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BTC Jumps 8%, ETH, XRP, & SOL Recover

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2 weeks ago

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Crypto prices today (March 1) have reignited a bullish market sentiment among traders and investors globally, illustrating signs of recovery. Bitcoin (BTC) price gained nearly 8% in the past 24 hours. Whereas, Ethereum (ETH), XRP, and Solana (SOL) prices were up by 5%-16%, underscoring a major bounceback from previous dips. Simultaneously, meme coin prices were also trading in the green zone, with TRUMP leading the broader market gains.

Mentioned below are some of the most trending coins for the day and a brief report on their price movements.

Crypto Prices Today: BTC & Altcoins Show Signs Of Recovery

The crypto market gained nearly 5% in the past 24 hours, closing the week with a market cap of $2.82 trillion. Further, even the total market volume witnessed a 12% uptick to $158.76 billion.

BTC price ends the week near the $85K level, sparking some hope despite the recent market bloodbath. Simultaneously, ETH managed to regain a break above $2,200.

BTC Price Regains $85K

At the time of reporting, BTC price gained nearly 8% intraday and exchanged hands at $85,351. The flagship coin hit a bottom and a peak of $78,248.92 and $85,608.40 in the past 24 hours. Notably, the rising price action comes despite rising PCE Price Index for January, per a recent CoinGape report. Also, BTC futures OI jumped 2% in the past 24 hours to $51.13 billion, per Coinglass data. The flagship coin appears to be witnessing renewed market interest as the week closes.

ETH Price Jumps 6%

ETH price witnessed an uptick of slightly over 6% over the past day, closing in at $2,264. The coin hit a 24-hour low and peak of $2,076.17 and $2,273.02, respectively. Ethereum rises alongside a 4% surge in its futures OI to $19.90 billion. The latest update surrounding the crypto remains that the U.S. SEC has delayed its decision on Fidelity‘s spot Ethereum ETF options.

XRP Price Surges 9%

XRP price pumped 9% in the past 24 hours, exchanging hands at $2.19. The coin hit an intraday low and peak of $1.96 and $2.21, respectively. XRP futures OI saw an 8% increase to $3.05 billion in the past 24 hours, underscoring rising market interest.

SOL Price Soars Over 15%

SOL price sky-shot by over 15% intraday and exchanged hands at $146.41. The coin hit an intraday bottom and peak of $125.74 and $150.79 over the past 24 hours. Solana’s price rose alongside a 15% surge in its futures OI to $4.65 billion, per Coinglass data.

Meme Crypto Prices Today

Simultaneously, the meme coin sector has mirrored an uptrend that is in sync with the broader market trend. Dogecoin (DOGE) price saw a 10% increase in value to $0.2075. Similarly, Shiba Inu (SHIB) price rose over 5% to $0.00001406. Even Pepe Coin (PEPE) price sky shot over 6% today, closing in at $0.000007934.

Top Gainer Crypto Prices Today

Official Trump (TRUMP)

Price: $14.02
24-hour Gains: =23%

Celestia (TIA)

Price: $4.17
24-hour Gains: +20%

Hedera (HBAR)

Price: $0.2253
24-hour Gains: +19%

Top Loser Crypto Prices Today

Nexo (NEXO)

Price: $1.12
24-hour Loss: -3%

KuCoin Token (KCS)

Price: $11.49
24-hour Loss: -1%

PAX Gold (PAXG)

Price: $2,859
24-hour Loss: 0.5%

Overall, traders and investors reflect considerable optimism in light of the crypto market’s recent recovery-like trend, anticipating potential gains ahead.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitcoin Price Eyes $200,000 Breakout If This History Aligns

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3 minutes ago

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March 17, 2025

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The price of Bitcoin (BTC) is undergoing bullish consolidation at the moment after the intense selloff in the broader market cooled off. The current outlook shows relief for a coin that dropped as low as $76,624.25 in the past week. Per the historical trend of BTC prices, this consolidation might be a buildup to a massive rally for the top coin.

Bitcoin Price and Potential $200,000 Play

When writing, the BTC price changed hands for $83,927.24, up by 1.38% in 24 hours. The coin has jumped from a low of $82,017.90 to a high of $84,725.32, a show of brewing breakout.

Market analyst Rekt Capital analyzed whether this current price is a short-term relief. He spotlighted a trend from June 2021, when the price of Bitcoin was consolidating between the 21-week EMA and the 50-week EMA. The consolidation came just after a crash.

About a week ago, the BTC price crashed, triggering millions in liquidation across the market. Following this price slump, the coin is consolidating between the same EMA showcased by Rekt Capital. 

In June 2021, Bitcoin prices increased from $33,000 to $42,000. This gives an average price of $37,500. From here, the coin jumped by over 123.95% to its current price of $83,927.24. If history repeats, Bitcoin Bitcoin may soar to almost $187,280 or approximately $200,000.

BTC Price and Accumulation Trend

According to market data from Glassnode, Bitcoin currently has a high of 0.1. According to the market analytics platform, this figure indicates sustained buying pressure despite the market selloff.

Rather than steer clear of the market, Glassnode hinted that the coin’s distribution remains dominant overall. Other onchain indications also point to reboot from BTC proponents. IntoTheBlock data points to a 5.34% surge in large transactions to $34.7 billion.

This whale transaction is important as it shows a trend shift among market players that can impact prices. It is also complemented by the 24% surge in BTC trading volume of crypto exchanges, a sign of sustained positive sentiment.

What Next for the Crypto Market?

The growth or fall in the price of Bitcoin has a way of impacting the broader market. In an earlier cryptocurrency price prediction, the impact of Trump and Putin’s peace deal over Ukraine was considered. Experts are convinced the broader market may ignite a bullish rally if the conversations turn positive.

Although spot Bitcoin ETF market has been showcasing outflows over the past week, the coin is positioned to be the biggest beneficiary in this shift. While the Rekt Capital historic forecast teases $200,000, experts like Cathie Wood predict deflationary boom for the market, riding on massive BTC adoption rate by institutions and governments.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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MUBARAK Coin Price Soars 22% Amid This Binance Announcement, What’s Next?

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8 hours ago

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March 17, 2025

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MUBARAK coin emerged as the latest hot buzz of the crypto sector, securing a prominent mark on traders’ and investors’ radars amid Binance founder CZ’s involvement in the meme coin. CZ recently hinted that he is Mubarak, a shilling cryptic move that sent shockwaves across the meme crypto industry. Now, with the crypto exchange titan itself revealing plans to launch a perpetual contract for the token, market sentiments over the crypto’s price prospects have turned highly bullish.

Notably, MUBARAK price is currently up 22% intraday in the wake of Changpeng Zhao spotlighting the token, further escorted by the CEX’s futures listing.

Mubarak Coin Gains Traction As It Secures Binance Listing

According to an official announcement dated March 17, Binance futures is launching a MUBARAKUSDT perpetual contract today at 13:30 UTC. The platform’s colossal user base remains primed to enjoy up to 25x leverage trading the new token.

This announcement by one of the top crypto exchanges ignited optimistic waves, paving the way for further investor interaction with the new asset. As market participants look to capitalize on emerging opportunities, a gush of money inflow into this meme token remains anticipated.

In turn, bullish market sentiments about MUBARAK coin’s price prevail across the broader market.

Is Binance’s CZ Mubarak?

CoinMarketCap’s data about this new token reveals that “CZ just subtly acknowledged that he’s Mubarak,” a cryptic move that sparked market discussions globally. On the other hand, a recent CoinGape report spotlights that CZ also bought $600 worth of the new meme coin, sparking a market frenzy.

When coupled with Binance’s futures listing, these developments add an extra layer of market optimism to the new token.

What’s More In The Listing Announcement?

Apart from enhanced trading support for MUBARAK coin, the crypto exchange behemoth unveiled Bubblemap’s (BMTUSDT) perpetual contract with up to 25x leverage. This announcement triggered 43% gains in the asset, reaching $0.1289, as indicated by the intraday trading chart.

MUBARAK Price Surges Over 20%

As of press time, MUBARAK price witnessed a 22% pump and exchanged hands at $0.09902. Notably, the coin hit an intraday peak of $0.1458, which was in sync with Binance’s announcement. Further, traders reacted positively to the abovementioned developments, as signaled by a 120% increase in the asset’s intraday trading volume to $165.45 million.

More Support From Binance?

Simultaneously, it’s noteworthy that in a previous announcement on Binance Alpha, the crypto exchange revealed support for the Mubarak coin. Binance Alpha is a platform featuring tokens that can be potentially considered for listings on the exchange moving ahead.

Overall, traders and investors anticipate potential gains in this newly launched token amid rising market demand and interest.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitcoin Price Mirrors Gold’s 1970 Rally – A Six-Figure BTC Target of $250k Next?

Published

14 hours ago

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March 17, 2025

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Years after its inception, growing adoption and price rallies, Bitcoin gained the tag of the ‘digital gold.’ However, other than the name, there wasn’t much similarity until recently, as it began following the gold’s historical bull run pattern from the 1970s. With BTC trading at $83.2k and Gold near $3k, the parallel pattern between the two assets cannot be ignored.

If BTC moves on this bullish pattern, experts believe it could reach the anticipated six-figure $250k target. Let’s discuss the Bitcoin Vs gold trajectory and what this means for investors.

Bitcoin Vs. Gold: Bitcoin Price Mirrors Gold’s 1970s Bullish Pattern

In the mid-1970s, gold experienced a massive breakout after years of price consolidations. At that time, it resulted in exponential growth, and interestingly, Bitcoin went through a similar accumulation phase, followed by a period of consolidation.

More importantly, the Bitcoin Vs Gold chart analysis presents the Bitcoin price in the exact position that gold was before its explosive rally or bull run. Other than that, the major resistance levels have been tested multiple times, signaling an upcoming breakout.

Bitcoin Vs GoldBitcoin Vs Gold

Not to forget, the growing institutional adoption and U.S. Strategic Bitcoin Reserve formations show a similar influx of demand as with gold before its historic surge.  As a result, investors anticipate an exponential rally to a six-figure high of $250k.

If the gold’s trajectory is followed, BTC can break out beyond $100k, as it has already set an ATH at $109k earlier. An extended Bitcoin bull run could push it towards $250k in the upcoming years.

Interestingly, many analysts and trading tools have shared similar Bitcoin price predictions, increasing the credibility of this Bitcoin vs gold pattern.

Bitcoin Price Chart Forms Descending Broadening Wedge, What’s Next?

Although the long trajectory for BTC remains optimistic, the current scenario is in a tough spot. The token currently trades at $83.2k and stands 24% away from its ATH per CoinmarketCap.

Interestingly, the BTC price chart was forming a bullish pennant pattern before but now has turned into a descending broadening wedge per analysts on the 1-hour time frame.

As a result, this indicates the increased volatility and the possibility of the breakout only if it breaks the resistance at $84.1K. The key resistance is $84.1k, so a breakout above this could trigger a rally. In addition, the key support is at $81k, so the maintenance of this level is crucial.

Bullish Pennant turned into Descending Broadening Wedge in 1h TF chart. Bulls need to clear the 84.1k resistance to confirm the breakout. I’m still bullish, says crypto analysts Captain Faibik

Bitcoin price predictionBitcoin price prediction

Interestingly, once the BTC crosses over the resistance, it could hit $86k-$88k in the short term and six figures in the long term.

Conclusion: Bitcoin to Hit Six Figures with Gold’s Bullish Pattern

The Bitcoin price action is similar to gold’s actions in the 1970s, which resulted in one of the biggest rallies. Further continuity of this pattern will result in a breakout. However, this is based on recent stats, so the trajectory may change with upcoming macroeconomic events like the U.S. Fed decision and market performance.

So, investors must cautiously analyze BTC’s trajectory, especially as it is in a descending broadening wedge pattern, where it needs to clear $84.1k to confirm the bullish uptrend.

Frequently Asked Questions (FAQs)

Bitcoin has followed similar price actions as gold did before its 1970s bull run, including accumulation and consolidation phases.

BTC currently trades at $$83.2k after following the descending broadening wedge pattern, pushing it into a temporary downtrend.

The key resistance for BTC lies at $84.1k, and a breakout above this could ensure an uptrend, but a collapse below the key support of $81k could result in a crash.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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