Crypto costs immediately (February 28) proceed to face extreme warmth, as indicated by Bitcoin (BTC) value briefly touching a $79K low previously 24 hours. Simultaneously, Ethereum (ETH) value tanked under the $2,200 stage throughout early Asian hours on Wednesday. Altcoins reminiscent of XRP and Solana (SOL) additionally backtracked practically 8%. The broader sector continues to face strain in gentle of worldwide commerce battle speculations on account of Donald Trump’s new tariffs and buyers’ panic promoting.
Crypto Prices Today: BTC, ETH, XRP, & SOL Continue To Fall
Notably, the crypto market misplaced practically 4% previously 24 hours, as indicated by a shredded market cap of $2.7 trillion. Further, the market quantity was down by 10.5% over the previous day, reaching $138.91 billion. This information indicated that market contributors proceed to train warning amid a risky development.
Simultaneously, cryptocurrency costs proceed coping with volatility amid over 177K merchants liquidated for over $700 million intraday, per Coinglass.
Also, it’s value holding in thoughts that Donald Trump’s new import tariffs on EU, Canada, and Mexico are sparking commerce battle tensions, impacting international markets.
BTC Price Hits $79K Low Amid Crypto Market Volatility
As of press time, BTC value cracked by over 5% previously 24 hours, exchanging fingers at $80,470. The flagship coin hit a backside of $79,523 previously 24 hours, per CoinMarketCap information. This waning motion aligns with an attention-grabbing $365.91 million value of liquidations within the Bitcoin market. Nevertheless, the coin’s dominance managed to remain up by 0.07%, signaling altcoins proceed to face extra strain.
ETH Price Slips Below $2,200
ETH value tanked over 7% previously 24 hours, closing in at $2,152. The coin hit an intraday backside and peak of $2,128.18 and $2,378.09, respectively. Ethereum recorded liquidations value $166.28 million previously 24 hours, rationalizing the slumping motion.
XRP Price Nears $2 Mark
XRP value traded at $2.02 on the time of reporting, crashing 8% intraday. Ripple’s native coin hit a high and low of $2.02 and $2.25 over the previous day. Liquidations for a similar got here in at $17.94 million previously 24 hours. The crypto’s value faces warmth in tandem with broader market tendencies.
SOL Price Plunges 8%
SOL value slumped 8% previously 24 hours, closing in at $127.42. The coin hit a low and peak of $127.57 and $142.18 previously 24 hours. Solana registered $31.69 million value of liquidations previously 24 hours. Nevertheless, market professional Raoul Pal shared a bullish outlook for the cryptocurrency amid market stats hinting at an oversold situation.
Meme Crypto Prices In Downtrend
Dogecoin (DOGE) value plummeted 8% over the previous day, exchanging fingers at $0.1885. The meme coin soars regardless of huge DOGE whale buying, sparking market issues.
Shiba Inu (SHIB) value fell 8% over the previous day, reaching $0.00001332. The token drops regardless of an uptick in SHIB burn rate, as reported by CoinGape lately.
Pepe Coin (PEPE) and TRUMP coin costs fell 12%-16%, closing in at $0.000007419 and $11.24, respectively. The meme coin sector displays a bearish development in sync with broader market developments.
Top Gainers Crypto Prices Today
Berachain (BERA)
Price: $7.71
24-Hour Gains: +4%
Litecoin (LTC)
Price: $124.81
24-Hour Gains: +2%
UNUS SED LEO (LEO)
Price: $9.20
24-Hour Gains: +1%
Top Losers Crypto Market Today
Story (IP)
Price: $5.86
24-Hour Loss: -2%
Virtuals Protocol (VIRTUAL)
Price: $1.01
24-Hour Loss: -12%
Raydium (RAY)
Price: $2.13
24-Hour Loss: -12%
The crypto sector continues to face immense volatility amid macro warmth and liquidity hurdles, holding buyers unsure about future actions.
Coingape Staff
CoinGape contains an skilled crew of native content material writers and editors working around the clock to cowl information globally and current information as a reality fairly than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The offered content material might embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty to your private monetary loss.
