Why Is the Crypto Market Up Today? [Live Updates] March 5, 2026

Money may be shifting from South Korean stocks back into crypto markets. The KOSPI index had surged about 80% in four months while Bitcoin dropped 52%. That stock rally drove heavy leverage and record ETF trading. Now the trend is changing as foreign investors pull out. Around $13.7 billion in KOSPI stocks were sold in February, the biggest monthly outflow on record. The index has fallen about 20% in five days, while Bitcoin has risen 11%, hinting at a possible shift toward crypto.

Bitcoin appears to have found its lowest level for 2026 after dropping about 52% from its all-time high to around $60,000. Some analysts who expected prices to fall to $30,000–$40,000 may now miss the early stage of the recovery. The decline was smaller than past cycles, which saw drops of up to 80–90%. Market pressure, including a reported Binance trading glitch and heavy institutional activity, pushed prices lower earlier. With economic data improving, many investors now expect the broader bull market to begin.