Crypto Market Today (Mar 8): BTC At $86K, Altcoins Show Volatility, & ENA Jumps 17%

The crypto market today continues to spark investor uncertainty, showcasing riveting movements. Bitcoin (BTC) price stagnates around $86K as the week comes to an end, whereas altcoins mimic a volatile trajectory. Even meme coins hovered into the red zone on Saturday. However, Ethena defied the broader market trend and pumped remarkably.

Crypto Market Today: BTC, ETH, SOL, & XRP Face Turbulence

The global crypto market lost nearly 1%, as indicated by a diminishing market cap of $2.82 trillion. Further, the global trading volume was also down by 9.5%, signaling investor insecurity.

BTC and altcoins tanked considerably over the day, igniting market concerns despite the recent U.S. Bitcoin reserve and crypto stockpile announcement. Moreover, despite President Donald Trump conducting a crypto summit recently, the market has yet to pump

BTC Wanes To $85K

BTC price witnessed a 2% decline in the past 24 hours and exchanged hands at $86,146. The flagship coin bottomed and peaked at $85,247 and $91,070 intraday. Bitcoin’s dipping action aligns with $298.7 million liquidated in the BTC market over the past day, per Coinglass data. Also, the flagship crypto’s market dominance fell by 0.08% to 60.27% today, indicating altcoins are relatively in relief.

ETH Price Slips Marginally

ETH price witnessed a slight dip of 0.5% in the past 24 hours and closed in at $2,1147. The coin hit a low and a peak of $2,107.73 and $2,254.23 intraday. Ethereum’s dip falls in line with $57.14 million liquidated in the past 24 hours. Also, ETH’s dominance remained at 9.1% today.

XRP Price Loses 5%

XRP price witnessed a 5% decline in value and exchanged hands at $2.36. Ripple’s coin bottomed and peaked at $2.33 and $2.56 in the past 24 hours. Notably, Coinglass data indicated that XRP recorded $18.96 million worth of liquidations over the day. Meanwhile, Ripple whales moved 180 million coins, sparking speculation among market participants.

SOL Price Slips 1%

As of press time, SOL price witnessed a 1% decline and exchanged hands at $140.24. The coin bottomed and peaked at $137.87 and $150.02 in the past 24 hours. Solana’s slight dip aligns with $18.02 million worth of liquidations over the past day.

Meme Crypto Market Enters The Red Zone

Dogecoin (DOGE) price cracked marginally intraday and exchanged hands at $0.1982.

Even Shiba Inu (SHIB) price followed, losing 1% and resting at $0.00001306. SHIB’s slumping action comes despite a remarkable surge in the intraday burn rate.

Besides, Pepe Coin (PEPE) price witnessed a 3% uptick to reach $0.000006931, defying the broader market trend.

Top Gainers In The Crypto Market Today

Ethena (ENA)

Price: $0.4388
24-Hour Gains: +17%

Litecoin (LTC)

Price: $106.15
24-Hour Gains: +5%

Decentraland (MANA)

Price: $0.2921
24-Hour Gains: +5%

Top Losers In The Crypto Market Today

Kaspa (KAS)

Price: $0.06757
24-Hour Loss: -8%

Quant (QNT)

Price: $76.82
24-Hour Loss: -7%

Jito (JTO)

Price: $2.48
24-Hour Loss: -7%

In conclusion, the crypto market has kept investors on their toes despite pro-cryptocurrency advancements in the U.S. A crypto summit, crypto stockpile, and strategic Bitcoin reserve have failed to uplift the market momentum.