Bitcoin (BTC), the world’s oldest and most valued crypto, managed to rise above the $87,000 mark early Wednesday, following a day of heavy losses. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board as overall Market Fear & Greed Index stood at 25 (Fear) out of 100, as per CoinMarketCap data. The AAVE token became the biggest gainer, with a 24-hour jump of nearly 22 percent. dogwifhat (WIF) became the biggest loser, with a 24-hour loss of nearly 8 percent.
The global crypto market cap stood at $2.86 trillion at the time of writing, registering a 24-hour jump of 4.08 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $87,134.66, registering a 24-hour jump of 3.82 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 80.95 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,177.88 marking a 24-hour gain of 3.86 percent at the time of writing. Ethereum price in India stood at Rs 2.13 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 3.77 percent, as per CoinMarketCap data, currently priced at $0.1983. Dogecoin price in India stood at Rs 19.87.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.26 percent. At the time of writing, it was trading at $103.41. LTC price in India stood at Rs 10,719.37.
Ripple (XRP) Price Today
XRP price stood at $2.45, seeing a 24-hour gain of 4.83 percent. Ripple price in India stood at Rs 244.28.
Solana (SOL) Price Today
Solana price stood at $142.54, marking a 24-hour jump of 3.49 percent. SOL price in India stood at Rs 14,824.70.
Top Crypto Gainers Today (March 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Aave (AAVE)
Price: $212.73
24-hour gain: 21.24 percent
Cardano (ADA)
Price: $0.9308
24-hour gain: 14 percent
Bitcoin Cash (BCH)
Price: $346.16
24-hour gain: 12.37 percent
Hedera (HBAR)
Price: $0.2493
24-hour gain: 11.47 percent
Jito (JTO)
Price: $2.38
24-hour gain: 8.35 percent
Top Crypto Losers Today (March 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
dogwifhat (WIF)
Price: $0.5725
24-hour loss: 7.23 percent
Worldcoin (WLD)
Price: $0.957
24-hour loss: 5.78 percent
Grass (GRASS)
Price: $2.29
24-hour loss: 5.29 percent
Maker (MKR)
Price: $1,357.83
24-hour loss: 4.42 percent
Optimism (OP)
Price: $0.9327
24-hour loss: 4.31 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex told ABP Live, “Bitcoin is on an upward trajectory, trading above the $87,100 level. The broader market is also following the same trend with tokens like ETH, XRP, SOL and ADA gaining as much as 23% in a day. As the market stabilises, recent macroeconomic factors like the manufacturing index rising for a second month, show that the economy is improving. This encourages investors to invest in riskier assets, boosting the overall market sentiment. Currently, Bitcoin faces resistance at $90,000, while the support remains at $85,000.”
CoinSwitch Markets Desk noted, “BTC has been extremely volatile as the Trump’s awaited Crypto Summit on 7th march comes close. After reaching 95k USD on the weekend, BTC tested 81,500 USD in the subsequent days before sharply bouncing off again to 89k USD levels which will be a crucial line of resistance. While companies like Chainlink and Microstrategy invited to the crypto summit in the white house, traders should expect a volatile week ahead for the crypto market.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The crypto market rebounded today with Bitcoin rising above $87,000, fueled by investors optimism. Ethereum was steady above $2,100, and XRP experienced a sharp gain of more than 9% with SEC appeal speculations. Although Trump’s proposed tariffs added uncertainty in the market yesterday, affecting broader market sentiment. Traders indicate moving averages show possible major movement for ETH, where traders observing price levels. In spite of the corrections yesterday, BTC’s rally is a testament to renewed investor optimism, particularly following the Senate repealed a controversial crypto tax reporting rule.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The BTCUSDT pair is showing mixed signals on the 1-hour chart. The current price is $85,526.17, slightly above the 20-day SMA ($84,057.96), indicating short-term bullishness. However, the RSI of 68.4 suggests overbought conditions, and the price is below the 50-day SMA ($88,543.89), indicating potential resistance. The MACD is bullish, but volatility is low, suggesting consolidation. Support is at $85,765.40, and resistance at $92,165.78. A short position around $86,000 with an exit target of $84,000 is recommended. Risk management is crucial, especially with potential volatility spikes or a trend reversal above the 50-day SMA.”
Shivam Thakral, CEO of BuyUcoin, said, “Over the past 24 hours, Bitcoin has experienced a remarkable resurgence, surging by 4.43% to reach approximately $87,000. This uptrend is mirrored by Ethereum, Solana, and XRP, which have also seen significant gains. Recent news activity has been dominated by policy announcements and market reactions, highlighting the sector’s sensitivity to regulatory shifts. Despite past volatility, the future outlook remains optimistic, with many anticipating clearer regulatory frameworks and increased institutional investment.”
CoinDCX Research Team noted, “After witnessing extreme volatility, the crypto markets are trying hard to stabilize as the bulls and bears both are experiencing fatigue. As a result, the broader market conditions continue to remain choppy while holding firmly above the pivotal support. AAVE remained the top gainer by surging over 22% in the past 24 hours. The optimism around the token surged with the release of a buyback proposal announced by the Aave DAO. The price quickly regained $200 and appears to be maintaining a strong ascending trend towards higher targets.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
