The crypto market right now (March 6) has sustained upward motion, sparking investor optimism globally. Bitcoin (BTC) value traded close to the $92K mark as of early Asian hours on Thursday. Whereas, major-league altcoins additionally traded within the inexperienced zone. Notably, Ethereum (ETH), Solana (SOL), and XRP costs witnessed a 1%-5% uptick intraday.
Crypto Market Today: BTC, ETH, XRP, & SOL Up Amid Crypto Reserve Optimism
With Donald Trump’s current announcement surrounding the creation of a U.S. crypto reserve that features BTC, XRP, SOL, and ADA, the cryptocurrency sector seems to be driving optimistic waves. Following a earlier massacre in late February that was induced by way of Trump’s tariff saga, this information seems to have boosted market sentiments as March kicked off.
It’s noteworthy that Trump’s much-awaited crypto summit within the White House is about to start on the upcoming Friday. As an upshot, merchants and traders mirror optimism amid current developments, digesting earlier commerce warfare tensions. In line with this optimism, the crypto market right now gained almost 4%, as indicated by a market cap of $3 trillion.
BTC Price Nears $92K
BTC value gained almost 5% prior to now 24 hours and exchanged fingers at $91,538. CoinMarketCap’s knowledge indicated that the coin hit an intraday peak close to the $92K degree, at $91,996.45. The flagship coin rose alongside a 6.5% enhance in its futures OI to $50.83 billion, signaling rising market curiosity. Further, even Bitcoin’s market dominance stood up by 0.43% to 60.67%, flagging a dominant upside motion in comparison with altcoins.
ETH Price Gains 5%
ETH value witnessed a 5% uptick prior to now 24 hours and exchanged fingers 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 right now. Further, the second-largest crypto by market cap noticed its dominance at 9.2%. Intriguingly, Ethereum developers recently resolved a key setback on the Sepolia testnet, jacking up the Pectra improve.
XRP Price Jumps Over 1%
XRP value witnessed positive factors of barely over 1% and exchanged fingers at $2.51. The coin’s intraday high and low have been $2.42 and $2.54, respectively. Ripple’s crypto witnessed a virtually 3.5% uptick in its futures OI, closing in at $3.42 billion. The main crypto sees a bullish motion amid rising XRP whale transfers and energetic addresses on the community. Whilst the SEC lawsuit is speculated to finish quickly, solidifying constructive market sentiments.
SOL Price Jumps 4%
SOL value witnessed a 4% surge intraday and traded at $148. The coin swooped to a $140.60 low and a $149.64 excessive prior to now 24 hours. Solana rose alongside a 4% enhance in its futures OI, per Coinglass data, indicating heightened market curiosity within the asset. Further, the coin follows the broader market development on Thursday.
Meme Crypto Market Today
Dogecoin (DOGE) value gained almost 5% and closed in at $0.2086. Shiba Inu (SHIB) value jumped 4% to $0.00001348. Also, Pepe Coin (PEPE) gained 3% to succeed in $0.000007152. Overall, the meme coin market is following the broader cryptocurrency costs right now.
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 at present displays rising dealer and investor optimism amid broader pro-cryptocurrency developments. Nevertheless, the worry and greed index confirmed a ‘fear’ sentiment prevailing throughout the market, which some specialists consider is one of the best time to take a position.
Coingape Staff
CoinGape contains an skilled staff of native content material writers and editors working around the clock to cowl information globally and current information as a reality moderately than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The offered content material might 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 to your private monetary loss.
