Today, the broader digital asset market continued to solidify its recovery from the past week’s slump. Over the past 24 hours, its market capitalization surged by 2.63% to $3.01 trillion. Its total transaction volume dropped by 17.91% to $119.05 billion. The fear and greed index rose to 25 from yesterday’s 20, highlighting a slight improvement in investor sentiment – a change from extreme fear to moderate fear in the market.
Daily Summary on March 6, 2025$MOVE $ENA $CRO $ONDO $HNT $BTC $ETH $ADA $SOL $XRP#dailysummary #DeFi #Crypto pic.twitter.com/ZiJCRZ04qx
— PHOENIX – Crypto News & Analytics (@pnxgrp) March 6, 2025
White House Crypto Summit
The market saw impressive recovery early this week following US President Trump’s announcement of a US crypto strategic stockpile. Since that time, most crypto assets recovered and stabilized their prices. The market sentiment further eased after Trump temporally halted the 25% tariffs on goods imported from Canada and Mexico.
Part of this rebound is also due other favourable events launched by Trump. Early this week, Trump announced White House crypto summit – a high profile meeting that has triggered excitement among market participants. Multiple crypto leaders are expected to attend the the summit slated tomorrow, March 7, 2025.
Bitcoin and major altcoins
As a result, today most crypto assets recorded upside movements. $BTC is currently trading at $91,285, after seeing an increase of 1.66% over the past 24 hours. $ETH continues to consolidate its value at around $2,298, after experiencing an uptick of 2.50%.
Likewise, other major altcoins like $XRP, Solana, and Dogecoin also registered greens of 4.59%, 2.22%, and 3.0% respectively.
Top gainers today
Today, altcoins like $MOVE, $ENA, $CRO, $ONDO, and $HNT emerged as top performers, delivering remarkable returns to traders.
Over the last 24 hours, Movement ($MOVE) saw a price jump of 19.34%, making it the best performer in today’s crypto market. Its price has gained huge strength supported by increased demand for the token and community interest.
Ethena ($ENA) followed as the second best performer with price growth of 19.27% over the stated period. $ENA is seeing an increase in whale activity with millions of token withdrawals, suggesting rising institutional interest. Whales’ actions shows that big crypto holders are actively accumulating $ENA tokens to take advantage of future growth potential.
Cronos ($CRO) took the third position with a price surge of 18.52%. The token’s unparalleled blockchain features and its recent integration on the Crypto.com exchange are responsible for the price growth. Users use $CRO within Crypto.com as a staking instrument, gas fee, investment tool, and other trading activities.
Next is Ondo Finance (Ondo), which settled on position four with a price jump of 17.25%. The price increase shows strong positive investor sentiment on Ondo, indicating increased demand and rising user confidence in the token. Its current TVL standing above $1 billion shows that the platform is gaining popularity among retail investors and institutions.
Lastly, Helium ($HNT) gained the limelight with its price upside of 15.16% suggesting that the token is becoming one of the top contenders in the crypto market.