Crypto Market Today (March 7): So, President Trump decides to play the crypto game and announces a Bitcoin reserve. Great, right? Well, not so fast! BTC takes a nosedive to a low of $84K. Meanwhile, Ethereum (ETH), Solana (SOL), and XRP are all like, “Hold my beer,” dropping 1-6%. And let’s not even get started on the meme coins—trading in the red like they’re at a bad comedy show. Investors are sweating bullets despite the supposed pro-crypto news. What a time to be alive! 🙄
Crypto Market Today: BTC, ETH, SOL, XRP Wane Despite U.S. Crypto Reserve Establishment
The global crypto market lost nearly 4% today. Yep, you heard that right! The market cap shrank to $2.88 trillion. All this despite Trump’s big pro-crypto announcement. It’s like throwing a party and nobody shows up. What gives?
So, Trump signs this executive order for a Bitcoin strategic reserve. Sounds fancy, right? But guess what? Prices are still doing the cha-cha, and not in a good way. They’re all over the place, like a toddler on a sugar high.
BTC Price Hits $84K Low Again
After a brief moment of hope, BTC is back to its old tricks, falling over 4% to $87,071. CoinMarketCap says it bottomed out at $84,717.68. Talk about a rollercoaster! And with $259.24 million in liquidations in the last 24 hours, Bitcoin is like that friend who keeps borrowing money and never pays it back. Futures OI slipped 4.6% too. Ouch!
ETH Price Dips 6% Amid Crypto Market Volatility
ETH is not doing much better, cracking by 6% and trading at $2,146. It peaked at $2,319.40 and then decided to take a dive. Liquidations? Oh, just a casual $72.04 million. Ethereum’s futures OI also took a hit, down 4.24%. It’s like watching a slow-motion train wreck.
XRP Price Slips 1%
XRP is down just over 1%, sitting at $2.47. It hit an intraday low of $2.39. Ripple’s trying to keep its head above water, but with $24.34 million in liquidations, it’s a tough gig. At least the whales are still interested. Go figure! 🐋
SOL Price Loses 5%
SOL is down 5%, closing at $141. It dipped to $135.72 and peaked at $152.78. Liquidations? Just a casual $21.67 million. It’s like a bad breakup—nobody’s happy.
Meme Crypto Market In The Red
And the meme coins? Oh boy. Dogecoin (DOGE) is down nearly 5% at $0.1967. Shiba Inu (SHIB) lost over 2%, sitting at $0.00001318. Even Pepe Coin (PEPE) is down 6%. It’s like a sad meme convention out there.
Top Gainers In The Crypto Market Today
But wait! Some tokens are actually doing okay. Who knew?
Movement (MOVE)
Price: $0.4945
24-Hour Gains: +5%
MOVE is soaring thanks to Trump’s World Liberty Financial. Apparently, they’re into it. Who wouldn’t be? 🙃
Sui (SUI)
Price: $2.68
24-Hour Gains: +1%
Sui is riding the coattails of Trump’s World Liberty Finance. They’re including SUI in their strategic token reserve. Lucky SUI!
Jito (JTO)
Price: $2.66
24-Hour Gains: +0.5%
Top Losers In The Crypto Market Today
And then there are the poor souls that got hit hard:
Ondo (ONDO)
Price: $1.02
24-Hour Loss: -14%
Sonic (S)
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2025-03-07 08:16