Cryptocurrency Market Surges 6.85%: Bitcoin Breaks $91K, Cardano Jumps 50%

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The global cryptocurrency market experienced a powerful rally on March 3, 2025, with the total market cap climbing 6.85% to $3.02 trillion**. The surge was fueled by strategic crypto reserve announcements, triggering bullish momentum across major digital assets. Bitcoin (BTC) soared past the **$91,000 mark, while Ethereum (ETH) gained strong traction, rising 5.65%. The CMC 100 Index followed suit, jumping 8.65% from $171 to $185.80.

This wave of optimism didn’t stop at the top-tier coins — altcoins tied to the reserve narrative exploded in value, with Cardano (ADA) leading the charge with a staggering +52.47% gain.

Major Cryptocurrencies Ride the Bull Wave

Bitcoin and Ethereum continued their dominant performance, with BTC rising 6.52% and ETH adding 5.65% in a single day. Analysts attribute this surge to growing institutional interest and the confirmation of strategic cryptocurrency reserves being established by select financial entities.

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These developments have reinforced investor confidence, particularly in layer-1 blockchains with proven scalability and real-world use cases. The momentum has spilled over into mid-cap and niche ecosystems, creating a broad-based rally across the market.

Cardano Leads Altcoin Surge With 52% Jump

Cardano (ADA) stole the spotlight with a record-breaking 52.47% increase, pushing its price to $1.01 — the largest single-day gain in its history. This explosive growth reflects renewed faith in Cardano’s long-term roadmap and its expanding ecosystem of decentralized applications (dApps).

Notably, several Cardano-based tokens also saw massive gains:

These parallel movements highlight the strength of ecosystem-specific sentiment, where positive news around a parent blockchain can rapidly uplift affiliated projects.

Other standout performers included:

The strong performance of XRP further supports the narrative that reserve-related speculation is benefiting established, compliance-focused assets.

Why Is the Market Reacting So Strongly?

The catalyst behind this rally appears to be the confirmed integration of select cryptocurrencies into strategic financial reserves. While full details remain under analysis, early reports suggest that BTC, ETH, ADA, SOL, and XRP are among the assets included.

Such institutional validation reduces perceived risk and increases long-term holding incentives. It also signals that digital assets are increasingly viewed as legitimate components of diversified portfolios.

Market volume surged accordingly — total trading volume spiked 189.22%, reaching $199.28 billion in just 24 hours. This level of activity indicates strong participation from both retail and institutional traders.

Not All Coins Benefit: Top Losers of the Day

Despite the overall bullish trend, some major cryptocurrencies failed to keep pace:

The underperformance of these assets may stem from a lack of direct exposure to the reserve initiative or broader sector-specific challenges. For instance, MKR’s decline could reflect reduced demand for decentralized borrowing during periods of market euphoria, while newer layer-1 projects like Berachain and Celestia may be experiencing profit-taking after previous rallies.

Investors are advised to monitor on-chain metrics and development activity for signs of recovery in these ecosystems.

Key Market Metrics at a Glance

These figures underscore a maturing market structure, where price movements are increasingly driven by macro-level narratives rather than isolated hype cycles.

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Frequently Asked Questions (FAQ)

What caused the cryptocurrency market to surge on March 3?

The rally was triggered by confirmed reports of strategic cryptocurrency reserves incorporating major digital assets like Bitcoin, Ethereum, Cardano, and XRP. This institutional endorsement boosted investor confidence and triggered widespread buying.

Why did Cardano jump over 50% in one day?

Cardano’s inclusion in the reserve initiative reignited interest in its ecosystem. Combined with low prior volatility and strong community sentiment, this news led to a short-term demand explosion, driving ADA’s price to new highs.

Is Bitcoin’s breakout above $91K sustainable?

Historical trends suggest that breakouts supported by rising volume and institutional inflows tend to hold. With increasing adoption and limited supply, many analysts believe Bitcoin will continue its upward trajectory through 2025.

Why did Maker (MKR) drop despite the bull market?

MKR’s decline may reflect shifting DeFi dynamics. During bullish phases, users often reduce leverage and repay loans, decreasing demand for DAI and impacting Maker’s fee revenue and token utility.

How important is trading volume in confirming a rally?

Very important. A price increase accompanied by low volume can signal a weak move. Here, volume surged by nearly 190%, confirming strong market participation and validating the uptrend.

Should I invest in altcoins after such a big rally?

Altcoin rallies can offer high rewards but come with elevated risk. It's crucial to research fundamentals, assess ecosystem health, and avoid emotional trading. Consider dollar-cost averaging and portfolio diversification.

What’s Next for Crypto Markets?

With Bitcoin firmly above $90K and altcoins showing explosive momentum, the stage is set for further gains — especially if more institutions announce crypto reserve allocations.

Developments in regulation, spot ETF approvals, and on-chain innovation will also play critical roles in shaping market direction through mid-2025.

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As investor focus shifts from speculation to sustainable adoption, blockchains with strong developer activity, real-world use cases, and institutional backing are likely to outperform.

Whether you're tracking Bitcoin's dominance or exploring high-potential altcoins like ADA or IP, understanding the underlying drivers of price action is key to navigating this dynamic landscape.

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