The cryptocurrency market rose on March 6, adding approximately 4 % of the value with the improvement of investor morale following the announcement of US President Donald Trump’s announcement of a national encoding reserve.
This initiative, which includes Bitcoin (BTC), ETHEREUM (ETH), Solana (Sol), and XRP, have fed optimism after a sharp decrease in February caused by commercial war concerns.
With the total market value approaching 3 trillion dollars, traders closely monitor the top of the encryption from Trump at the White House.
The event, which is appointed for Friday, is expected to present an insight into the government’s sophisticated position on digital assets.
Meanwhile, market indicators show an increase in participation, with the interest of future contracts (OI) through the main cryptocurrencies.
Bitcoin climbing
Bitcoin has jumped approximately 5 % in the past 24 hours, trading at 91,678 dollars. The leading cryptocurrency is briefly at 91,996.45 dollars before stability.
source: Coinmarketcap
This increase coincided with a 6.5 % increase in BTC futures, reaching $ 50.83 billion, highlighting the increasing market confidence.
Bitcoin’s dominance in the market also increased by 0.43 % to 60.67 %, exceeding Altcoins and reaffirming its location as the main driver of market momentum.
The last gathering refers to the interest of an institutional investor and a strong investor before the Trump Summit, where the organizational clarity is expected to be on encryption assets.
Ethereum rises 5 %
Ethereum followed the upward Bitcoin path, and gained more than 5 % during the past day to trade at $ 2,299. The original fluctuation is between $ 2,159.01 and 2,293.55 dollars, which reflects the increase in investor activity.
source: Coinmarketcap
ETHEREUM futures increased by 6 % to $ 20.03 billion, reflecting the interest of the renewable market in promotions coming from Blockchain.
The last performance of ETHEREUM has been strengthened by developers solving the main problems on Sepolia Testnet, which paves the way for a very expensive bacterial upgrade.
With ETHEREUM market dominance by 9.2 %, traders closely monitor its next step, especially as the most effective upstalli morale continues to be in prices.
Altcoins profit
XRP recorded a 1 % modest profit, trading at $ 2.50, with a range during the day from $ 2.42 to $ 2.54. Token’s OI’s futures increased by 3.5 % to $ 3.42 billion.
source: Coinmarketcap
The assembly comes amid reports on the high activity of whale and an increase in active headlines on the XRP network. Speculation related to the completion of the Ripple lawsuit with the US Securities and Stock Exchange Committee (SEC) has also contributed to market confidence.
Solana, another major amount, witnessed 4 %, as it reached 149 dollars. The price of the distinctive symbol fluctuated between $ 140.60 and 149.64 dollars, driven by an increase of 4 % in OI futures.
source: Coinmarketcap
With the directions of the broader market that prefers upward activity, Solana continues to attract the attention of a great merchant.
Mimi currencies and the highest engines
Meme currencies have also seen gains that are in line with the broader market morale. Dogecoin (Doge) increased by 5 % to $ 0.2086, SHIBA Inu (SHIB) increased by 4 % to 0.00001348, and Pepe Coin (PEPE) rose 3 % to 0.000007152 dollars.
Meanwhile, many altcoins recorded the smallest gains of two numbers, highlighting the increasing speculation in the market.
Among the best winners, both Oondo (Oondo) and CRONOS (CRO) jumped by 20 %, trading at $ 1.18 and $ 0.08784, respectively. The movement (the movement) rose 16 % to $ 0.4677.
On the losing side, the story (IP) decreased by 6 % to $ 5.22, while Toncoin (TON) and Ethena (ENA) decreased by 3 % each.
As the market continues to move in organizational and macroeconomics, investor morale remains optimistic with caution.
Fear and greed index still indicates “fear” in the market, which some traders explain as a potential purchase. All eyes are now turning to the Trump encryption summit, where the main policy ads can form the next stage of the market track.
Update post -encryption market: Bitcoin, Ethereum, Solana and XRP Rise before the Trump encryption summit first appeared on Invezz
