Crypto costs right this moment (March 4): Bitcoin (BTC) value as soon as once more crashed to the $83K degree on Tuesday, reversing latest beneficial properties post-Donald Trump’s crypto reserve announcement. Ethereum (ETH), XRP, and Solana (SOL) costs additionally crashed 14%-20% intraday. Notably, this waning motion comes amid broader traits, such because the crypto market witnessing a massacre amid large liquidations and broader traits.
Crypto Prices Today: Here’s Why BTC, ETH, XRP, & SOL Slumped
Notably, CoinGape reported that the present crypto market crash is attributable to BTC going through the warmth amid CME gaps and cash going through liquidity setbacks. The cryptocurrency sector misplaced practically 10% worth, as indicated by a worldwide market cap of $2.76 trillion.
Coinglass data indicated that liquidations up to now 24 hours totaled barely over $1 billion. In flip, BTC, ETH, XRP, and SOL costs face immense warmth regardless of Donald Tyump’s optimistic crypto reserve announcement.
BTC Price Reverses Gains
BTC price as soon as once more backtracked to $83,738 on Tuesday, falling practically 10%. The flagship coin hit an intraday high and low of $82,467.24 and $93,664.05, respectively. Bitcoin’s value has dipped amid $396.16 million value of liquidations up to now 24 hours. Nevertheless, the coin’s market dominance remained up by 0.68% to 60.40%, signaling altcoins bore the brunt of broader traits.
ETH Price Crashed 15%
ETH price tanked practically 15% up to now 24 hours, closing in at $2,076. The coin’s intraday backside and peak have been $2,004.21 and $2,453.65, respectively. Ethereum’s waning motion falls consistent with $209.58 million liquidated up to now 24 hours. The second-largest crypto by market cap additional noticed its dominance slipping to 9.1% amid broader sector volatility.
XRP Price Plunges 18%
XRP value crashed 18% up to now 24 hours, exchanging fingers at $2.29. The coin hit a backside and peak of $2.23 and $2.82 over the previous day. The Ripple-backed asset’s slumping motion aligns with $62.88 million liquidated up to now 24 hours.
SOL Price Drops 20%
Solana value crashed even tougher, dropping 20% worth and buying and selling at $136. Its intraday backside and peak ranges have been $134 and $170, respectively. Solana recorded liquidations value $70.55 million, aligning with the unstable intraday motion.
Meme Crypto Prices Mirror Downtrend
Simultaneously, Dogecoin (DOGE) value cracked over 15% and exchanged fingers at $0.1917. Shiba Inu (SHIB) value plummeted 13% in a day, reaching $0.00001260. Also, Pepe Coin (PEPE) value crashed 18% and is sitting at $0.000006907.
Overall, the meme coin market is primarily following the broader market pattern, with DOGE recording over $20 million in liquidations right this moment.
Top Gainer Crypto Prices Today
Pi (PI)
Price:
24-Hour Gains:
PAX Gold (PAXG)
Price:
24-Hour Gains:
Tether Gold (XAUt)
Price:
24-Hour Gains:
Top Loser Crypto Prices Today
Cardano (ADA)
Price: $0.7998
24-Hour Loss: -25%
Sonic (S)
Price: $0.5419
24-Hour Loss: 25%
Official Trump (TRUMP)
Price: $12.31
24-Hour Loss: -23%
Overall, the present market sentiment stays unsure as crypto costs confronted extreme volatility regardless of a strategic crypto reserve announcement by Donald Trump.
Coingape Staff
CoinGape includes an skilled group of native content material writers and editors working around the clock to cowl information globally and current information as a truth quite than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The introduced content material could embrace the non-public 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 accountability to your private monetary loss.
