Crypto Market Today (Mar 8): BTC At $86K, Altcoins Show Volatility, & ENA Jumps 17%
Highlights
- BTC slips to $85K low facing market pressure despite pro-crypto advancements in the U.S.
- ETH, XRP, and SOL mainly mirror a volatile action.
- However, Ethena defied the broader market trend.
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.
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- Crypto Market Crash: $700M Liquidated in Bitcoin, ETH, XRP, SOL, DOGE, XPL
- GraniteShares 3x XRP ETF Can Trigger ‘Panic Buying XRP’ Says Expert
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
- Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
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