Crypto Prices Surge (March 5): BTC Climbs to $87K, ETH, SOL, XRP Rebound
The cryptocurrency market continued its recovery on Wednesday after enduring a downturn due to the introduction of new U.S. tariffs affecting Canada, Mexico, and China. Bitcoin (BTC) jumped past $87K with a 4% increase, while Ethereum (ETH), Solana (SOL), and XRP saw price rises between 4%-7%. This turnaround has given investors renewed confidence in the market’s stability.
Crypto Market Regains Strength: BTC, ETH, XRP, and SOL Rebound
The total cryptocurrency market capitalization climbed by 4.5% to $2.89 trillion in the past 24 hours. Liquidations decreased to under $500 million from over $1 billion the previous day, according to Coinglass data. Traders and investors appear to have overcome initial concerns stemming from Donald Trump’s tariff announcement.
Bitcoin Back at $87K
Bitcoin’s price rose to $87,400, gaining nearly 4% intraday. The leading cryptocurrency fluctuated between a low of $81,529.24 and a high of $88,911.27. The rise comes as Japan’s Metaplanet disclosed the acquisition of 497 BTC, worth $43.9 million, reinforcing positive market sentiment.
Ethereum Sees 4% Growth
Ethereum’s value increased to $2,159, fluctuating between $1,996.77 and $2,220.36. Market discussions heated up after Crypto Rover highlighted Trump’s $500 million Ethereum holdings, further fueling investor optimism.
XRP and SOL Continue Uptrend
XRP rose by 7% to $2.44, and Solana gained nearly 5% to trade at $142. Both assets followed the broader market trend, regaining lost ground after recent dips.
Meme Coins See Modest Uptick
Dogecoin, Shiba Inu, and Pepe Coin recorded minor gains, advancing by 4%, 3%, and 1%, respectively.
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