Binance Market Update: Crypto Market Trends | March 5, 2025

According to CoinMarketCap data, the global crypto market cap is $2.95T, a 6.52% increase over the last day.

Bitcoin (BTC) traded between $90,660 and $81,500 over the past 24 hours. As of 11:00 AM (UTC) today, BTC is trading at $90,12, up by 7.12%.

Most major cryptocurrencies by market cap are trading higher. Market outperformers include AAVE, RLC, and KAITO, up by 28%, 25%, and 23%, respectively.

Top stories of the day:

• Binance Records $3.97 Billion Net Inflow Following Bybit Hack, DefiLlama Data Shows

• Trump Likely to Approve Resolution Rescinding Crypto IRS Rule

• Polymarket Predicts 70% Chance of U.S.-Canada Trade War Ending by May

• Texas Bitcoin Reserve Bill SB21 Moves to Voting Stage

• Trump to Announce Bitcoin Reserve Strategy at White House Crypto Summit, According to Howard Lutnick 

• QCP: Atlanta Fed’s GDP Forecast Turns Negative, Markets Await Key Economic Data 

• Trump’s Tariff Policies Could Trigger Stagflation, Warns Boston College Economist 

• U.S. to Implement Reciprocal Tariffs Starting April 

• Indonesia's Cryptocurrency Trading Volume Surges in January 2025 

• Dollar Index Falls Below 105 as Bitcoin Surges Past $89K

Market movers:

ETH: $2248.92 (+7.50%)

XRP: $2.5071 (+6.67%)

BNB: $603.64 (+6.70%)

SOL: $146.24 (+7.29%)

ADA: $0.9645 (+20.29%)

DOGE: $0.20421 (+6.39%)

TRX: $0.2415 (+3.21%)

TRUMP: $13.32 (+8.91%)

WBTC: $88501.1 (+5.72%)

LINK: $16.45 (+19.90%)