Crypto prices today (March 4): Bitcoin (BTC) price once again crashed to the $83K level on Tuesday, reversing recent gains post-Donald Trump’s crypto reserve announcement. Ethereum (ETH), XRP, and Solana (SOL) prices also crashed 14%-20% intraday. Notably, this waning action comes amid broader trends, such as the crypto market witnessing a bloodbath amid massive liquidations and broader trends.
Notably, CoinGape reported that the current crypto market crash is attributable to BTC facing the heat amid CME gaps and coins facing liquidity setbacks. The cryptocurrency sector lost nearly 10% value, as indicated by a global market cap of $2.76 trillion.
Coinglass data indicated that liquidations in the past 24 hours totaled slightly over $1 billion. In turn, BTC, ETH, XRP, and SOL prices face immense heat despite Donald Tyump’s optimistic crypto reserve announcement.
BTC price once again backtracked to $83,738 on Tuesday, falling nearly 10%. The flagship coin hit an intraday low and high of $82,467.24 and $93,664.05, respectively. Bitcoin’s price has dipped amid $396.16 million worth of liquidations in the past 24 hours. Nevertheless, the coin’s market dominance remained up by 0.68% to 60.40%, signaling altcoins bore the brunt of broader trends.
ETH price tanked nearly 15% in the past 24 hours, closing in at $2,076. The coin’s intraday bottom and peak were $2,004.21 and $2,453.65, respectively. Ethereum’s waning action falls in line with $209.58 million liquidated in the past 24 hours. The second-largest crypto by market cap further saw its dominance slipping to 9.1% amid broader sector volatility.
XRP price crashed 18% in the past 24 hours, exchanging hands at $2.29. The coin hit a bottom and peak of $2.23 and $2.82 over the past day. The Ripple-backed asset’s slumping action aligns with $62.88 million liquidated in the past 24 hours.
Solana price crashed even harder, losing 20% value and trading at $136. Its intraday bottom and peak levels were $134 and $170, respectively. Solana recorded liquidations worth $70.55 million, aligning with the volatile intraday action.
Simultaneously, Dogecoin (DOGE) price cracked over 15% and exchanged hands at $0.1917. Shiba Inu (SHIB) price plummeted 13% in a day, reaching $0.00001260. Also, Pepe Coin (PEPE) price crashed 18% and is sitting at $0.000006907.
Overall, the meme coin market is primarily following the broader market trend, with DOGE recording over $20 million in liquidations today.
Price: $1.81
24-Hour Gains: +10%
Price: $2,898.44
24-Hour Gains: +1%
Price: $2,889.86
24-Hour Gains: +1%
Price: $0.7998
24-Hour Loss: -25%
Price: $0.5419
24-Hour Loss: -25%
Price: $12.31
24-Hour Loss: -23%
Overall, the current market sentiment remains uncertain as crypto prices faced severe volatility despite a strategic crypto reserve announcement by Donald Trump. Also, the current volatility may also be primarily attributable to the new U.S. import tariffs on Canada and Mexico that are set commence starting March 4.
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