Crypto Market
Bitcoin remains steady above $107,000, and Ethereum has climbed past $2,400. The crypto market reflects macroeconomic influences with continuous advancements in the space. Discover how Bitlet.app's Crypto Installment service makes entering the market easier than ever.
The cryptocurrency market saw a positive reaction after US inflation data showed a smaller-than-expected decline. Bitcoin rose above $22,000, Ethereum surpassed $1,500, while other tokens like Dogecoin and Binance Coin also recorded modest gains. Despite regulatory pressures, market momentum remains slightly negative.
Ethereum's price dipped slightly to $2,426.77, reflecting a 0.94% decrease amid an intraday range between $2,460.57 and $2,391.62. This signals a market correction phase.
On March 5, 2025, Bitcoin and Ethereum led the crypto market gains with a notable price increase, while Aave surged impressively. This follows a dip on March 4, when both BTC and ETH prices dropped. Also in the spotlight, former White House Crypto Czar David Sacks sold all his personal crypto holdings before assuming office, stirring speculation.
Bitcoin and Ethereum are driving the cryptocurrency market rally as investors grow optimistic about upcoming ETF launches, including Fidelity's planned Ethereum ETF. Despite SEC delays on spot bitcoin ETFs, the crypto market remains positive with other coins like BNB and XRP also gaining.
Bitcoin is trading close to its all-time high of around $109,000, supported by reduced selling pressure and strong institutional interest. Meanwhile, Ethereum staking reaches a new peak with 34.8 million ETH staked, driving positive momentum for Ether prices.
Bitcoin climbed to $105,000 after President Trump's executive order promoting cryptocurrency regulations and banning CBDCs. The U.S. move signals growing mainstream acceptance of digital assets, with major cryptocurrencies gaining traction and banks preparing for crypto payments.
Bitcoin and Ethereum prices surged following the Federal Reserve's indication of potential interest rate cuts in September, with investors eagerly awaiting upcoming U.S. jobless claims data and Fed Chair Powell's remarks at the Jackson Hole Symposium.
South Korea's National Assembly has postponed the implementation of a 20% tax on cryptocurrency trading profits from 2025 to 2026, offering relief to crypto investors and supporting market growth.
Bitcoin's Kimchi premium hits 10%, signaling short-term risks. The chance of BTC dropping to $75K doubles amid escalating trade tensions driven by Trump's tariffs. Meanwhile, XRP and Dogecoin plunge over 25% due to crypto liquidations exceeding $2.2B. Despite volatility, Tether reports a $13B profit in 2024, benefiting from rising Bitcoin and gold prices.