Shiba

Bitcoin Cash

Donald Trump

Bitcoin

Shiba Inu

<p>Bitcoin price is bouncing back after a tough few weeks. The price has climbed above $90,000 again after falling as low as $78,000.</p>
<p>This recovery is lifting the entire crypto market with it. <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> is up 3%, Bitcoin Cash has surged 12%, Shiba Inu gained 4%, and Litecoin rose 5%.</p>
<h2 class="wp-block-heading" id="increasing-wallet-growth-on-bitcoin-network">Increasing Wallet Growth on Bitcoin Network</h2>
<p>The Bitcoin network is growing rapidly. Based on data from an onchain data provider, <a href="https://x.com/santimentfeed/status/1897411204785782806?s=46" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, there are 50,000 more wallets now than just a month ago. Most of these are smaller investors.</p>
<p>There are 37,390 new wallets holding less than 0.1 BTC and 12,754 new wallets with 0.1 to 100 BTC. However, there are 6 fewer wallets holding at least 100 BTC.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2025/03/image-152-1024x573.png" alt="" class="wp-image-645185" srcset="https://captainaltcoin.com/wp-content/uploads/2025/03/image-152-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-152-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-152-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-152-1536x859.png 1536w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-152-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-152-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-152-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-152-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-152-788x440.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Santiment have noticed some large wallet holders taking profits lately. This has somewhat limited what would otherwise be extremely bullish growth. They suggest watching for an increase in wallets holding over 100 BTC as a possible sign of a broader market breakout.</p>
<p>Santiment noted that there have been “mild signs of large wallets taking profits over the past couple of weeks,” which has tempered what would otherwise be “extremely bullish” wallet growth. They suggest that investors should watch for growth in the number of wallets holding over 100 BTC as a sign that a broader crypto market breakout could be on the horizon.</p>
<h2 class="wp-block-heading" id="trump-s-reported-crypto-investment">Trump’s Reported Crypto Investment</h2>
<p>Donald Trump may be influencing the market too. According to Crypto Rover, Trump reportedly bought $10 million worth of Bitcoin and another $10 million in Ethereum.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING:<br><br>TRUMP JUST BOUGHT $10M WORTH OF <a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BITCOIN</a> AND $10M OF <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>.<br><br>JUST A DAY BEFORE THE WHITE HOUSE CRYPTO SUMMIT.<br><br>HE KNOWS SOMETHING BIG… <a href="https://t.co/9TX4vYUboj" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9TX4vYUboj</a></p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1897495623022076042?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 6, 2025</a>
</blockquote>
<p>This large purchase allegedly happened today, a day before the <a href="https://economictimes.indiatimes.com/news/international/global-trends/trump-to-welcome-crypto-elite-at-white-house/articleshow/118746563.cms?from=mdr" target="_blank" rel="noopener noreferrer nofollow">White House Crypto Summit</a>, hinting he might have inside information about positive developments coming for crypto. This also signals growing confidence in cryptocurrency as a legitimate asset class.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/ripples-bold-move-how-xrp-is-disrupting-cross-border-payments-in-portugal-and-brazil/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s Bold Move: How XRP is Disrupting Cross-Border Payments in Portugal and Brazil</a></em></strong></p>
<h2 class="wp-block-heading" id="ethereum-staking-hits-record-levels">Ethereum Staking Hits Record Levels</h2>
<p>Ethereum price is showing strength as well. <a href="https://x.com/ali_charts/status/1897379085912821761?s=46" target="_blank" rel="noopener noreferrer nofollow">Ali Charts</a> reports that ETH deposits into staking contracts have hit an all-time high of 1.94 million. This suggests growing confidence in Ethereum’s future. Higher staking rates typically reduce circulating supply, which can create upward price pressure if demand remains constant or increases.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2025/03/image-153-1024x576.png" alt="" class="wp-image-645193" srcset="https://captainaltcoin.com/wp-content/uploads/2025/03/image-153-1024x576.png 1024w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-153-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-153-767x431.png 767w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-153-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-153-2048x1151.png 2048w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-153-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-153-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-153-623x350.png 623w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-153-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2025/03/image-153.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>All these factors together – more people joining the Bitcoin network, high-profile investments, and increased Ethereum staking – seem to be driving the current recovery in crypto prices. Investors are watching closely to see if this positive trend continues.</p>
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<p>The post <a href="https://captainaltcoin.com/why-are-bitcoin-btc-and-the-crypto-market-up-today/" rel="noopener noreferrer nofollow">Why Are Bitcoin (BTC) and the Crypto Market Up Today?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Are Bitcoin (BTC) and the Crypto Market Up Today?

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