As of March 3, 2025, the cryptocurrency market continues to show signs of stabilization, but volatility remains high due to the expectation of key macroeconomic and regulatory events.
The total market capitalization increased to $2.98 trillion, up 2.1% from the previous day, reflecting cautious optimism among investors.
Current market situation
Bitcoin (BTC) is trading steadily at $86,100, up 1.1% on the day after recovering from a drop to $79,231 on February 28. This growth is supported by positive expectations for the cryptocurrency summit with President Donald Trump on March 7 and the CFTC's statements of support for tokenized assets during the forum on March 6.
However, analysts warn of a possible correction if the US inflation data on March 5 is higher than expected (3.1% is expected).
Ethereum (ETH) climbed to $2,650, adding 1.2%, while altcoins such as Solana (SOL) and XRP rose by 1.5-2%. Memecoins, including the Trump token, showed a more significant increase of 10%, reflecting speculative interest in political news.
The total blocked value (TVL) in the DeFi sector reached $60 billion, the highest since the beginning of the year, indicating a return of confidence in decentralized financial protocols, including Aave and Uniswap.
The Fear and Greed Index rose to 38 ("fear"), indicating a gradual decrease in panic, but the market is still in a zone of caution. The key drivers of volatility are the expectations of US inflation data on March 5, the CFTC forum on March 6, and the Senate vote on the stablecoin bill on March 10.
Today's data on the ISM manufacturing index (published at 10:00 PST) showed an increase to 52.5 (higher than the forecasted 51.5), which supported positive sentiment in the market.
What happened on March 3 in previous years?
March 3, 2013: Bitcoin traded at $33, showing slow growth after the early boom. It was a low-key day, but the market was in a consolidation phase before the significant growth of 2013.
March 3, 2014: After the collapse of Mt. Gox collapse (February 24, 2014), bitcoin remained in a state of panic, trading at $550-$560. March 3 was part of a long recovery as the community began to move to new platforms such as Bitstamp and Kraken and discussed decentralization.
March 3, 2017: Bitcoin was approaching $1,200, being in a bullish phase before the significant rally of 2017. The day had no big news, but the market was showing steady growth ahead of the 2016 halving.
March 3, 2020: The crypto market continued to come under pressure due to the COVID-19 pandemic. Bitcoin was trading at $8,500, but fell to $3,850 a week later (March 12) due to global panic. March 3 was a turning point when investors began to take massive losses.
March 3, 2023: Bitcoin traded at $23,100 during the recovery period after the 2022 crypto winter. The day was not marked by significant events, but the market gradually gained momentum after the FTX bankruptcy in November 2022.
On March 3, 2025, the crypto market shows signs of stabilization with bitcoin at $86,100 and a moderate increase in altcoins. Positive sentiment is supported by macroeconomic data on the ISM manufacturing index and expectations for the March 7 cryptocurrency summit with Trump, but the market remains vulnerable to US inflation data on March 5 and the March 10 stablecoin vote.
Historically, March 3 has not been a turning point, but often reflects transitional phases, from panic to gradual recovery. Investors should be cautious in the coming days, keeping an eye on regulatory developments and economic news.
