Crypto Market Today (March 3): BTC & Altcoins Pump Hard Amid Trump’s Crypto Reserve Backing
Highlights
- BTC price taps $95K high as investors reflect bullishness amid broader developments.
- Notably, Donald Trump is forging ahead with plans to incorporate a crypto reserve in the U.S.
- Bitcoin and Altcoins mirror bullishness after a bloodbath in February.
The crypto market today (March 3) has reignited bullish sentiments among traders and investors globally. Bitcoin (BTC) price tapped a $95K high intraday, whereas Ethereum (ETH), Solana (SOL), & XRP prices gained 9%-25%. Notably, the broader bullish action comes amid U.S. President Donald Trump’s recent backing for a strategic crypto reserve that includes XRP, SOL, and ADA.
Crypto Market Today: BTC, ETH, XRP, & SOL Jump Amid Trump’s Crypto Reserve Saga
The global crypto market cap rose substantially by over 8% in the past 24 hours, regaining a break above $3 trillion. Further, the total market volume also skyshot 141% over the past day, reaching $185.95 billion.
Intriguingly, the broader market shows bullish actions primarily as the pro-crypto president is backing a crypto reserve in the U.S. As per a recent Forbes report, a crypto strategic reserve that includes XRP, SOL, and ADA is eagerly awaited nationwide, as indicated by Trump. Notably, this event emerged as potential buy-the-dip news for investors.
BTC Touches $95K High
As of press time, BTC price gained over 8% and exchanged hands at $92,759. The flagship coin hit a 24-hour low and high of $85,040.21 and $95,043.44 in the past 24 hours. Notably, BTC futures OI surged 7% to $54.74 billion today, signaling renewed market interest in the coin that triggered a bullish action. Nevertheless, Bitcoin’s dominance was down by 0.3% over the day, indicating altcoins gained harder.
ETH Price Jumps 10%
ETH price soared over 10% in the past 24 hours and closed in at $2,446. The coin hit a bottom and peak of $2,175.32 and $2,548.81 in the past 24 hours. Ethereum rises alongside a 6% surge in its futures OI to $21.17 billion, underscoring rising market interest. Nevertheless, Ethereum’s market dominance remained down to 9.6%.
XRP Price Shoots Up 24%
Ripple’s XRP led the broader market gains today, rallying 24% to $2.79. The coin’s intraday low and high were $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 interest amid Donald Trump’s crypto reserve backing.
SOL Price Rockets 18%
Simultaneously, SOL price witnessed an 18% uptick in the past 24 hours, closing in at $170 in sync with broader trends. The coin hit a bottom and a peak of $140.30 and $178.63 in the past 24 hours. Solana futures OI gained over 14% in a day, reaching $5.01 billion.
Meme Crypto Market Reflects Bullishness
Dogecoin (DOGE) price was up by 10% in the past 24 hours, trading at $0.2272. Also, Shiba Inu (SHIB) price followed, up nearly 6% to $0.00001451. Pepe Coin (PEPE) price sky shot nearly 10% to reach $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 action primarily as the pro-crypto U.S. President revealed plans for a strategic crypto reserve, including SOL, ADA, and XRP. Traders and investors continue to anticipate further gains, given the market sees such a feat moving ahead.
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