BTC Jumps 8%, ETH, XRP, & SOL Recover

Crypto prices today (March 1) have reignited a bullish market sentiment among traders and investors globally, illustrating signs of recovery. Bitcoin (BTC) price gained nearly 8% in the past 24 hours. Whereas, Ethereum (ETH), XRP, and Solana (SOL) prices were up by 5%-16%, underscoring a major bounceback from previous dips. Simultaneously, meme coin prices were also trading in the green zone, with TRUMP leading the broader market gains.

Mentioned below are some of the most trending coins for the day and a brief report on their price movements.

Crypto Prices Today: BTC & Altcoins Show Signs Of Recovery

The crypto market gained nearly 5% in the past 24 hours, closing the week with a market cap of $2.82 trillion. Further, even the total market volume witnessed a 12% uptick to $158.76 billion.

BTC price ends the week near the $85K level, sparking some hope despite the recent market bloodbath. Simultaneously, ETH managed to regain a break above $2,200.

BTC Price Regains $85K

At the time of reporting, BTC price gained nearly 8% intraday and exchanged hands at $85,351. The flagship coin hit a bottom and a peak of $78,248.92 and $85,608.40 in the past 24 hours. Notably, the rising price action comes despite rising PCE Price Index for January, per a recent CoinGape report. Also, BTC futures OI jumped 2% in the past 24 hours to $51.13 billion, per Coinglass data. The flagship coin appears to be witnessing renewed market interest as the week closes.

ETH Price Jumps 6%

ETH price witnessed an uptick of slightly over 6% over the past day, closing in at $2,264. The coin hit a 24-hour low and peak of $2,076.17 and $2,273.02, respectively. Ethereum rises alongside a 4% surge in its futures OI to $19.90 billion. The latest update surrounding the crypto remains that the U.S. SEC has delayed its decision on Fidelity‘s spot Ethereum ETF options.

XRP Price Surges 9%

XRP price pumped 9% in the past 24 hours, exchanging hands at $2.19. The coin hit an intraday low and peak of $1.96 and $2.21, respectively. XRP futures OI saw an 8% increase to $3.05 billion in the past 24 hours, underscoring rising market interest.

SOL Price Soars Over 15%

SOL price sky-shot by over 15% intraday and exchanged hands at $146.41. The coin hit an intraday bottom and peak of $125.74 and $150.79 over the past 24 hours. Solana’s price rose alongside a 15% surge in its futures OI to $4.65 billion, per Coinglass data.

Meme Crypto Prices Today

Simultaneously, the meme coin sector has mirrored an uptrend that is in sync with the broader market trend. Dogecoin (DOGE) price saw a 10% increase in value to $0.2075. Similarly, Shiba Inu (SHIB) price rose over 5% to $0.00001406. Even Pepe Coin (PEPE) price sky shot over 6% today, closing in at $0.000007934.

Top Gainer Crypto Prices Today

Official Trump (TRUMP)

Price: $14.02
24-hour Gains: =23%

Celestia (TIA)

Price: $4.17
24-hour Gains: +20%

Hedera (HBAR)

Price: $0.2253
24-hour Gains: +19%

Top Loser Crypto Prices Today

Nexo (NEXO)

Price: $1.12
24-hour Loss: -3%

KuCoin Token (KCS)

Price: $11.49
24-hour Loss: -1%

PAX Gold (PAXG)

Price: $2,859
24-hour Loss: 0.5%

Overall, traders and investors reflect considerable optimism in light of the crypto market’s recent recovery-like trend, anticipating potential gains ahead.

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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.