Crypto Market Live 11th March : FTX Crypto, Pi Network News, Crypto Market Crash

The crypto market is under significant pressure, with the total market cap dropping by $57 billion in the past 24 hours to $2.55 trillion amid concerns over the US economy. Bitcoin led the decline, falling to an intraday low of $76,600, while altcoin FET plunged 15%. The downturn coincides with news that President Trump will reverse Biden-era crypto debanking regulations, and the SEC is pulling back on its proposal to expand oversight of crypto exchanges. Traders remain cautious, watching key support levels for signs of a recovery.

According to Fortune, former FTX CEO Sam Bankman-Fried (SBF) is seeking a pardon from President Trump. SBF has launched a series of high-profile campaigns, including an unauthorized appearance on the Tucker Carlson Show, which reportedly led to him being put in solitary confinement. However, political insiders believe that his chances of receiving a pardon are extremely low, given the current political climate and the ongoing controversies surrounding his case.

Trump’s tariff uncertainty continues to fuel market sell-offs, wiping $1.7 trillion from US stocks and triggering $940 million in crypto liquidations. Bitcoin has slipped below $80K, while Ethereum trades near its 2022 bear market lows. Meanwhile, tokens like $OM, $IP, and $MOVE are holding strong amid the downturn. Overall, the crypto market cap stands at $2.74 trillion, with BTC dominance at 58.10% and the Fear & Greed Index at 24, signaling extreme fear among investors.

The crypto market took a hit on March 11 as Bitcoin slid to a low near $80K and Ethereum dropped 10% below $2K, with XRP and SOL also falling by 6-10%. Overall market sentiment is grim, with a nearly 4% market cap drop to $2.58 trillion and over $900M in liquidations. Despite pro-crypto moves like Trump’s executive order on a BTC reserve, fear of recession and escalating trade tensions is keeping prices under pressure.