Crypto Market Today (March 10): Ah, the fickle nature of fortune! On this fine Monday, the price actions of Bitcoin and Ether have stirred a tempest of anxiety among the traders, akin to a stormy night in the Russian countryside. Despite the recent benevolence of the U.S. towards cryptocurrency, BTC has retreated to a disheartening low of $80K, while ETH has suffered a near 6% decline. The traders, those anxious souls, are left trembling as even the mighty altcoins, Solana and XRP, have succumbed to alarming losses, all while Donald Trump’s strategic Bitcoin reserve announcement hangs in the air like a poorly timed joke.
Crypto Market Today: The Reasons Behind the Plunge of Bitcoin & Major Altcoins
In a rather dramatic turn of events, the global crypto market has experienced a 4.83% decline over the past day, with a market cap now resembling a sad shadow at $2.69 trillion. Liquidations have reached a staggering $600 million in the last 24 hours, as if the market were a theater of the absurd. Analyst Ali Martinez has revealed that over $1 billion in Bitcoin long positions have been liquidated, aligning perfectly with the market’s volatility—truly a spectacle worthy of a tragicomedy.
Meanwhile, the release of the non-farm payrolls (NFP) report on Friday has hinted at a hawkish stance from the Feds, as if they were preparing for a duel at dawn. Coupled with the macroeconomic heat from Trump’s tariff saga, these factors have placed severe pressure on risk assets, leaving them gasping for breath.
BTC Price Brushes $80K Low
As of the latest news, BTC has plummeted nearly 5%, trading at a mere $82,033. The flagship coin has touched an intraday low of $80,052.49, a fall from grace from $86,146.15. Coinglass data reveals that $237.60 million was liquidated in the Bitcoin market intraday. Yet, in a twist of fate, the coin’s market dominance has risen by 0.03%, hinting at a more volatile altcoin sector—oh, the irony!
ETH Price Reverses 6%
ETH, too, has not escaped the clutches of despair, losing nearly 6% in the past 24 hours and trading at $2,062. The coin has danced between a low of $1,991.19 and a high of $2,194.89. With $107.56 million liquidated in the past day, ETH’s market dominance now rests at a mere 9.2%—a shadow of its former self.
XRP Price Falls 6%
XRP has also joined the ranks of the fallen, trading at $2.18 after a near 6% drop. The coin has seen lows of $2.09 and highs of $2.34, yet only $30.34 million worth of liquidations have been recorded. A curious case, indeed!
SOL Price Loses 8%
SOL has not been spared either, losing nearly 8% and closing at $127.5. Its intraday bottom and peak were $124.38 and $139.73, respectively. With $26.6 million worth of liquidations, Solana’s price has dipped in tandem with the broader trend, as if it were a character in a tragic play.
Meme Crypto Market Also Wanes
Even the whimsical world of meme coins has not escaped this downturn. Dogecoin (DOGE) has plummeted 10% to $0.1718, while Shiba Inu (SHIB) has cracked 4%, trading at $0.00001208. Pepe Coin (PEPE) and TRUMP have both crashed over 9%, now sitting at $0.000005960 and $10.97, respectively. It seems even humor has its limits in this market!
Top Gainers In Crypto Market Today
Yet, amidst this chaos, a few tokens have defied the odds and traded in the green zone:
Story (IP)
Price: $5.23
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2025-03-10 07:58