Why Is the Crypto Market Up Today? [Live Updates] March 5, 2026

The United States has secured a multimillion-dollar gold deal with Venezuela, according to reports. Venezuela’s state-owned mining company Minerven will supply up to 1,000 kilograms of gold for US markets. Commodity trader Trafigura will handle transport and deliver the gold to US refineries under a separate arrangement with the US government. The contract requires 98% gold purity, and the deal could be worth more than $150 million. The agreement signals growing US interest in Venezuela’s natural resources.

Money may be shifting from South Korean stocks back into crypto markets. The KOSPI index had surged about 80% in four months while Bitcoin dropped 52%. That stock rally drove heavy leverage and record ETF trading. Now the trend is changing as foreign investors pull out. Around $13.7 billion in KOSPI stocks were sold in February, the biggest monthly outflow on record. The index has fallen about 20% in five days, while Bitcoin has risen 11%, hinting at a possible shift toward crypto.

Bitcoin appears to have found its lowest level for 2026 after dropping about 52% from its all-time high to around $60,000. Some analysts who expected prices to fall to $30,000–$40,000 may now miss the early stage of the recovery. The decline was smaller than past cycles, which saw drops of up to 80–90%. Market pressure, including a reported Binance trading glitch and heavy institutional activity, pushed prices lower earlier. With economic data improving, many investors now expect the broader bull market to begin.