Bitcoin rose 7.77% in 24 hours to $72,774 while Ethereum jumped 9.19% as the total crypto market cap recovered to $2.46 trillion.
Iran has allegedly contacted the CIA to open peace talks with the US, helping ease investor worries. At the same time, South Korea’s KOSPI surged 11%, potentially shifting some retail capital away from crypto.
Kraken became the first crypto firm with direct access to the US Federal Reserve payment system. Trump backed stablecoin yields, boosting optimism for future crypto-based financial products.
Crypto prices today are painting a very different picture compared to just 24 hours ago. After a brutal few days triggered by fears of a wider Middle East conflict and oil price rise, the market is back in the green zone. It is a far cry from the defensive trading seen on March 3, where Bitcoin fought to stay above $68,177. Back then, investors were treating the world’s largest cryptocurrency as a crisis hedge, rotating capital into it even as traditional stocks and bonds suffered.
Today, that fear has transformed into a huge relief rally, with the total crypto market cap surging to $2.46 trillion at press time. Bitcoin price has crossed $72,000 again. Top altcoins have followed suit, soaring above 4% each. The indication of peace talks between the US and Iran, hopes of easing oil prices, and Trump’s support for the quick passage of the Crypto Bill, have all boosted market sentiment.
Here’s the latest crypto news and price movements, based on CoinMarketCap data.
Bitcoin price is up 7.77% in the last 24 hours at $72,774. Its market cap is $1.45 trillion with over $74 billion in trading volume. The recovery has been sharp and swift. As geopolitical tension cooled, investors moved back into risk assets, and Bitcoin is one of the first to benefit.
CoinSwitch Markets Desk noted, “BTC has been trading in a tight range between $63,000 and $69,000 over the past week, holding steady even as geopolitical tensions rise. Derivatives data suggest investors are still leaning cautiously bullish, with the put/call ratio at 0.43 and strong call positioning between $74,000 and $95,000 extending toward $130,000. This indicates traders are preparing for potential upside if momentum returns.”
The analysts further added, “In the near term, the $74,000-$80,000 zone could act as a key target if prices start moving higher. Meanwhile, more than 21,000 BTC have left exchanges since February 25, a sign that investors are moving coins to long-term storage and gradually accumulating.”
Here is a table showing the crypto price movement of the world’s top ten coins.
| Name | Price | 24h % | Volume(24h) |
|---|---|---|---|
| Bitcoin | $72,774.26 | 7.77% | $74,039,488,961 |
| Ethereum | $2,132.19 | 9.19% | $33,167,741,221 |
| Tether | $1 | 0.01% | $130,351,601,916 |
| BNB | $655.54 | 4.33% | $2,205,257,314 |
| XRP | $1.42 | 5.79% | $4,395,210,490 |
| USDC | $0.9998 | 0.02% | $18,287,373,867 |
| Solana | $90.28 | 6.16% | $6,701,229,322 |
| TRON | $0.2850 | 1.77% | $728,475,537 |
| Dogecoin | $0.09682 | 8.67% | $2,669,140,664 |
| Cardano | $0.2746 | 5.64% | $970,892,424 |
Biggest Gainers (Over 5%): Ethereum, Dogecoin, Bitcoin, Solana, XRP, Cardano
Nischal Shetty, Founder of WazirX, stated, “Among key sectors, privacy coins and memecoins saw notable gains over the past 24 hours. Zcash (ZEC) from the privacy coins category rose 10.79%, while in memecoins, Dogecoin (DOGE) increased 8.8% and Bonk (BONK) gained 5.2%. On the technology front, the Ethereum Foundation is exploring how Ethereum could act as a trust layer for AI systems, highlighting the growing role of blockchain in supporting future digital and AI-driven ecosystems.
At the same time, Tether’s $50 million investment in sleep technology startup Eight Sleep shows that capital generated within the crypto ecosystem is beginning to flow into broader technology sectors, reflecting the industry's expanding influence.”
The main driver behind today's crypto rally is easing tension in the Middle East. Reports emerged that Iran sent a message through CIA intermediaries asking for talks with the US to end the ongoing conflict. This immediately lifted sentiment in global markets, stocks, currencies, and crypto all moved higher. Oil prices also steadied, with Brent crude holding at $81.40 and WTI at $74.66. Hence, taking pressure off markets that had been rattled by fears of a Strait of Hormuz blockade.
Here are the top headlines impacting crypto prices today.
South Korea's KOSPI surged over 11% on March 5 after its worst-ever single-day loss, according to a BeInCrypto report. Korean retail investors, who are among the most active in crypto globally, poured over 1.3 trillion won back into stocks in a single morning. This could pull capital away from crypto again. Bitcoin gained roughly 5% on the Korean exchange Upbit in won terms, compared to 6.4% in dollar terms. The won's recovery absorbed part of the crypto gain.
US President Trump openly sided with crypto firms in their fight against banks over whether stablecoins can offer yield. He posted that banks are ‘threatening’ the Genius Act and urged them to ‘make a deal.’ Coinbase shares jumped as much as 15% on the news. If stablecoins are allowed to pay yield, it could bring trillions in deposits into crypto-backed products, significantly growing the sector.
US and UK regulators hit a disagreement over how to test tokenised securities, blockchain versions of stocks and bonds. The UK prefers using a regulatory sandbox, while the US SEC favours a liberal approach. While this does not affect crypto prices today, a lack of alignment could slow down cross-border institutional crypto adoption in the long run.
Kraken's banking unit became the first crypto firm to receive a Fed master account, giving it direct access to Fedwire. It is the interbank payment system that handles over $4 trillion in daily transfers. This could make moving money in and out of crypto faster and cheaper for big traders. It would boost trust and liquidity in the space long-term.
Ripple added AI tools to the XRP Ledger's development process. The news came after a bug in batch transaction handling raised concerns about potential network disruption. The new tools will help find and fix security gaps before updates go live. Stronger security could increase confidence in XRP and support its price over time.
Also Read: Shiba Inu News Today: SHIB Price Slides Toward Historic Bottom as Bulls Defend Support
Crypto prices today are being lifted by a mix of peace hopes and positive regulatory news. Avinash Shekhar, Co-founder and CEO, Pi42, explained, “The recent volatility did not translate into aggressive liquidation cascades, which suggests that positioning is more balanced compared to prior geopolitical uncertainties. Instead of panic-driven selling, the market appears to be absorbing shocks with measured price adjustments. What stands out is that sentiment remains cautious, yet prices are stabilising, indicating underlying demand is active beneath the surface.”
If Iran-US talks progress, risk appetite could stay strong and push Bitcoin higher. Analysts are watching Bitcoin's ability to hold above $72,000 and XRP's resistance at $1.50 as key levels. Volatility is expected in the short-term. Geopolitical developments remain the biggest wildcard for where prices go next.
Also Read: How is the Iran Conflict Impacting Bitcoin’s Price in 2026?
1. Why is the crypto market up today?
The crypto market is rising mainly because global risk sentiment improved. Reports that Iran reached out to the United States through intelligence channels for possible peace talks helped reduce fears of a wider Middle East conflict. Institutional developments also supported the rally. Kraken received direct access to the Federal Reserve payment system, while US political support for stablecoin yields improved investor confidence. Together, these developments helped push the total crypto market capitalization back to around $2.46 trillion.
2. What is the Bitcoin price today?
Bitcoin is trading at $72,774, after gaining 7.77% in the past 24 hours. The cryptocurrency now holds a market capitalization of about $1.45 trillion and recorded over $74 billion in trading volume during the same period. The recovery comes after Bitcoin dropped earlier in the week due to fears of escalating geopolitical tensions. As global markets stabilized and investor sentiment improved, traders returned to Bitcoin, pushing the price back above the important $72,000 psychological level.
3. When will the US Crypto Bill pass?
The timeline for the US Crypto Bill which aims to define regulatory responsibilities for digital assets in the United States, is still uncertain. Lawmakers continue to debate how authority should be shared between regulators such as the SEC and the CFTC. If political support remains strong, analysts believe the legislation could move forward in late 2026 or early 2027. However, the final timeline will depend on congressional negotiations and how regulators align on rules for crypto exchanges, tokens, and blockchain projects.
4. What is the latest crypto news?
Several major developments are influencing the crypto market right now. Kraken’s banking unit became the first crypto firm to gain a Federal Reserve master account, giving it direct access to the Fedwire payment network used by banks for large transfers. At the same time, political support for crypto is growing. US President Donald Trump publicly supported stablecoin yield products, which could allow crypto platforms to offer interest on digital dollars. Additionally, Ripple introduced new AI-powered security tools for the XRP Ledger to improve network reliability.
5. What impact could a US-Iran conflict have on crypto?
A major conflict between the United States and Iran could create volatility across global financial markets, including cryptocurrencies. In the short term, rising geopolitical risk usually causes investors to sell risk assets such as stocks and crypto while moving into safe-haven assets like gold or government bonds. However, prolonged geopolitical uncertainty can also increase interest in decentralized assets. Some investors view Bitcoin as a hedge against currency instability, capital controls, or geopolitical disruptions, which could eventually support demand for crypto in the long term.
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