BTC Hits $87K, ETH and XRP Recover as Crypto Market Strengthens

Crypto Prices Surge (March 5): Bitcoin Climbs to $87K, ETH, SOL, and XRP Recover

On Wednesday, the cryptocurrency market showed resilience, bouncing back from recent declines triggered by the announcement of new U.S. tariffs on Canada, Mexico, and China. Bitcoin (BTC) surged over 4% in a day, crossing the $87K mark. Ethereum (ETH), Solana (SOL), and XRP also posted gains of 4%-7%, fueling investor optimism following a downturn in the market.

Crypto Market Bounces Back: BTC, ETH, XRP, and SOL Regain Lost Ground

The overall market capitalization rose by 4.5% over the past 24 hours, reaching $2.89 trillion. Additionally, liquidations dropped below $500 million after hitting $1 billion yesterday, per Coinglass data. The market appears to have absorbed the news of Donald Trump’s tariffs, which had initially sparked concerns about a global economic slowdown.

Bitcoin Rises to $87K

Bitcoin’s price increased by nearly 4% over the past day, trading at $87,400. The asset fluctuated between an intraday low of $81,529.24 and a high of $88,911.27. Notably, the rally came amid reports that Japanese firm Metaplanet had purchased 497 BTC worth $43.9 million, indicating strong buying pressure.

Ethereum Gains 4%

Ethereum climbed more than 4%, reaching $2,159. The asset saw an intraday low of $1,996.77 and a high of $2,220.36. Crypto Rover revealed that former U.S. President Donald Trump holds over $500 million in Ethereum, further driving speculation about future crypto-related policies.

XRP Surges 7%

XRP’s price increased by 7% to $2.44, fluctuating between $2.29 and $2.52 throughout the day. The rally followed reports that XRP whales had accumulated 1 billion tokens amid the recent dip.

Solana Jumps Past $140

Solana recorded a 5% increase, reaching $142. The asset’s lowest and highest values in the past 24 hours were $131.57 and $146.40, mirroring the broader market recovery.

Meme Coins Record Gains

Dogecoin (DOGE) rose by 4% to $0.1995, while Shiba Inu (SHIB) advanced 3% to $0.00001293. Pepe Coin (PEPE) posted a slight 1% increase, trading at $0.000006945.

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