Crypto Prices on March 5, 2025: A Simple Look
On March 5, 2025, the world of cryptocurrencies was buzzing with activity. Let’s check out what happened to the prices of popular cryptocurrencies like Bitcoin, Ethereum, and others.
What’s Going On?
On this day, the crypto market was like a rollercoaster ride, with prices going up and down. Let’s see what caused these ups and downs.
Bitcoin (BTC)
Bitcoin’s price went up a bit, almost reaching $90,000, after a small drop below $87,000[1]. Experts say this happened because people were less worried and the U.S. dollar was weaker[1]. Some signs show that Bitcoin might go up to $95,000 soon[4].
Ethereum (ETH)
Ethereum’s price reached $2,220 after a small dip to $2,000[2]. It’s now stuck in a range, with $2,100 as the bottom and $2,220 as the top[3]. If things go well, Ethereum could reach $2,400[5].
Other Cryptocurrencies
Cryptocurrencies like Ripple (XRP), Binance Coin (BNB), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Pi (PI), Hedera (HBAR), and Chainlink (LINK) usually follow the big guys like BTC and ETH. Pi is newer and less traded, so it might be more bumpy. HBAR and LINK can go up or down based on how well people use them[3].
ETF Outflows
People took out a lot of Bitcoin and Ethereum from ETFs, with a total of 1,747 BTC and 1,046 ETH[3]. This can affect spot prices, but it also shows what investors think about the market.
What’s Next?
The crypto market on March 5, 2025, showed that it can handle ups and downs. Bitcoin and Ethereum led the way, and even though there were some challenges, people are still interested in cryptocurrencies. As the market changes, more people might want to invest in these digital assets. Bitcoin could reach $100,000, and Ethereum might hit $2,400[5].
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Sources:
– en.cryptonomist.ch
– coinstats.app
– blockchain.news
– coindesk.com
– financefeeds.com