BTC
$92,729.12
+
7.70%
ETH
$2,358.61
+
5.34%
XRP
$2.6564
+
16.94%
USDT
$0.9999
–
0.05%
BNB
$603.64
–
0.78%
SOL
$161.27
+
12.51%
USDC
$1.0002
–
0.05%
ADA
$0.9722
+
46.82%
DOGE
$0.2200
+
5.94%
TRX
$0.2430
+
4.21%
WBTC
$92,481.30
+
7.57%
HBAR
$0.2509
+
0.21%
LINK
$16.32
+
10.43%
XLM
$0.3317
+
3.93%
AVAX
$23.50
+
6.41%
SUI
$2.9472
+
2.50%
LEO
$9.9607
+
2.07%
LTC
$117.13
–
4.39%
TON
$3.3507
+
0.27%
SHIB
$0.0₄1415
+
2.80%
By James Van Straten, CoinDesk Bot|Edited by Parikshit Mishra
Mar 3, 2025, 11:34 a.m. UTC
What to know:
- Crypto-equities rebound as bitcoin holds above $92K, with Strategy up 12%, Coinbase and MARA Holdings up 10%, and IREN up 11%.
- Bitcoin remains above the Short-Term Holder Realized Price (STH RP) at $92,107, a historically bullish signal, though temporary dips before further upside are common.
Crypto-equities have rebounded following Donald Trump’s crypto strategic reserve announcement. With just hours until the U.S. market opens, bitcoin (BTC) remains above $92,000, recovering from its recent drop to $78,000.
As a result, crypto-related stocks have jumped after significant declines—Strategy (MSTR) rebounded 12% after dropping as much as 50% from its November high. Coinbase (COIN) and MARA (MARA) gained 10%, and IREN (IREN) rose 11%.
STORY CONTINUES BELOW
Glassnode data shows that bitcoin also went above the Short-Term Holder Realized Price (STH RP) which is priced at $92,107, a key metric tracking the average on-chain cost for investors over the past 155 days. Historically, holding above this level signals a bullish continuation, though temporary dips occur, like in October 2023 and 2024, before further upside.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
“CoinDesk Bot” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy here.
