In the curious case of today’s crypto market shenanigans (March 3), the denizens of the digital currency world found themselves in a state of unbridled jubilation. Bitcoin (BTC), that venerable old coin, managed to scale the lofty heights of $95K, while the likes of Ethereum (ETH), Solana (SOL), and XRP frolicked in gains ranging from 9% to a rather saucy 25%. All this tomfoolery, one must note, comes on the heels of the U.S. President, Donald Trump, lending his support to a crypto reserve that bizarrely includes XRP, SOL, and ADA. One can only assume the man has a soft spot for the underdogs.
BTC Hits a Sky-High $95K
As the ink dried on this missive, BTC had swelled by over 8%, trading hands at a princely sum of $92,759. The old warhorse saw its nadir and zenith at $85,040.21 and $95,043.44 in the past day. BTC futures OI also had a jolly good time, surging 7% to $54.74 billion, which, one imagines, was a sight to behold. Yet, Bitcoin’s dominance took a slight knock, down by 0.3%, suggesting the altcoins were having a particularly boisterous party.
ETH Vaults 10%
ETH, never one to be outdone, soared over 10% to land gracefully at $2,446. The ethereal coin bottomed out and topped off at $2,175.32 and $2,548.81, respectively. Ethereum’s futures OI also had a sprightly 6% increase to $21.17 billion, proving that the market’s interest in this wily coin remains undiminished. Alas, Ethereum’s market dominance remained at a modest 9.6%.
XRP’s Exuberant 24% Rise
XRP, that plucky little coin from Ripple, led the charge today with a resounding 24% leap to $2.79. It danced from a low of $2.23 to a high of $2.97, with its futures OI leaping 38% to $4.33 billion. It seems Trump’s backing has given XRP a rather robust shot in the arm.
SOL Soars 18%
Not to be outdone, SOL price bounded up 18% to close at $170, in step with the broader market’s exuberant dance. The coin’s trajectory took it from a low of $140.30 to a high of $178.63. Solana futures OI also grew by over 14% to $5.01 billion, which, one must concede, is rather impressive.
Meme Coins Join the Merry Dance
Even the meme coins got in on the act, with Dogecoin (DOGE) up by 10% to $0.2272, and Shiba Inu (SHIB) not far behind, up nearly 6% to $0.00001451. Pepe Coin (PEPE) also had a jolly good time, shooting up nearly 10% to $0.000008508.
Today’s Crypto Market Top Guns
Cardano (ADA)
Price: $1.05
24-Hour Gains: +59%
Onyxcoin (XCN)
Price: $0.01982
24-Hour Gains: +26%
Cronos (CRO)
Price: $0.09035
24-Hour Gains: +22%
Today’s Crypto Market Laggards
Maker (MKR)
Price: $1,524
24-Hour Loss: -6%
Celestia (TIA)
Price: $3.97
24-Hour Loss: -5%
Berachain (BERA)
Price: $8.24
24-Hour Loss: -1%
In the final analysis, the crypto market’s bull run seems to be powered by the president’s backing of a crypto reserve. Investors and traders are rubbing their hands with glee, anticipating even greater gains as this curious saga unfolds.
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2025-03-03 08:12