Crypto Price Analysis 3-5: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CARDANO: ADA, JUPITER: JUP, CHAINLINK: LINK, COSMOS: ATOM
The post Crypto Price Analysis 3-5: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CARDANO: ADA, JUPITER: JUP, CHAINLINK: LINK, COSMOS: ATOM appeared on BitcoinEthereumNews.com.
The crypto market rebounded on Wednesday after President Donald Trump hinted at a tariff relief after Commerce Secretary Howard Lutnick reportedly stated Trump could roll back tariffs on Canada and Mexico, with an announcement likely on March 5. As a result, Bitcoin (BTC) rebounded from a low of $81,947 to $88,817 before registering a marginal decline and moving to its current level of $86,950. The flagship cryptocurrency is up nearly 4% over the past 24 hours as it sets its sights on $90,000. Other cryptocurrencies rebounded as well, with Ethereum (ETH) up nearly 4% and trading at $2,174 after sellers almost pushed it below the $2,000 mark. Ripple (XRP) also rebounded and is up 6%, trading at $2.44, while Solana (SOL) is up ALMOST 4% and trading at $142. Cardano (ADA) has shown the strongest recovery, with the altcoin up nearly 15% over the past 24 hours. Dogecoin (DOGE), Hedera (HBAR), Chainlink (LINK), Stellar (XLM), and Polkadot (DOT) also registered notable increases. The crypto market cap has also rebounded to $2.87 trillion, an increase of just over 4% over the past 24 hours. Is The SEC Ready To Drop Ripple Appeal? The upcoming White House Crypto Summit has become a key talking point after President Trump’s announcement of a crypto strategic reserve and shifting trade policies fueled market volatility. The announcement sent XRP’s value surging, reaching $3 before pulling back to $2.20. Demand for XRP and its price stabilized at this level after White House AI and Crypto Czar David Sacks confirmed the summit would provide more details about the assets included in the strategic reserve. Additionally, speculation about the United States Securities and Exchange Commission (SEC) is set to withdraw its appeal against XRP in the Ripple case is gaining momentum. The agency has already dropped its enforcement cases…
Filed under: News - @ March 7, 2025 6:26 am