Cryptocurrency Price Today (March 3): Bitcoin Manages To Recover As Trump Announces Strategic Crypto Reserve
Cryptocurrency price on March 3 quick take: The global market cap rose to $3.08 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, managed to recover from the past week’s losses, climbing above the $92,000 mark early Monday. US President Donald Trump’s announcement of a Strategic Crypto Reserve, including tokens like XRP, Solana (SOL), and Cardano (ADA), along with Bitcoin and Ethereum, helped the market recover. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board as overall Market Fear & Greed Index stood at 39 (Fear) out of 100, as per CoinMarketCap data. The Cardano (ADA) token became the biggest gainer, with a 24-hour jump of nearly 60 percent. Maker (MKR) became the biggest loser, with a 24-hour loss of nearly 7 percent.
The global crypto market cap stood at $3.08 trillion at the time of writing, registering a 24-hour jump of 8.76 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $92,685.59 registering a 24-hour jump of 8.44 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 80.95 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,441.34 marking a 24-hour jump of 9.57 percent at the time of writing. Ethereum price in India stood at Rs 2.13 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 10.63 percent, as per CoinMarketCap data, currently priced at $0.2278. Dogecoin price in India stood at Rs 19.87.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.14 percent. At the time of writing, it was trading at $122.67. LTC price in India stood at Rs 10,719.37.
Ripple (XRP) Price Today
XRP price stood at $2.79, seeing a 24-hour gain of 24.66 percent. Ripple price in India stood at Rs 244.28.
Solana (SOL) Price Today
Solana price stood at $170.14, marking a 24-hour jump of 18.41 percent. SOL price in India stood at Rs 14,824.70.
Top Crypto Gainers Today (March 3)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Cardano (ADA)
Price: $1.07
24-hour gain: 60.07 percent
Onyxcoin (XCN)
Price: $0.02042
24-hour gain: 31.17 percent
Ripple (XRP)
Price: $2.80
24-hour gain: 24.46 percent
Story (IP)
Price: $6.61
24-hour gain: 22.15 percent
dogwifhat (WIF)
Price: $0.7713
24-hour gain: 22.03 percent
Top Crypto Losers Today (March 3)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Maker (MKR)
Price: $1,527.47
24-hour loss: 6.53 percent
Celestia (TIA)
Price: $3.93
24-hour loss: 6.47 percent
Bittensor (TAO)
Price: $343.73
24-hour loss: 1.21 percent
Berachain (BERA)
Price: $8.24
24-hour loss: 1.20 percent
Litecoin (LTC)
Price: $122.45
24-hour loss: 0.54 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex told ABP Live, “The crypto market gained strong momentum as Trump announced the Strategic Crypto Reserve, including tokens like XRP, Solana (SOL), and Cardano (ADA), along with Bitcoin and Ethereum. This move triggered a turnaround performance in the market, with major coins rising upto 60% in 24 hours. With expectations to drive global adoption of crypto reserves, this move could accelerate the mainstream integration of crypto as we move towards a digital economy. With BTC trading above $90,000, the announcement has given BTC the strength for a decisive move towards the $100k mark. However, investors must keep a close eye on the market for any pullback in the short term.”
CoinSwitch Markets Desk noted, “Yesterday was one of the biggest events in the history of crypto as US president Donald Trump announced "moving forward" with a strategic crypto reserve which includes SOL, XRP and ADA. Soon after this post went live on social media platform, a huge surge of volumes inflow happened across crypto pairs, with close to 300 billion dollars added in the crypto market overnight, that too on a weekend - a similar trend that we saw on TRUMP memecoin launch as well, which was done on a Saturday itself.”
Shivam Thakral, CEO of BuyUcoin, said, “As the crypto market continues to thrive, Bitcoin has made a remarkable leap, reaching new heights. With its recent surge, Bitcoin has shown incredible resilience, rebounding from lows to now approach the $95,000 mark. This upward trend is fueled by strategic moves like the establishment of the U.S. Crypto Strategic Reserve and increasing institutional adoption, signaling a shift toward mainstream acceptance. At BuyUcoin, we believe these favorable developments, including the upcoming White House crypto summit led by David Sacks on March 7th, will propel the market forward, attracting more investors and driving prices even higher.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Donald Trump's declaration of a 'Crypto Strategic Reserve' has spread optimism in the crypto space, triggering enormous rallies. Bitcoin went up, Ethereum followed suit, and altcoins such as XRP, Solana, and Cardano had also showed bullish momentum. The action is interpreted as a strategic move, placing the U.S. at the forefront of the digital asset sector. As Bitcoin dominance wanes and altcoins pick up steam, investors are speculating about the wider implications of this move.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin surged 10% following Donald Trump’s announcement of a Crypto Strategic Reserve, driving BTC from a 120-day low of $78,200 to over $90,000. The rally comes amid growing macroeconomic uncertainty and increasing institutional demand. With Trump’s victory odds rising to 88%, optimism in the crypto market is soaring. If Bitcoin maintains support above $88,000, analysts predict a breakout past $100,000. Short sellers are folding as bullish momentum builds, positioning BTC for a potential $150,000 rally in March. Investors are closely watching institutional inflows and regulatory developments as Bitcoin edges toward a new all-time high.”
CoinDCX Research Team noted, “President Trump announced a Crypto Strategic Reserve consisting of Bitcoin, XRP, Cardano, & Solana and once again pledged to make the US the crypto capital of the world. With this, the price of ADA spiked above $1 and XRP reached $3. Meanwhile, Bitcoin surged above $95,000 but failed to surpass the crucial resistance at $95,500, causing a pullback below $93,000. On the other hand, Solana's price faced rejection before reaching $180. Besides, the other cryptos remain accumulated within a range as the trader’s attention shifts to the cryptos chosen for strategic reserve.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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