As of March 5, 2025, Bitcoin is trading at approximately $91,718.58, reflecting a 1.19% increase over the past 24 hours. Ethereum is priced around $2,272.02, up 1:13% in the same period. Crypto markets are in flux as technical indicators, political decisions, and new ETF filings converge to shape the future of digital assets.
Today, Bitcoin trades at $91,718.58 USD, up $1,075.39 (1.19%), which is a sign of possible recovery. Technical charts highlight a strong hold at the 200-day SMA with patterns suggesting that Bitcoin could bounce to around $95,000 and even test $100,000.
Moreover, recent political moves such as eased trade talks and potential tariff reductions by President Trump are fueling market optimism. The upcoming Trump Crypto Summit on March 7, 2025, where key industry leaders will gather to discuss regulatory strategies, underscores a shift in policy focus. In addition, ETF filings from institutions like Canary Capital and Bitwise are adding momentum across altcoins.
Crypto Fear & Greed Index | Source: Alternative.me
The Fear and Greed Index has decreased to 25, still indicating an extremely fearful market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility.
What’s Trending in the Crypto Community?
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Ethereum’s Pectra upgrade has been activated on the Sepolia testnet, but a bug in the second "Pectra" test may delay the mainnet release.
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BioNexus Gene Lab has launched an Ethereum financial reserve strategy, becoming the first Nasdaq-listed company focused on ETH.
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The Trump family’s WLFI project has purchased $25 million worth of WBTC, ETH, and MOVE tokens.
Trending Tokens of the Day
Bitcoin Eyes $95K as Bearish Sell-Off Loses Strength
BTC's daily chart. (TradingView/CoinDesk)
Bitcoin holds strong at its 200-day SMA. Daily charts from Tuesday and Friday show small candle bodies and long lower wicks that suggest sellers lost control below this key average. Technical charts show bullish undercurrents for Bitcoin at key support levels, suggesting a potential market reversal as its price decline stalls at the 200-day simple moving average with weakening selling pressure, and resistance emerges at $95,000 followed by $100,000.
The shape of candlesticks reflects trader sentiment, with at least two BTC candles since Friday indicating bullish signals at multi-month lows, providing a glimmer of hope for crypto bulls. Moreover, technical analysis indicates that Bitcoin may rebound from this level and surge toward a high near $95,000. Furthermore, the current price of $91,718.58 USD reinforces the notion of a bounce and renewed buyer interest.
Read more: The Race for Strategic Bitcoin Reserves: More U.S. States Move Toward Crypto Adoption
Political Developments and Their Impact on Market Sentiment
Political news has significantly influenced the crypto scene. Bitcoin jumped above $91,000 on March 5, 2025, as tariff talks eased. Moreover, reports suggest that President Trump might scale back tariffs on Canada and Mexico, a move that has bolstered market sentiment. Furthermore, these developments contributed to a 3% gain in Bitcoin over the past 24 hours. Political stability and proactive fiscal measures are now increasingly linked to investor confidence in the crypto market.
Donald Trump to Unveil Bitcoin Reserve Strategy at White House Crypto Summit
Source: X
Key crypto industry figures will gather at the Trump Crypto Summit on March 7, 2025, at the White House. Moreover, Commerce Secretary Howard Lutnick confirmed that President Trump will unveil a Bitcoin reserve strategy at the event.
He stated, "A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail and I think you’re going to see it executed on Friday." Lutnick also added, "So Bitcoin is one thing and then the other currencies the other crypto tokens I think will be treated differently—positively but differently."
These remarks signal a forthcoming regulatory shift that will grant Bitcoin a distinct status while treating other cryptocurrencies separately.
Read more: What Is a Strategic Bitcoin Reserve and How Likely Is It?
At the White House Crypto Summit, prominent industry figures will gather to discuss regulatory clarity, financial innovation, and economic growth opportunities; moreover, Strategy chairman Michael Saylor confirmed on X that he has been invited to the event, with his firm holding nearly 500,000 BTC as the largest public holder of Bitcoin in the world, and furthermore, Bitcoin Magazine CEO David Bailey along with executives from leading US crypto trading platforms such as Coinbase’s Brian Armstrong, Kraken’s Arjun Sethi, and Robinhood’s Vlad Tenev will also attend.
Additionally, Fox Business reporter Eleanor Terrett noted that several high-profile industry players including Chainlink co-founder Sergey Nazarov have confirmed their participation, while venture capitalists like Paradigm co-founder Matt Huang and Multicoin Capital managing partner Kyle Samani will be present, with Huang emphasizing the importance of US leadership in crypto innovation by stating, "I look forward to discussing how America can take a leadership role in promoting the principles of open crypto and enabling builders in ecosystems such as Bitcoin, Ethereum and Solana."
Canary Capital submitted an S-1 registration with the SEC for an Axelar ETF causing Axelar 14.04% Surge
Source: KuCoin
New ETF filings are contributing further to market momentum. On March 5, 2025, Canary Capital submitted an S-1 registration with the SEC for an Axelar ETF. Moreover, Axelar’s token surged by 14.04% within minutes and now trades near $0.43. Furthermore, the platform connects blockchains such as Ethereum, Arbitrum, and Optimism and has recently exceeded $1 billion in total value locked. Similar moves occurred when Bitwise filed an S-1 for an Aptos-based ETF, highlighting growing institutional interest in regulated crypto products.
Conclusion
Crypto markets are at a pivotal juncture as technical analysis, political events, and institutional ETF filings reshape the future of digital assets. Moreover, Bitcoin's current price of $91,718.58 USD and its strong hold at the 200-day SMA indicate a promising recovery and renewed buyer interest. Eased trade talks and the upcoming Trump Crypto Summit on March 7, 2025, add clarity to the regulatory landscape and reinforce market optimism. In addition, ETF filings signal that institutional support for altcoins is growing steadily. In summary, these converging trends set the stage for a dynamic future in crypto markets, where technical strength, political clarity, and innovative financial products drive investor confidence and market growth.
