The cryptocurrency market experienced a surge today, March 5, 2025, driven by positive investor sentiment following Donald Trump's announcement of a U.S. crypto reserve. The global crypto market capitalization increased by 4.08%, reaching $2.86 trillion. However, trading volume saw a decline of 19.73%, settling at $148.18 billion. The Crypto Fear & Greed Index is still in the fear zone, with a value of 25, indicating ongoing caution among investors.
Top Market Performers:
* Bitcoin (BTC): Led the market rally, climbing 1.9% to $88,465. Bitcoin is still 23% below its January 2025 peak of $109,000. Some analysts predict it could reach $120,000 by mid-2025, while others anticipate a retracement to $85,000.
* Ethereum (ETH): Increased by 3.66%, reaching $2,173.40.
* Solana (SOL): Up by 3.55% to $142.29.
* XRP: Rose by 5.12% to $2.44.
* Aave (AAVE): Emerging as the top gainer, surging 22.06% to $213.03.
* Cardano (ADA): Increased by 14.71% to $0.9308.
* Bitcoin Cash (BCH): Rose 13.37% to $346.09.
Top Market Losers:
* Fantom (FTM): Dropped 10.54% to $0.6346.
* Axelar (AXL): Declined 9.89% to $2.18.
* Worldcoin (WLD): Fell 9.47% to $7.25$120,000 by mid-2025 and cautious analysts expecting pullbacks to $85,000.
* Despite the day's gains, the overall sentiment remains cautious, as reflected in the Crypto Fear & Greed Index.#TrumpCongressSpeech $ADA
