The cryptocurrency market was quite nerve-racking on Saturday as it went through volatility. Bitcoin (BTC) witnessed a plunge to $95K, whereas Ethereum (ETH) and Solana (SOL) sat in the negative zone.
XRP, on the other hand, appreciated by about 1%, making it less worse. Other famous market-shifting meme coins were in a downtrend.
Let’s talk about the most popular cryptocurrencies of the day along with the latest advancements in the market which have drastically changed prices.
Crypto Prices Today: ‘Market Blues’ This Week As BTC & Alts Mainly Down
Cryptocurrency prices have struggled to make gains this week as Bitcoin (BTC) and many altcoins continued to drop in value. The crypto markets have also remained stagnant even with Donald Trump’s announcement to halt new tariffs for Mexico and Canada for thirty days.
There are worries regarding the length of the halt, since markets may become volatile again if tariffs activate during March. The region of cryptocurrencies has been suffering greatly during this week.
BTC Price Dips to $95K
In the last 24 hours, Bitcoin has decreased in value by nearly 1%, and is currently trading at approximately $96,663. During the day, it briefly hit a low of $95K, with a high of $100K. Bitcoin’s overall value may dip, but his dominance percentage rose by 0.09% to 60.94%.
New developments in Maryland have also appeared as lawmakers have said there is a proposal to establish a reserve fund for the State Bitcoin. Bitcoin saw liquidations totaling $73.02 million in the last 24 hours, according to Coinglass data.
Ethereum Reports Losses
Ethereum (ETH) dropped by 3% over the last 24 hours and is now estimated at $2,643.67. It had a daily low of $2,564.97 and a high of $2,798.03. This drop is in concordance with the market as a whole.
The SEC in the United States has also postponed any decision regarding BlackRock’s Ethereum ETF options trading right’s application. Ethereum also had $64.83 million in liquidations in the last 24 hours.
XRP Gains Slightly
XRP had a slight intraday increase of 1% and is trading at $2.38. It has recorded a low and high of $2.28 and $2.53 respectively.
Ripple has gained ground alongside some news of a new depositary receipt of XRP to be issued in the United States.
Changes in Solana’s Price
Solana has had the most significant price movement in the last 24 hours with it currently sitting at $193 dollars, down 0.1%. Its low and high for the day were $188.48 and $203.15 respectively. Solana has had $11.26 million in liquidations over the past 24 hours.
Meme Coin Price Declines
In the meme coin universe, Dogecoin (DOGE) decreased by 2 percent to $0.247 while both PEPE and TRUMP experienced losses of between 3 and 5% to $0.000009089 and $16.46. There is some good news though with Shiba Inu (SHIB) climbing 1 percent to $0.00001517.
