March 5, 2026 | A summary of the most noteworthy crypto news from the past 24 hours!

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US and South Korean stocks rebounded, crypto hit new overnight highs — could this be the start of an investor spring?

1️⃣ Bitcoin surpasses $72,000, Ethereum above $2,100

Bitcoin broke out of its sideways trend, surpassing the $72,000 mark. Ethereum followed suit, trading above $2,100.

The $72,000–$73,000 range is currently a key level. If the price holds and consolidates above this range, the next target could be $75,000.

2️⃣ Demand for crypto withdrawals in Iran has surged.

Iranian domestic exchanges have reported a surge in crypto withdrawals of approximately 700%. This is XEM as a sign of Capital seeking to leave the traditional financial system through digital assets.

Meanwhile, gold fell in price and silver broke through technical support. Amidst geopolitical tensions, crypto is increasingly demonstrating Vai as a more liquid asset, rather than just a risky one.

3️⃣ Backpack launches IPO model on blockchain

Backpack Exchange announced an on-chain IPO model, enabling the Tokenize of shares issued for the first time on the Solana network.

If liquidation and the legal framework are expanded, this could be a positive driver for the Solana ecosystem.

4️⃣ Coinbase opens trading of US stocks

Coinbase officially launched trading of US stocks through integration with a brokerage firm, rather than issuing Tokenize shares.

This move helps Coinbase expand into traditional investors, increase ecosystem engagement, and diversify revenue streams.

5️⃣ Signals for a return of speculation

The Meme token CLAWD surged 33% in 24 hours, with its market Capital at one point reaching $7 million.

This suggests that risk appetite is gradually returning.

6️⃣ Discussion about the “altcoin low season”

According to Santiment, the number of discussions about the "altseason" on social media has dropped to very low levels. History shows that when expectations are heavily suppressed, the market often prepares for a rebound.

7️⃣ Signs of cooling down in the AI ​​field

Nvidia CEO Jensen Huang said the $30 billion investment in OpenAI may be the final amount, dismissing rumors of a $100 billion package.

This could signal a calming of the euphoric sentiment surrounding AI-related asset classes in the short term.

8️⃣ Market Scenarios

Analysis suggests that if Bitcoin decisively breaks above $72,000, the price could quickly rise to the $80,000 region as there is less liquidation above that level to hinder the rise.

The market is at a critical juncture — whether or not it holds this key level will determine the next upward move.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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