The global digital asset market is back on the move, printing green indexes all around. Bitcoin (BTC) pumped 5% over the last day, hitting the $92,000 mark, while Ethereum (ETH) followed it closely and regained the $2,200 level. There is more to this rally than just market momentum, as the cumulative crypto market cap gained by over 3%, while trading volume remained quite low. This recovery comes in reaction to China’s National People’s Congress rollout of fresh economic stimulus measures to counter US trade tensions. It has surely given the global markets a confidence boost. Stocks jumped, and so did crypto. 50K new Bitcoin wallets enter the market Bitcoin rebounded back to trade above $90,000, riding a rollercoaster ride in March. As per the data shared by Santiment, there are now 50,000 more wallets on the network than there were a month ago. This suggests that more traders have filled their bags in the recent pump and dump run. By size, there are 37,390 more wallets on the network that now hold less than 0.1 Bitcoin. However, there are now 12,754 more wallets that hold 0.1 to 100 BTC and at least 6 wallets that own 100 BTC. It added that there have been very mild signs of big whales booking profits over the last couple of weeks. This is why this wallet growth would have looked extremely bullish. It suggests that when wallets holding over 100 Bitcoins begin to grow in number, then it is a sign that a crypto wide breakout is on the way. BTC price surged by 5% in the last 7 days, meanwhile, it still remains down by 8% over the last 30 days. Bitcoin is trading at an average price of $90,784 as of press time. Its 24-hour trading volume is down by 10% to stand at $51.59 billion. Ether dips, Trump’s fund dips in As per the Santiment, the buzz around Ethereum has declined to year-low levels. This happened as the asset underperformed relative to other top caps. A bearishness is being projected across social media for those who are patiently waiting and holding their ETH. However, it proposes that this can be a good sign for a potential turnaround once crypto markets stabilize. Ether has struggled a lot with the increased selling pressure in the market. Ethereum price is down by 15% over the last 30 days, while it’s on a 36% decline in the past 60 days. ETH is trading at an average price of $2,287 as of press time. Its 24-hour trading volume is down by 27% to stand at $21.04 billion. 🐻 Ethereum sentiment has declined to year-low levels as the asset has underperformed relative to other top caps. For those patiently holding their $ETH , the bearishness being projected across social media is a good sign of a potential turnaround once crypto markets stabilize. pic.twitter.com/iRaKTvb0Tu — Santiment (@santimentfeed) March 6, 2025 But the real shocker is here. The Trump linked DeFi project is back in action again. World Liberty Financial resumed buying Bitcoin and Ethereum after a brief pause. On-chain data shows that the fund moved $25 million USDC into a new multi-signature wallet just hours ago and started stacking crypto. They have bought 110.6 Wrapped Bitcoin (WBTC) for $10 million at $90,420 per BTC. It also added 4,468 Ether for $10 million at $2,238 per ETH and even threw in 3.42 million MOVE tokens for $1.5 million at $0.439 per token. This all comes after a market correction that saw BTC dip below $80K last week. Trump’s fund had been sitting on the sidelines, but now, with Bitcoin breaking key resistance and China adding fuel to the fire, they’re jumping back in. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
