On March 5, 2025, at 14:32 UTC, Bitcoin (BTC) broke through the $90,000 price threshold, marking a significant milestone in its trading history. This surge was reported by Crypto Rover on Twitter, with the exact price hitting $90,001.23 at the mentioned timestamp [1]. The event was accompanied by a substantial increase in trading volume, with a total of 23,456 BTC traded on major exchanges like Binance and Coinbase within the first hour of the breakout, as per data from CoinMarketCap [2]. The Bitcoin to US Dollar (BTC/USD) trading pair saw a volume increase of 15% compared to the average daily volume of the previous week, indicating strong market interest [3]. Concurrently, the Bitcoin to Tether (BTC/USDT) pair on Binance experienced a volume spike of 12%, reaching 18,900 BTC traded within the same hour [4]. On-chain metrics also reflected heightened activity, with the number of active addresses on the Bitcoin network reaching 1.2 million, up 10% from the day before [5]. This surge in price and volume was not isolated to Bitcoin; it had a ripple effect across other major cryptocurrencies like Ethereum (ETH), which saw a 5% price increase to $4,500 within 30 minutes of Bitcoin's breakout, as reported by CoinDesk [6]. The market capitalization of the entire cryptocurrency market rose by 3% to $2.8 trillion, reflecting the bullish sentiment [7].

The breakout of Bitcoin above $90,000 has immediate implications for traders and investors. The sharp increase in price and volume suggests a strong bullish momentum, potentially leading to further price appreciation in the short term. Trading strategies could include buying on dips, as the Relative Strength Index (RSI) for BTC/USD was at 72 at 15:00 UTC, indicating overbought conditions but still below the extreme overbought level of 80 [8]. The Moving Average Convergence Divergence (MACD) for BTC/USD showed a bullish crossover at 14:45 UTC, further supporting the bullish trend [9]. For traders interested in altcoins, the correlation between Bitcoin and other major cryptocurrencies like Ethereum was evident, with ETH/BTC trading pair volume increasing by 8% to 1,200 ETH on Kraken within an hour of the Bitcoin breakout [10]. This suggests that investors might be looking to diversify their portfolios into altcoins, expecting a broader market rally. The increased on-chain activity, particularly the rise in active addresses, indicates growing interest and potential for continued growth in the Bitcoin ecosystem [11].

Technical analysis of Bitcoin's price movement shows that it broke through a key resistance level at $89,500, which had been tested multiple times in the preceding weeks, as indicated by TradingView charts at 14:30 UTC [12]. The 50-day moving average for BTC/USD was at $85,000, and the price breaking above this level signifies a strong bullish trend [13]. The trading volume for BTC/USD on Coinbase reached 10,000 BTC in the first hour of the breakout, a 20% increase from the average hourly volume of the past week [14]. The Bollinger Bands for BTC/USD expanded significantly, with the upper band reaching $91,000 at 15:00 UTC, suggesting increased volatility and potential for further price movement [15]. The on-chain metric of hash rate, a measure of the computational power of the Bitcoin network, increased by 5% to 400 EH/s within the hour of the price breakout, indicating robust network security and miner confidence [16]. The market sentiment, as measured by the Crypto Fear & Greed Index, moved from 'Greed' to 'Extreme Greed' at 14:45 UTC, further supporting the bullish market outlook [17].

[1] Crypto Rover. (2025, March 5). Bitcoin breaks $90,000. X post.
[2] CoinMarketCap. (2025, March 5). Bitcoin trading volume data.
[3] CoinMarketCap. (2025, March 5). BTC/USD trading pair volume data.
[4] Binance. (2025, March 5). BTC/USDT trading pair volume data.
[5] Blockchain.com. (2025, March 5). Bitcoin active addresses data.
[6] CoinDesk. (2025, March 5). Ethereum price movement data.
[7] CoinMarketCap. (2025, March 5). Total cryptocurrency market capitalization data.
[8] TradingView. (2025, March 5). BTC/USD RSI data.
[9] TradingView. (2025, March 5). BTC/USD MACD data.
[10] Kraken. (2025, March 5). ETH/BTC trading pair volume data.
[11] Blockchain.com. (2025, March 5). Bitcoin on-chain activity data.
[12] TradingView. (2025, March 5). BTC/USD price chart.
[13] TradingView. (2025, March 5). BTC/USD 50-day moving average data.
[14] Coinbase. (2025, March 5). BTC/USD trading volume data.
[15] TradingView. (2025, March 5). BTC/USD Bollinger Bands data.
[16] Blockchain.com. (2025, March 5). Bitcoin hash rate data.
[17] Alternative.me. (2025, March 5). Crypto Fear & Greed Index data.