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BTC Rebounds To $87K; ETH, SOL, XRP Reverse Losses

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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.

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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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Altcoin

BTC Nears $92K, Major Altcoins Gain

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40 minutes ago

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March 6, 2025

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The crypto market today (March 6) has sustained upward action, sparking investor optimism globally. Bitcoin (BTC) price traded near the $92K mark as of early Asian hours on Thursday. Whereas, major-league altcoins also traded in the green zone. Notably, Ethereum (ETH), Solana (SOL), and XRP prices witnessed a 1%-5% uptick intraday.

Crypto Market Today: BTC, ETH, XRP, & SOL Up Amid Crypto Reserve Optimism

With Donald Trump’s recent announcement surrounding the creation of a U.S. crypto reserve that includes BTC, XRP, SOL, and ADA, the cryptocurrency sector appears to be riding optimistic waves. Following a previous bloodbath in late February that was induced via Trump’s tariff saga, this news appears to have boosted market sentiments as March kicked off.

It’s noteworthy that Trump’s much-awaited crypto summit in the White House is set to commence on the upcoming Friday. As an upshot, traders and investors mirror optimism amid recent advancements, digesting previous trade war tensions. In line with this optimism, the crypto market today gained nearly 4%, as indicated by a market cap of $3 trillion.

BTC Price Nears $92K

BTC price gained nearly 5% in the past 24 hours and exchanged hands at $91,538. CoinMarketCap’s data indicated that the coin hit an intraday peak near the $92K level, at $91,996.45. The flagship coin rose alongside a 6.5% increase in its futures OI to $50.83 billion, signaling growing market interest. Further, even Bitcoin’s market dominance stood up by 0.43% to 60.67%, flagging a dominant upside movement compared to altcoins.

ETH Price Gains 5%

ETH price witnessed a 5% uptick in the past 24 hours and exchanged hands at $2,284. The coin bottomed and peaked at $2,159.01 and $2,293.55 intraday. Ethereum rises alongside a 6% incline in its futures OI to $20.03 billion today. Further, the second-largest crypto by market cap saw its dominance at 9.2%. Intriguingly, Ethereum developers recently resolved a key setback on the Sepolia testnet, jacking up the Pectra upgrade.

XRP Price Jumps Over 1%

XRP price witnessed gains of slightly over 1% and exchanged hands at $2.51. The coin’s intraday low and high were $2.42 and $2.54, respectively. Ripple’s crypto witnessed a nearly 3.5% uptick in its futures OI, closing in at $3.42 billion. The leading crypto sees a bullish movement amid rising XRP whale transfers and active addresses on the network. Whilst the SEC lawsuit is speculated to end soon, solidifying positive market sentiments.

SOL Price Jumps 4%

SOL price witnessed a 4% surge intraday and traded at $148. The coin swooped to a $140.60 low and a $149.64 high in the past 24 hours. Solana rose alongside a 4% increase in its futures OI, per Coinglass data, indicating heightened market interest in the asset. Further, the coin follows the broader market trend on Thursday.

Meme Crypto Market Today

Dogecoin (DOGE) price gained nearly 5% and closed in at $0.2086. Shiba Inu (SHIB) price jumped 4% to $0.00001348. Also, Pepe Coin (PEPE) gained 3% to reach $0.000007152. Overall, the meme coin market is following the broader cryptocurrency prices today.

Top Crypto Market Gainers Today

Ondo (ONDO)

Price: $1.18
24-hour Gains: +20%

Cronos (CRO)

Price: $0.08784
24-hour Gains: +20%

Movement (MOVE)

Price: $0.4677
24-hour Gains: +16%

Top Crypto Market Losers Today

Story (IP)

Price: $5.22
24-hour Loss: -6%

Toncoin (TON)

Price: $3.03
24-hour Loss: -3%

Ethena (ENA)

Price: $0.3607
24-hour Loss: -3%

Overall, the crypto market currently reflects rising trader and investor optimism amid broader pro-cryptocurrency developments. Nevertheless, the fear and greed index showed a ‘fear’ sentiment prevailing within the market, which some experts believe is the best time to invest.

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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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Analysts Predict Solana Price Next Big Move As Key Support Holds

Published

3 hours ago

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March 6, 2025

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Solana (SOL) price remains crucial as analysts assess its next major move. The cryptocurrency has been trading within a defined range, with key support levels holding firm despite recent market volatility. While some traders anticipate a potential rally, others warn of further downside if support levels fail.

Solana Price Faces Uncertainty as Key Levels Dictate Future Movement

In a recent analysis by Crypto Jobs, Solana price fluctuates between $153 and $138, signaling a period of indecision in the crypto market. Analysts highlight that the $118 – $125 zone serves as a strong multi-year support level, which has repeatedly prevented further declines. If this level continues to hold, SOL price may see another attempt to move higher.

On the upside, the $153 – $155 range is acting as a resistance zone. A successful break above this level could trigger a move toward $180 – $185, an area where Solana has previously faced selling pressure. However, if the cryptocurrency fails to reclaim this level, it may continue consolidating in the current range or retest lower support.

Solana priceSolana price
Source: X

Meanwhile, a recent price analysis highlighted that Solana and XRP are well-positioned for growth, according to WisdomTree’s predictions. With their expanding use cases and potential for institutional adoption, both cryptocurrencies are expected to lead the next altcoin season.

Risks of a Drop Below Key Support Levels

While Solana price has shown resilience above $125, analysts caution that a break below $115 could result in a deeper sell-off. Crypto Jobs points out that a weekly candle close below this level would likely push the price down to the $80 – $75 range, an area that has not been tested in recent months.

Another analyst, TB21Crypto, identifies $126 as a critical level that aligns with the 0.236 Fibonacci retracement. If SOL price loses this support, it could trigger a stronger bearish trend. Market conditions, liquidity levels, and broader crypto market sentiment will play a key role in determining whether Solana price can maintain its current range.

Despite short-term uncertainty, some analysts remain optimistic about Solana price long-term potential. Marzell, a well-known trader, predicts a possible 45% price surge from the $120 support level, with upside targets of $296, $339, and $384. His analysis is based on historical price movements and technical indicators, suggesting that SOL could enter a strong uptrend.

Market Outlook: Technical Indicators Turn Bullish

On the other hand, the Bull Bear Power (BBP) indicator shows a potential shift from bearish to bullish sentiment. The BBP, which had been in the negative territory indicating bearish dominance, has begun climbing towards the zero line. This transition suggests that the bears are losing control, and the bulls might soon take over, potentially leading to a price increase.

Additionally, the Relative Strength Index (RSI) for Solana price also supports a growing bullish momentum. Recently hovering around 50, which is generally considered a neutral point, the RSI is now moving upward. This upward trajectory indicates strengthening buying pressure, which could help sustain a bullish trend if the RSI continues to rise.

According to a CoinGape report, Solana price is showing signs of a potential breakout as key technical indicators turn bullish. The recent SOL whale movement of $71.95 million in SOL to Coinbase Institutional has fueled speculation about market direction. If Solana breaks the $170 resistance, analysts suggest it could rally toward $180 and potentially reach $213 in the coming weeks.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

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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Canary Capital Sparks AXL Price Surge With Axelar ETF Filing

Published

4 hours ago

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March 6, 2025

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Canary Capital has officially filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking Axelar’s AXL token. The announcement led to a rapid increase in AXL price, surging over 15% before settling at approximately $0.44.

AXL Price Gains Momentum With Axelar ETF Announcement

According to a recent filing, Canary Capital submitted an S-1 registration with the SEC to introduce the “Canary AXL ETF,” making it the first financial institution to propose an ETF tracking the Axelar token. Following the announcement, AXL price rose sharply, surpassing a 15% increase within minutes before stabilizing at around $0.44.

Axelar priceAxelar price
Source: CMC

Market data indicated that AXL’s performance outpaced most other cryptocurrencies on the same day. The ETF filing drew attention from investors, reflecting growing interest in blockchain interoperability solutions.

Notably, American investment management firm Canary Capital has filed for multiple altcoin ETFs, including Solana, XRP, and Litecoin, in recent months. 

Most recently, Canary’s Litecoin ETF was listed on the DTCC platform under the ticker LTCC, fueling speculation about an imminent approval. With Bloomberg analysts giving a 90% chance for a spot Litecoin ETF approval in 2025, market anticipation continues to grow.

Axelar Expands With Industry Partnerships

Axelar, a cross-chain protocol enabling seamless blockchain communication, has secured integrations with major industry players, including J.P. Morgan, Microsoft, Uniswap, and MetaMask. The platform facilitates interoperability across blockchain networks such as Ethereum, Arbitrum, and Optimism, supporting decentralized transactions.

The network has gained substantial institutional backing, with Binance, Coinbase, Dragonfly, Galaxy, and Polychain among its investors. In November 2024, Axelar surpassed $1 billion in total value locked (TVL), further solidifying its presence in the crypto ecosystem.

As part of its strategic expansion, Axelar announced the appointment of Brian Brooks, former Coinbase Chief Legal Officer and Acting U.S. Comptroller of the Currency, to its newly formed Institutional Advisory Board. Brooks’ experience in regulatory frameworks and financial markets aligns with Axelar’s focus on institutional adoption.

Sergey Gorbunov, co-founder of Axelar, stated,

“With more regulatory clarity in the U.S., institutional adoption is well underway, and interoperability is the key gateway between TradFi and Web3.”

Crypto-Based ETFs

Canary Capital’s Axelar ETF filing is part of a broader trend of increasing altcoin ETF submissions. Since the approval of Bitcoin and Ethereum ETFs, the market has witnessed a rise in filings for blockchain-related ETFs. 

Earlier today, Bitwise Asset Management submitted an S-1 registration statement to the SEC for an Aptos ETF, sparking a 15% surge in APT price to $6. The proposed ETF will track Aptos’ value using CF Benchmarks’ pricing index, offering investors regulated exposure to the asset.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

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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