Altcoin
BTC & ETH Plummet Amid Trump’s New Tariff Saga
Crypto prices today (February 27): Bitcoin (BTC) price swooped to a $82K low intraday, primarily continuing to face macro heat. Simultaneously, Ethereum (ETH), Solana (SOL), and XRP prices also mimicked a downtrend, losing 3%-7%. Primarily, major-league cryptocurrencies reflect a bearish movement as U.S. President Donald Trump rattled global markets with new tariffs for the EU (European Union).
Crypto Prices Today: Here’s Why BTC & Major-League Altcoins Dipped
According to a recent CoinGape report, Donald Trump is set on imposing a 25% import tariff on the EU, further fueling global trade war fires. Following the new import tariffs on Canada and Mexico (set to commence next week), this macro development has further urged a cautious investor sentiment across global markets.
In turn, the cryptocurrency sector today witnessed BTC, ETH, XRP, and SOL lose alarming values. Even the crypto market lost 5% since yesterday, as indicated by the market cap reaching $2.79 trillion. Further, even the total market volume dipped by 19% to $153.54 billion. Liquidations in the past 24 hours totaled over $700 million, per Coinglass data, rationalizing the broader market waning action.
BTC Price Touches $82K Low
As of press time, BTC price pulled back nearly 4% and closed in at $85,230. Besides, the flagship coin bottomed at the $82K level in the past 24 hours. Notably, Bitcoin’s falling action mirrors $460.86 million liquidations recorded over the past day, per Coinglass data. Nevertheless, BTC’s market dominance was up 0.34% to 60.38%, signaling altcoins faced more volatility.
ETH Price Loses 7%
ETH price witnessed a downfall of nearly 7% in the past 24 hours, exchanging hands at $2,319. The second-largest crypto by market cap hit a low and peak of $2,255.05 and $2,503.42 in the past 24 hours. Notably, this waning action aligns with Ethereum recording over $126 million worth of liquidations over the past day. Further, ETH’s market dominance slipped by 10% today.
XRP Price Pulls Back
XRP price plunged over 5% in the past 24 hours and is currently sitting at $2.18. The coin hit a bottom and peak of $2.15 and $2.32 intraday. Ripple’s coin saw liquidations worth $12.51 million in the past 24 hours. Further, the coin faces pressure amid whale selling, as CoinGape reported Ripple whales offloaded 370 million coins recently.
SOL Price Dips 4%
SOL price lost 4% in the past 24 hours and is currently trading at $137. The coin’s intraday low and high were $130.69 and $144.39, respectively. Solana recorded liquidations worth $27.75 million in the past 24 hours.
Meme Crypto Prices Today
Dogecoin (DOGE) price fell by nearly 2.5% in the past 24 hours, closing in at $0.2045. Meanwhile, Shiba Inu (SHIB) and Pepe Coin (PEPE) continued trading near the previous day’s levels, at $0.00001436 and $0.000008373, respectively. However, TRUMP coin gained by 1.5%, reaching $13.25.
Top Gainer Crypto Prices Today
However, it’s worth pointing out that some coins have defied the broader market volatility:
Kaito (KAITO)
Price: $2.44
24-Hour Gains: +40%
Story (IP)
Price: $6.63
24-Hour Gains: +20%
Optimism (OP)
Price: $1.20
24-Hour Gains: +11%
Top Loser Crypto Prices Today
Bitget Token (BGB)
Price: $3.94
24-Hour Loss: -10%
Kaspa (KAS)
Price: $0.08588
24-Hour Loss: -7%
Ronin (RON)
Price: $0.982
24-Hour Loss: -6%
Traders and investors watchers continue to stay apprehensive over the market’s future performance, primarily due to the U.S. tariffs saga. Global markets are facing the heat as trade tensions rise amid new macro developments. In turn, even the crypto market sees heightened whale selling at the moment, further accompanied by liquidity setbacks that are presenting prices with volatility.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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