Altcoin
BTC Touches $95K Low, Altcoins Show Mixed Actions
Crypto prices on Saturday have again encountered severe volatility, keeping traders and investors cautious. Bitcoin (BTC) price briefly slumped to a $95K low, whereas Ethereum (ETH) and Solana (SOL) traded in the red territory. However, XRP managed to pump roughly 1%, preventing further downside momentum. Besides, even the meme coins sector mirrored a slumping movement.
Let’s take a closer look at some of the most trending coins for the day and the latest market updates that have impacted prices.
Crypto Prices Today: ‘Market Blues’ This Week As BTC & Alts Mainly Down
Despite Donald Trump announcing a pause on new tariffs for Mexico and Canada, the crypto market is yet to recover from its slump. Some traders and investors are even bearish over future movements, as the tariffs pause is only for 30 days. Given that the market fails to recover by March’s beginning, another wave of volatility could kick in as the new tariffs are to resume. Meanwhile, this week has been alarming for the broader cryptocurrency sector as a whole.
BTC Price Hits $95K Low
BTC price dipped nearly 1% in the past 24 hours and is currently trading at $96,663. However, it’s noteworthy that the flagship coin’s intraday low and high levels were $95K and $100K, respectively. Nevertheless, Bitcoin’s dominance stayed up by 0.09%, reaching 60.94%.
Meanwhile, in the latest developments surrounding this crypto, the U.S. state of Maryland has recently unveiled a legislative proposal to establish a Bitcoin reserve fund for the state.
Bitcoin saw liquidations worth $73.02 million in the past 24 hours, per Coinglass data.
Ethereum Price Slips
ETH price dropped nearly 3% in the past 24 hours and is currently trading at $2,643. The coin’s intraday low and high were $2,564.97 and $2,798.03, respectively. Notably, the current waning movement falls in line with the broader market trend.
In the latest developments surrounding the crypto, the U.S. SEC has delayed its decision on BlackRock’s Ethereum ETF options trading proposal. ETH recorded liquidations worth $64.83 million in the past 24 hours.
XRP Price Jumps
However, XRP price jumped slightly over 1% intraday and is currently trading at $2.38. The coin’s 24-hour bottom and high were $2.28 and $2.53, respectively.
Ripple’s coin soars alongside positive news for the community as a new XRP DR (Depository Receipt) product is set to go live in the U.S.
Solana Price Fluxes
SOL price witnessed a rollercoaster ride in the past 24 hours, trading at $193 as of press time, down marginally by 0.1%. The coin’s 24-hour bottom and peak were $188.48 and $203.15, respectively. Notably, Solana recorded liquidations worth $11.26 million in the past 24 hours.
Meme Crypto Prices Today
Dogecoin (DOGE) saw a 2% drop in value and is currently trading at $0.247. Simultaneously, even PEPE and TRUMP prices tanked 3-5%, reaching $0.000009089 and $16.46, respectively. However, Shiba Inu (SHIB) price witnessed a nearly 1% jump in value to $0.00001517.
Top Crypto Gainers Prices Today
Flare (FLR)
Price: $0.02196
24-hour Gains: +9%
Onyxcoin (XCN)
Price: $0.0279
24-hour Gains: +6.5%
Maker (MKR)
Price: $948.28
24-hour Gains: +5%
Top Crypto Loser Prices Today
Berachain (BERA)
Price: $6.86
24-Hour Loss: -15%
Movement (MOVE)
Price: $0.5412
24-Hour Loss: -12%
LidoDAO (LDO)
Price: $1.54
24-Hour Loss: -10%
The broader market trends remain poised to significantly impact prices ahead. Apart from Donald Trump’s tariffs resuming in 30 days, another aspect has caused volatility. Renowned crypto analyst Ali Martinez revealed that over $15 billion in tokens were unlocked last month. Moreover, another $3 billion is set for this month, whereas the following month will see $9 billion between March & April. This phenomenon could further present altcoins’ 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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