The crypto market immediately (March 3) has reignited bullish sentiments amongst merchants and buyers globally. Bitcoin (BTC) value tapped a $95K excessive intraday, whereas Ethereum (ETH), Solana (SOL), & XRP costs gained 9%-25%. Notably, the broader bullish motion comes amid U.S. President Donald Trump’s current backing for a strategic crypto reserve that features XRP, SOL, and ADA.
Crypto Market Today: BTC, ETH, XRP, & SOL Jump Amid Trump’s Crypto Reserve Saga
The international crypto market cap rose considerably by over 8% prior to now 24 hours, regaining a break above $3 trillion. Further, the entire market quantity additionally skyshot 141% over the previous day, reaching $185.95 billion.
Intriguingly, the broader market reveals bullish actions primarily because the pro-crypto president is backing a crypto reserve within the U.S. As per a current Forbes report, a crypto strategic reserve that features XRP, SOL, and ADA is eagerly awaited nationwide, as indicated by Trump. Notably, this occasion emerged as potential buy-the-dip information for buyers.
BTC Touches $95K High
As of press time, BTC price gained over 8% and exchanged palms at $92,759. The flagship coin hit a 24-hour high and low of $85,040.21 and $95,043.44 prior to now 24 hours. Notably, BTC futures OI surged 7% to $54.74 billion immediately, signaling renewed market curiosity within the coin that triggered a bullish motion. Nevertheless, Bitcoin’s dominance was down by 0.3% over the day, indicating altcoins gained tougher.
ETH Price Jumps 10%
ETH price soared over 10% prior to now 24 hours and closed in at $2,446. The coin hit a backside and peak of $2,175.32 and $2,548.81 prior to now 24 hours. Ethereum rises alongside a 6% surge in its futures OI to $21.17 billion, underscoring rising market curiosity. Nevertheless, Ethereum’s market dominance remained right down to 9.6%.
XRP Price Shoots Up 24%
Ripple’s XRP led the broader market features immediately, rallying 24% to $2.79. The coin’s intraday high and low had been $2.23 and $2.97, respectively. XRP futures OI soared 38% over the day, reaching $4.33 billion. Overall, Ripple’s coin leverages renewed market curiosity amid Donald Trump’s crypto reserve backing.
SOL Price Rockets 18%
Simultaneously, SOL value witnessed an 18% uptick prior to now 24 hours, closing in at $170 in sync with broader tendencies. The coin hit a backside and a peak of $140.30 and $178.63 prior to now 24 hours. Solana futures OI gained over 14% in a day, reaching $5.01 billion.
Meme Crypto Market Reflects Bullishness
Dogecoin (DOGE) value was up by 10% prior to now 24 hours, buying and selling at $0.2272. Also, Shiba Inu (SHIB) value adopted, up practically 6% to $0.00001451. Pepe Coin (PEPE) value sky shot practically 10% to achieve $0.000008508.
Top Crypto Market Gainers Today
Cardano (ADA)
Price: $1.05
24-Hour Gains: +59%
Onyxcoin (XCN)
Price: $0.01982
24-Hour Gains: +26%
Cronos (CRO)
Price: $0.09035
24-Hour Gains: +22%
Top Crypto Market Losers Today
Maker (MKR)
Price: $1,524
24-Hour Loss: -6%
Celestia (TIA)
Price: $3.97
24-Hour Loss: -5%
Berachain (BERA)
Price: $8.24
24-Hour Loss: -1%
In conclusion, the broader market mirrors a bullish motion primarily because the pro-crypto U.S. President revealed plans for a strategic crypto reserve, together with SOL, ADA, and XRP. Traders and buyers proceed to anticipate additional features, given the market sees such a feat transferring forward.
Coingape Staff
CoinGape contains an skilled group of native content material writers and editors working around the clock to cowl information globally and current information as a reality somewhat than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The introduced content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
