#深度创作营 Bitcoin and many major cryptocurrencies showed strong gains on March 4th. During this recovery, Dogecoin became the most valuable asset gained, attracting investor interest.
Weekly losses and short-term movements were the main headlines in the market.
Bitcoin reached $72,950 late on the night of March 4th, recording a daily increase of 7.09%. While an overall upward trend was observed in the cryptocurrency market, most of the top ten assets gained value. In 24-hour performance, Dogecoin stood out as the leading cryptocurrency with the highest increase.
Bitcoin was trading around $72,950 at the moment and gained 5.48% over the week. Ethereum rose to $2,152, up 9.10% in the last 24 hours, and Solana increased by 9.61% to $92.91. The fact that these three assets, which hold significant shares of the total market size, exhibited such strong movement on the same day is an uncommon development.
Dogecoin also delivered a notable performance among the top ten. DOGE increased by 14.89% to $0.1023. According to analysts, the fact that Dogecoin, a memecoin, significantly outperformed the overall market indicates that especially individual investors reacted quickly to the positive sentiment.
Looking at the weekly perspective, the picture becomes more complex. Cardano declined by 8.62% over the past seven days, and Bitcoin Cash by 8.95%. XRP gained 7.73% daily but experienced a 0.54% loss over the week. These results show that the sharp decline on February 27th has not yet been fully recovered for some assets.
BNB increased by 4.69% in the last 24 hours to $660.99. However, this rate was one of the lowest increases among major assets outside the stablecoins in the top ten list. Tron also rose by 2.35%, but lagged behind the overall market movement. This indicates that the rise has not been evenly distributed across all assets, with capital flowing into higher volatility assets.
All eleven of the top assets experienced slight declines in the last hour. Bitcoin fell by 1.03%, Ethereum by 1.26%, and Solana by 0.49%. This simultaneous and limited decline is attributed to some investors reducing their positions after the rapid increase during the day.
Factors influencing this market rise include Donald Trump’s open support for crypto regulation, Morgan Stanley’s ETF application, and discussions with White House officials. The extent to which these developments will produce lasting legal results remains the main factor that will shape the market in the coming days.
