Crypto Price News For March 5: Bitcoin Recovers to $87K, Altcoins Rebound

The crypto market is showing signs of recovery after yesterday’s crash, with Bitcoin and major altcoins regaining ground.

The rebound comes as investors digest trade-war tensions and look ahead to the upcoming White House Crypto Summit on March 7, which could bring regulatory clarity and drive further gains. While the optimism may be cautious, it’s still there, and it helps the market to move up.

Coinmarketcap reports that the global crypto market cap has increased by 3.09% to $2.86T. However, overall market volume has dropped further, falling by 21.93% to $146.39B. Despite that, the overall market performance is now back on an upward trajectory, with a CMC 100 Index showing a 3.37% rise in the past 24 hours.

Top Gainers

The market upturn has triggered a rebound in several assets that experienced losses yesterday:

• Aave (AAVE): +20.20%
• Cardano (ADA): +12.05%
• Bitcoin Cash (BCH): +10.84%
• Chainlink (LINK): +6.54%
• Binance Coin (BNB): +4.44%
• XRP (XRP): +3.17%
• Bitcoin (BTC): +3.55%
• Ethereum (ETH): +3.56%
• Solana (SOL): +2.41%

Bitcoin (BTC) and Ethereum (ETH) each gained around 3.5%, with BTC returning to $87K and ETH back above $2,100. However, both remain below their weekend highs.

Aave (AAVE) led today’s gainers with a 20.20% surge as traders returned to DeFi projects. Cardano (ADA) follows close with a 12.05% gain, recovering some of its heavy losses from yesterday. Bitcoin Cash (BCH) jumped 10.84%, continuing its trend of sharp price swings.

Chainlink (LINK) climbed 6.54%, benefiting from renewed interest in DeFi. Binance Coin (BNB) rose 4.44%, maintaining stability after holding up better than most during the crash. XRP (XRP) posted a modest gain of 3.17%, mirroring the broader market rebound. Solana is recovering a bit slower but is still on an upward trend with a +2.41% rise.

As for the other losers we mentioned yesterday, they too are experiencing a recovery. Dogecoin (DOGE) and Shiba Inu (SHIB) rose by 1.70% and 1.26%, respectively, as memecoins recovered alongside the rest of the market.

Top Losers

Despite the recovery, some assets continued to slide, such as:

• dogwifhat (WIF): -5.99%
• Maker (MKR): -2.78%
• Litecoin (LTC): -2.27%
• Avalanche (AVAX): -1.34%
• Toncoin (TON): -1.21%

Memecoin dogwifhat (WIF) dropped 5.99% as hype faded. Maker (MKR) and Litecoin (LTC) fell 2.78% and 2.27%, underperforming despite DeFi’s resurgence.

Avalanche (AVAX) and Toncoin (TON) posted small losses of 1.34% and 1.21%, making them outliers on an otherwise positive day for the market.

Although some coins are still going down, Bitcoin is stabilizing and most altcoins start to recover. Investors are now focused on the White House Crypto Summit on March 7. A positive outcome could push BTC back above $90K and fuel further gains in the altcoin sector. However, ongoing economic concerns may still cause volatility in the coming days.