Crypto Prices March 5: Bitcoin Bounces Back to $87K, Ethereum, Solana, XRP Follow
The cryptocurrency market showed signs of recovery on Wednesday, shaking off the turbulence caused by the introduction of new U.S. import tariffs on Canada, Mexico, and China. Bitcoin (BTC) posted an intraday gain of over 4%, reclaiming the $87K level. Meanwhile, Ethereum (ETH), Solana (SOL), and XRP all rebounded with gains ranging from 4% to 7%. The market’s uptrend injected fresh optimism among investors, reversing some of the heavy losses seen earlier.
Crypto Market Rebounds as Major Coins Regain Momentum
The overall market capitalization of cryptocurrencies rose by approximately 4.5% over the past day, now standing at $2.89 trillion. At the same time, liquidations fell sharply, dropping below $500 million after exceeding $1 billion yesterday, according to data from Coinglass. Market participants appear to have adjusted to the latest trade developments involving Donald Trump’s newly imposed tariffs, which initially created unease due to fears of escalating global trade tensions.
Bitcoin Recaptures $87K
Bitcoin’s price jumped nearly 4% in the last 24 hours, reaching $87,400. The digital asset recorded an intraday low of $81,529.24 and a peak of $88,911.27. The surge was accompanied by news of Japanese investment firm Metaplanet acquiring 497 BTC, worth around $43.9 million, which reinforced buying momentum in the market.
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