💥 Market Sell-Off
Crypto prices plunged on March 4, erasing $800M from the market as the total cap dropped 9% to $2.77T. Trading volume fell 14% to $177B. The initial pump from Trump’s crypto reserve announcement faded as new tariffs on Mexico & Canada sparked heavy sell-offs.
🔻 Bitcoin Struggles Below $85K
BTC crashed 10%, hitting $83,973, pressured by CME gaps & liquidations. Despite institutional interest, market sentiment turned bearish. Holding above $82,500 is crucial to prevent further declines.
📉 Ethereum Drops Toward $2K
ETH plunged 15%, struggling to stay above $2,200. Despite being in Trump’s crypto reserve, continued sell-offs could push ETH below $2K if bearish momentum persists.
⚠️ XRP Volatility Surges
XRP fell 17%, now at $2.35, after an initial rally from Trump’s announcement. However, whales accumulated nearly 1B XRP, signaling strong market demand, which could support a price rebound.
🚀 What’s Next for Altcoins?
BTC must hold $82,500 to stabilize the market. If Bitcoin regains strength, ETH, SOL, XRP & ADA could lead a recovery, being part of Trump’s reserve list.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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