On March 5, 2025, Bitcoin (BTC) surged past the $90,000 mark, marking a significant rebound in a month characterized by volatile price movements. This upswing was reported by Santiment, a leading on-chain analytics platform, with the exact price reaching $90,120 at 14:30 UTC (Santiment, 2025). Concurrently, the Bitcoin network experienced a notable increase in wallet activity, adding 50,000 new wallets since February 5, 2025. The growth in wallet numbers is indicative of heightened interest and participation in the Bitcoin ecosystem. Specifically, there were 37,390 more wallets holding less than 0.1 BTC and 12,754 more wallets holding between 0.1 to 100 BTC as of March 5, 2025 (Santiment, 2025). This expansion in wallet counts across different holding sizes reflects a broadening investor base, which may contribute to increased liquidity and price stability in the long term.

The trading implications of Bitcoin's rebound above $90,000 are multifaceted. As of 14:30 UTC on March 5, 2025, the 24-hour trading volume for BTC/USD on major exchanges like Binance and Coinbase totaled $42 billion, up from $35 billion the previous day, indicating heightened market activity (CoinMarketCap, 2025). This increase in volume suggests that the recent price movement has attracted significant trading interest. Additionally, the BTC/ETH trading pair on Uniswap showed a volume increase from 10,000 ETH to 15,000 ETH over the same period, highlighting a similar trend in decentralized exchange platforms (Uniswap, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 72 on March 5, 2025, indicating that the asset might be approaching overbought territory, potentially signaling a correction in the near future (TradingView, 2025). Traders should monitor these indicators closely to adjust their strategies accordingly.

From a technical perspective, Bitcoin's price movement on March 5, 2025, can be analyzed using various indicators. The 50-day moving average for Bitcoin was $87,500, and the price surpassed this average, signaling a bullish trend (TradingView, 2025). The Bollinger Bands for BTC/USD showed the price moving above the upper band at $89,000, further confirming the strength of the current rally (TradingView, 2025). Additionally, the MACD (Moving Average Convergence Divergence) for Bitcoin indicated a bullish crossover on March 4, 2025, which was followed by the price surge above $90,000 (TradingView, 2025). On-chain metrics also reveal that the number of active addresses on the Bitcoin network increased by 15% over the last week, reaching 1.2 million on March 5, 2025, suggesting robust network activity (Glassnode, 2025). These technical and on-chain indicators collectively point to a strong bullish sentiment in the market, but traders should remain vigilant for potential pullbacks.

In terms of AI-related news, there have been no direct AI developments reported on March 5, 2025, that could influence Bitcoin's price movement. However, the correlation between AI and cryptocurrency markets remains a critical area of interest. For instance, the AI-driven trading platform, TradeAI, reported a 20% increase in trading volume for AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET) on March 4, 2025, suggesting heightened interest in AI cryptocurrencies (TradeAI, 2025). This increase in AI token trading volume coincided with Bitcoin's price surge, potentially indicating a broader market sentiment shift influenced by AI developments. Traders might consider exploring trading opportunities in AI-related tokens, especially if they observe similar volume spikes in the future. Monitoring AI-driven trading platforms can provide valuable insights into market trends and potential trading strategies.