Crypto Prices Today: BTC Hits $87K, ETH & XRP Surge as Market Rebounds

Crypto Market Update (March 5): Bitcoin Recovers to $87K; ETH, SOL, XRP Rally

The cryptocurrency market witnessed a recovery on Wednesday, showing resilience following the impact of newly imposed U.S. tariffs on imports from Canada, Mexico, and China. Bitcoin (BTC) recorded a strong intraday gain of over 4%, reaching the $87K mark. Similarly, Ethereum (ETH), XRP, and Solana (SOL) surged between 4% and 7%, reversing their previous losses. The broader market’s rebound brought renewed optimism to investors following a sharp downturn.

Crypto Market Recovers: BTC, ETH, XRP, and SOL Erase Previous Declines

Over the last 24 hours, the total cryptocurrency market capitalization increased by approximately 4.5%, reaching $2.89 trillion. Liquidations also eased, dropping below $500 million after surpassing $1 billion yesterday, according to Coinglass data. Investors appear to have absorbed the recent news regarding Donald Trump’s import tariffs, which had initially triggered market uncertainty amid concerns over a potential global trade war.

Bitcoin Climbs Back to $87K

Bitcoin’s price rose by nearly 4% within a day, trading at $87,400. The leading digital asset fluctuated between an intraday low of $81,529.24 and a high of $88,911.27. The price surge coincided with Japan’s Metaplanet acquiring 497 BTC, valued at approximately $43.9 million, reinforcing bullish sentiment in the market.

Ethereum Gains 4%

Ethereum’s price appreciated by more than 4% to trade at $2,159. It registered an intraday low and high of $1,996.77 and $2,220.36, respectively. A notable highlight came from Crypto Rover, who reported that former U.S. President Donald Trump holds over $500 million in Ethereum. This revelation contributed to positive investor sentiment, as speculation grows over potential U.S. crypto reserves.

XRP Rallies by 7%

XRP saw a strong 7% increase in value, reaching $2.44. Its intraday range spanned from $2.29 to $2.52. The surge follows reports of significant whale activity, with major holders accumulating 1 billion XRP tokens during the recent market downturn.

Solana Crosses $140

Solana also posted impressive gains, rising nearly 5% to trade at $142. The coin’s lowest and highest points in the past day were $131.57 and $146.40, respectively, aligning with the overall market recovery trend.

Meme Coins Show Modest Gains

Among meme coins, Dogecoin (DOGE) advanced by 4% to $0.1995, while Shiba Inu (SHIB) climbed 3% to $0.00001293. Pepe Coin (PEPE) recorded a slight increase of about 1%, settling at $0.000006945.

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