The cryptocurrency market saw a strong upward trend on March 5, 2025, with Bitcoin (BTC) and Ethereum (ETH) registering gains. Heavy trading volumes and investor optimism fueled price surges across major digital assets. Market capitalization rose, while some altcoins faced setbacks.
Bitcoin (BTC) climbed 1.9%, reaching $88,465, marking a steady recovery from recent pullbacks. Despite this surge, BTC remains 23% below its January 2025 peak of $109,000. The trading volume stood at $42.6 billion, reflecting strong investor activity.
Ethereum (ETH) saw a 3.66% increase, trading at $2,173.40. Other major cryptocurrencies like Solana (SOL) and Ripple (XRP) followed suit, with SOL up 3.55% to $142.29 and XRP rising 5.12% to $2.44.
Several altcoins outperformed the market with significant gains:
- Aave (AAVE) surged 22.06% to $213.03, making it the top gainer.
- Cardano (ADA) increased by 14.71%, reaching $0.9308.