the agency believes that XRP can be used to free up funds locked up in the U.S. Nostro account, which can be used to purchase more Bitcoins. The regulatory clarity from the U.S. SEC has played a crucial role in instilling confidence in the wider crypto market.

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