NewsletterCrypto Prices Today (Feb 28): BTC Taps $78K Low, ETH Loses $2,100
Highlights
- BTC price hits a $78K low amid broader market volatility.
- ETH loses $2,100, whereas leading altcoins mimic a waning action.
- Meme coins also witness an alarming downtrend.
Crypto prices today (February 28) continue to face severe heat, as indicated by Bitcoin (BTC) price touching a $78K low in the past 24 hours. Ethereum (ETH) price briefly tanked below the $2,100 level during early Asian hours on Wednesday. Altcoins such as XRP and Solana (SOL) also backtracked nearly 10%. The broader sector continues to face pressure in light of global trade war speculations due to Donald Trump’s new tariffs and investors’ panic selling.
Crypto Prices Today: BTC, ETH, XRP, & SOL Continue To Fall
Notably, the crypto market lost nearly 7% in the past 24 hours, as indicated by a shredded market cap of $2.63 trillion. Further, the market volume was down by 2% over the past day, reaching $155.49 billion. This data indicated that market participants continue to exercise caution amid a volatile trend.
Simultaneously, cryptocurrency prices continue dealing with volatility amid over 177K traders liquidated for over $700 million intraday, per Coinglass.
Also, it’s worth keeping in mind that Donald Trump’s new import tariffs on EU, Canada, and Mexico are sparking trade war tensions, impacting global markets.
BTC Price Hits $78K Low Amid Crypto Market Volatility
As of press time, BTC price cracked by nearly 8% in the past 24 hours, exchanging hands at $79,417. However, the flagship coin hit an alarming bottom of $78,984 in the past 24 hours, per CoinMarketCap data. This waning action aligns with an eye-catching $365.91 million worth of liquidations in the Bitcoin market. Nevertheless, the coin’s dominance managed to stay up by 0.07%, signaling altcoins continue to face more pressure.
ETH Price Slips Below $2,100
ETH price tanked over 10% in the past 24 hours, closing in at $2,105. The coin hit an intraday bottom and peak of $2,084.78 and $2,378.09, respectively. Ethereum recorded liquidations worth $166.28 million in the past 24 hours, rationalizing the slumping action.
XRP Price At $2
XRP price traded at $2 at the time of reporting, crashing 10% intraday. Ripple’s native coin hit a low and high of $1.99 and $2.25 over the past day. Liquidations for the same came in at $17.94 million in the past 24 hours. The crypto’s price faces heat in tandem with broader market trends.
SOL Price Plunges 10%
SOL price slumped 10% in the past 24 hours, closing in at $127.42. The coin hit a low and peak of $125.74 and $142.18 in the past 24 hours. Solana registered $31.69 million worth of liquidations in the past 24 hours. Nevertheless, market expert Raoul Pal shared a bullish outlook for the cryptocurrency amid market stats hinting at an oversold condition.
Meme Crypto Prices In Downtrend
Dogecoin (DOGE) price plummeted 8% over the past day, exchanging hands at $0.1885. The meme coin soars despite massive DOGE whale buying, sparking market concerns.
Shiba Inu (SHIB) price fell 8% over the past day, reaching $0.00001332. The token drops despite an uptick in SHIB burn rate, as reported by CoinGape recently.
Pepe Coin (PEPE) and TRUMP coin prices fell 12%-16%, closing in at $0.000007419 and $11.24, respectively. The meme coin sector reflects a bearish trend 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 heat and liquidity hurdles, keeping investors uncertain about future movements.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- 8 Best Crypto Exchanges That Accept PayPal Deposits and Withdrawals
- Jerome Powell Speech Today: What To Expect as Fed Ends QT
- Tom Lee’s BitMine Acquires 96,798 ETH Ahead of Ethereum Fusaka Upgrade
- Schiff Predicts ‘Beginning of the End’ for MSTR as Strategy Eases Bitcoin Sell-Off Fears With $1.44B Reserve
- Bitget Launches MONAD Earn With 20% APR, 800K MON Airdrop Campaign
- Pi Network Price Prediction Ahead of December’s 190M Scheduled Unlock
- Dogecoin Price Below $0.15 as Crypto Market Crashes: Will $0.10 Hold?
- Will the Binance Coin Price Rebound as a Key RWA Metric Jumps 99%
- AVAX Price Prediction After Bitwise Files for a Staking ETF — A Rebound Coming?
- Will Chainlink Price Soar to $20 with U.S. Spot ETF Launch?
- Is Pepe Coin Price at Risk After Forming This Bearish Pattern?
