The post Why Crypto Is Crashing Today: Will Crypto Summit 2025 Ignite a Bull Run? appeared first on Coinpedia Fintech News
The crypto market today has been struggling through the rough winds, amidst liquidity concerns, and CME gaps. The turbulence has led to the market cap of the business sinking by 10.62% to $2.75 trillion. Investors are now hopeful of the “Crypto Summit” scheduled on March 07th, to ignite a bull run.
Bitcoin Price Now Stands at $84k!
Market dominance comes at a cost, and Bitcoin has taken the brunt of the larger market turmoil. After dropping to a 24-hour low of $82,467.24 from its intraday peak of 93,664.05, BTC is currently changing hands at $84,033.44. The 9% price spike, despite the $1 billion liquidations, entrusts hope of Bitcoin’s comeback in the very short term. Talking about other metrics, BTC’s market cap currently stands at $1.84 trillion, with daily volumes spiking up by 14.15% to $76.01 billion.
For a sneak peek into BTC’s future price, read our Bitcoin Price Prediction 2025, 2026-2030!
Altcoins Tumble Amid Strong Headwinds
Ethereum has faced a steep price drop of 13.95%, with a face value of $2,101.58. And Ethereum’s direct rivals Solana and XRP have also taken heavy hits, losing 18.86% and 16.55%, respectively.
Interested in decoding XRP’s future price trend? Check out our Ripple (XRP) Price Prediction 2025, 2026-2030!
Top Gainers:
- PI: +3.49% to $1.74
- XAUt: +0.94% to $2,883.68
- PAXG: +0.79% to $2,888.99
Top Losers:
- Sonic: -24.37% to $0.544
- ADA: -23.79% to $0.8114
- TRUMP: -22.83% to $12.36
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FAQs
At the time of writing, 1 Bitcoin is trading at $84,033.44.
Pi, XAUt, and PAXG have recorded the highest gains today, rising by 3.49%, 0.94%, and 0.79%, respectively.
Ethereum price has dropped 13.95% in the past 24 hours, trading at $2,101.58.
