Altcoin
BTC Rebounds To $87K; ETH, SOL, XRP Reverse Losses
Crypto prices today (March 5): The broader market embarked on a recovery-like path on Wednesday, digesting trade-war tensions post-commencement of new U.S. import tariffs on Canada, Mexico, and China. Bitcoin (BTC) price gained over 4% intraday and exchanged hands at the $87K level. Whilst Ethereum (ETH), XRP, and Solana (SOL) prices witnessed a 4%-7% uptick intraday. The recovery-like trend after a massive bloodbath across the sector sparked substantial investor optimism in light of the latest market statistics.
Crypto Prices Today: BTC, ETH, XRP, SOL Wipe Out Recent Losses
The crypto market gained nearly 4.5% over the past day, as indicated by a market cap of $2.89 trillion. Further, liquidations also cooled down after hitting the $1 billion mark yesterday, resting below $500 million as per Coinglass data. As an upshot, the market appears to have digested Donald Trump’s import tariff news, which presented major heat to prices amid speculations of a global trade wars.
BTC Price Regains $87K
BTC price soared nearly 4% in the past 24 hours and exchanged hands at $87,400. The flagship coin hit an intraday bottom and peak of $81,529.24 and $88,911.27 in the past 24 hours. Notably, Bitcoin soars alongside Japanese giant Metaplanet acquiring 497 BTC, worth $43.9 million, underscoring buying pressure on the asset.
ETH Price Surges 4%
ETH price gained over 4% today and exchanged hands at $2,159. The coin bottomed and peaked at $1,996.77 and $2,220.36 in the past 24 hours. It’s noteworthy that U.S. President Trump currently holds over $500 million worth of Ethereum, as spotlighted by renowned trader Crypto Rover on X. This data has ignited investor optimism on the asset’s future potential amid a crypto reserve announcement in the U.S.
XRP Price Pumps 7%
XRP price gained nearly 7% in the past 24 hours and closed in at $2.44. The coin hit a low and a high of $2.29 and $2.52 intraday. Ripple’s native crypto wiped out previous losses amid whales accumulating 1 billion XRP during the recent market dip.
SOL Price Crosses $140
Simultaneously, SOL price traded at $142, up nearly 5% over the day. Solana bottomed and peaked at $131.57 and $146.40 in the past 24 hours. The coin rises in tandem with the broader market trend on Tuesday.
Meme Crypto Prices Today
Dogecoin (DOGE) price shot up by 4% and rested at $0.1995. Shiba Inu (SHIB) price followed, up 3% to $0.00001293. Pepe Coin (PEPE) price also gained nearly 1% to $0.000006945.
Top Gainer Crypto Prices Today
Aave (AAVE)
Price: $209.19
24-Hour Gains: +21%
The coin’s price soars alongside the Aave community’s new proposal to improve the ecosystem’s economic framework, which encompasses advancing revenue distribution, staking incentives, and liquidity management.
Cardano (ADA)
Price: $0.9335
24-Hour Gains: +17%
Cardano price primarily soars alongside Donald Trump revealing plans to include ADA in U.S. crypto reserve.
Bitcoin Cash (BCH)
Price: $345.36
24-Hour Gains: +14%
BCH price soars alongside Bitcoin’s price recovery today.
Top Loser Crypto Prices Today
dogwifhat (WIF)
Price: $0.5656
24-Hour Loss: -6%
Worldcoin (WLD)
Price: $0.952
24-Hour Loss: -5%
Optimism (OP)
Price: $0.9263
24-Hour Loss: -3%
In conclusion, the crypto market showcased positive signs after a bloodbath, indicating that potential gains lie ahead despite the previous macro heat and liquidity setbacks.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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