Crypto prices dropped sharply on March 4, erasing $800 million from the market. The total market cap slipped below $3 trillion, settling at $2.77 trillion, a 9% decline. Trading volume also decreased by 14% to $177 billion. Bitcoin, Ethereum, and XRP initially surged after Trump\u2019s announcement of a crypto reserve on Sunday. However, the market reversed sharply as new tariffs on Mexico and Canada took effect.<\/p>\n
Trump\u2019s trade policies and growing recession fears led to heavy sell-offs. Bitcoin faced downward pressure due to CME gaps and institutional liquidations crashing by 10%. Altcoin, like ETH, has decreased by 15% and XRP by 17%, following the trend.<\/p>\n
Crypto Prices Dip as BTC Fails to Hold Above $85K Support<\/strong><\/h2>\nBitcoin price dropped over 10% today from a peak of $93,664. Earlier, Bitcoin saw gains as institutional demand grew after U.S. President Donald Trump revealed a crypto reserve. However, the market momentum shifted as bearish sentiment intensified, leading to a sharp decline in value.<\/p>\n
Despite the surge, the CME Bitcoin futures chart showed a notable gap, suggesting a potential price drop. This gap, known as a CME gap, typically signals a price correction as it is often revisited. <\/span>BTC price<\/span><\/a> hovered at $83,973, indicating a downtrend in the past 24 hours, making it the lowest point this month.<\/span><\/p>\nWill ETH Price Break Below $2k Support Level?<\/strong><\/h2>\nOver the last 24 hours, Ethereum price has seen a notable decrease,\u00a0 hovering below the $2,200 support level following other crypto coins. This follows a brief rally, where Ether surged by 15% after the announcement of the U.S. Crypto Strategic Reserve on Sunday.\u00a0<\/span><\/p>\nHowever, despite its inclusion in the reserve, ETH faces continued sell-offs amidst broader market uncertainty. Crypto prices across the board have been fluctuating, and altcoins are also seeing similar price struggles. If this trend persists, ETH could dip below $2,000.<\/span><\/p>\nXRP Price Sees Major Fluctuations<\/strong><\/h2>\n
Will ETH Price Break Below $2k Support Level?<\/strong><\/h2>\nOver the last 24 hours, Ethereum price has seen a notable decrease,\u00a0 hovering below the $2,200 support level following other crypto coins. This follows a brief rally, where Ether surged by 15% after the announcement of the U.S. Crypto Strategic Reserve on Sunday.\u00a0<\/span><\/p>\nHowever, despite its inclusion in the reserve, ETH faces continued sell-offs amidst broader market uncertainty. Crypto prices across the board have been fluctuating, and altcoins are also seeing similar price struggles. If this trend persists, ETH could dip below $2,000.<\/span><\/p>\nXRP Price Sees Major Fluctuations<\/strong><\/h2>\n
However, despite its inclusion in the reserve, ETH faces continued sell-offs amidst broader market uncertainty. Crypto prices across the board have been fluctuating, and altcoins are also seeing similar price struggles. If this trend persists, ETH could dip below $2,000.<\/span><\/p>\nXRP Price Sees Major Fluctuations<\/strong><\/h2>\n
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