Bitcoin, Ethereum, XRP, Dogecoin Rise But ‘Bulls Are On Borrowed Time’: Reclaiming $90,000 Could Trigger A Major Deviation
Posted On March 5, 2025
Crypto markets are trending higher as investors anticipate Friday’s crypto summit.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $89,787.93 | +2.3% |
| Ethereum (CRYPTO: ETH) | $2,212.47 | +3.3% |
| Solana (CRYPTO: SOL) | $145.22 | +2.5% |
| XRP (CRYPTO: XRP) | $2.50 | +0.9% |
| Dogecoin (CRYPTO: DOGE) | $0.2036 | +2.4% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001324 | +1.4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 26.3% and daily active addresses falling by 8.2%. Transactions greater than $100,000 are down from 13,388 to 11,748 in a single day. Exchanges netflows are down by 68.5%.
- Coinglass data reports 90,347 traders were liquidated in the past 24 hours for $311.57 million.
- Crypto chart analyst Ali Martinez reports that capital inflows into the crypto market have surged to $15 billion.
- Crypto analyst Miles Deutscher highlights that Bitcoin balances on exchanges have been declining over the past two weeks, suggesting traders bought the dip and moved their holdings to cold storage amid the price slump.
Notable Developments:
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