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CoinGape 2025-03-08 04:58:41

Crypto Market Today (Mar 8): BTC At $85K, Altcoins Show Volatility, & ENA Jumps 17%

The crypto market today continues to spark investor uncertainty, showcasing riveting movements. Bitcoin (BTC) price stagnates around $85K 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 1.5% decline in the past 24 hours and exchanged hands at $85,939. 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. Shiba Inu (SHIB) price followed, losing 1% and resting at $0.00001306. Nevertheless, 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. The post Crypto Market Today (Mar 8): BTC At $85K, Altcoins Show Volatility, & ENA Jumps 17% appeared first on CoinGape .

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