Bitcoin and Ethereum ETFs Experience Net Outflows of $74.2m and $12.1m, Respectively, on 3rd March 2025 đ°Coin: Bitcoin ( $BTC ) $83,768.50 Ethereum ( $ETH ) $2,092.17
Crypto prices today (March 4): Bitcoin (BTC) price once again crashed to the $83K level on Tuesday, reversing recent gains post-Donald Trumpâs crypto reserve announcement. Ethereum (ETH), XRP, and Solana (SOL) prices also crashed 14%-20% intraday. Notably, this waning action comes amid broader trends, such as the crypto market witnessing a bloodbath amid massive liquidations and broader trends. Crypto Prices Today: Hereâs Why BTC, ETH, XRP, & SOL Slumped Notably, CoinGape reported that the current crypto market crash is attributable to BTC facing the heat amid CME gaps and coins facing liquidity setbacks. The cryptocurrency sector lost nearly 10% value, as indicated by a global market cap of $2.76 trillion. Coinglass data indicated that liquidations in the past 24 hours totaled slightly over $1 billion. In turn, BTC, ETH, XRP, and SOL prices face immense heat despite Donald Tyumpâs optimistic crypto reserve announcement. BTC Price Reverses Gains BTC price once again backtracked to $83,738 on Tuesday, falling nearly 10%. The flagship coin hit an intraday low and high of $82,467.24 and $93,664.05, respectively. Bitcoinâs price has dipped amid $396.16 million worth of liquidations in the past 24 hours. Nevertheless, the coinâs market dominance remained up by 0.68% to 60.40%, signaling altcoins bore the brunt of broader trends. ETH Price Crashed 15% ETH price tanked nearly 15% in the past 24 hours, closing in at $2,076. The coinâs intraday bottom and peak were $2,004.21 and $2,453.65, respectively. Ethereumâs waning action falls in line with $209.58 million liquidated in the past 24 hours. The second-largest crypto by market cap further saw its dominance slipping to 9.1% amid broader sector volatility. XRP Price Plunges 18% XRP price crashed 18% in the past 24 hours, exchanging hands at $2.29. The coin hit a bottom and peak of $2.23 and $2.82 over the past day. The Ripple-backed assetâs slumping action aligns with $62.88 million liquidated in the past 24 hours. SOL Price Drops 20% Solana price crashed even harder, losing 20% value and trading at $136. Its intraday bottom and peak levels were $134 and $170, respectively. Solana recorded liquidations worth $70.55 million, aligning with the volatile intraday action. Meme Crypto Prices Mirror Downtrend Simultaneously, Dogecoin (DOGE) price cracked over 15% and exchanged hands at $0.1917. Shiba Inu (SHIB) price plummeted 13% in a day, reaching $0.00001260. Also, Pepe Coin (PEPE) price crashed 18% and is sitting at $0.000006907. Overall, the meme coin market is primarily following the broader market trend, with DOGE recording over $20 million in liquidations today. Top Gainer Crypto Prices Today Pi (PI) Price: 24-Hour Gains: PAX Gold (PAXG) Price: 24-Hour Gains: Tether Gold (XAUt) Price: 24-Hour Gains: Top Loser Crypto Prices Today Cardano (ADA) Price: $0.7998 24-Hour Loss: -25% Sonic (S) Price: $0.5419 24-Hour Loss: 25% Official Trump (TRUMP) Price: $12.31 24-Hour Loss: -23% Overall, the current market sentiment remains uncertain as crypto prices faced severe volatility despite a strategic crypto reserve announcement by Donald Trump. The post Crypto Prices Today (March 4): BTC Backtracks To $83K, Altcoins Crash Harder appeared first on CoinGape .
The post Why Is Crypto Market Down Today? appeared first on Coinpedia Fintech News The crypto market is feeling the heat again, with Bitcoin, Ethereum, Dogecoin, and XRP all taking a major hit. Bitcoin has fallen by 10%, Ethereum by 15%, and XRP by 17%. The selloff is being driven by concerns over President Trumpâs tariffs and growing fears of a potential recession. CME Gaps Fueling The Drop? Crypto analysts say Bitcoinâs price drop is due to CME gaps. Analyst Hardy pointed out that Bitcoin filled one gap today but needs to drop to $85,000 to fill another, with a bigger gap at $77,900 still open. He believes filling these gaps will pave the way for Bitcoinâs next rally. Titan of Crypto also sees a pullback before Bitcoin moves up again, which seems to be happening now. As per The Kobeissi Letter , between 10:00 AM and 3:30 PM ET, the S&P 500 erased a whopping $1.5 trillion in market cap. Notably, the selling pressure began ahead of Trumpâs âinvestment announcement.â The investment announcement began on a strong note, with Taiwanese semiconductor company announcing a $100B investment in the US. The move is expected to generate âhundreds of billions of dollarsâ in economic activity. Trump Confirms Tariffs For Tomorrow! Further, President Trump confirmed that 25% tariffs on Canada and Mexico will start tomorrow, March 4th, where markets had hoped these tariffs would be delayed again. Adding to the concerns, shortly after, the White House announced that President Trump signed an Executive Order raising tariffs on China to 20%. This marks a 20% increase in China tariffs over the past two months. https://twitter.com/KobeissiLetter/status/1896675818367246716 $300B Wiped Off Crypto markets took a sharp dive as no new details on the US Crypto Reserve emerged. Nearly $300 billion was wiped off the market cap, erasing most of yesterdayâs gains. Besides, Trumpâs announcement that the crypto reserve will include altcoins like Solana, Cardano, and XRP surprised many, who expected only Bitcoin to be included. Mixed reactions are adding to the market crash, as investors question the reserveâs credibility. Ethereum Loses It All! Ethereum has now erased all of its post-crypto reserve announcement gains. Prior to Sundayâs news, ETH was at $2,170, and itâs now dropped to a new low of $2,094, which is 3.5% lower than before Trumpâs announcement. Altcoins like Ethereum, Dogecoin, and XRP are falling as they closely follow Bitcoinâs price movements. As the trade war intensifies, the US average tariff rate is set to reach levels not seen since the Great Depression, potentially rising above 20%. This doesnât even account for the possible 100% tariff on BRICS countries. With all this volatility, big opportunities are on the horizon for traders.
Vincent Van Code, a software engineer and cryptocurrency enthusiast, recently shared a perspective on X regarding the fundamental difference between Bitcoin (BTC) and XRP. Vincentâs tweet compared BTC to gold and XRP to palladium, emphasizing their distinct value mechanisms. This analogy has sparked discussions among users, leading to clarifications and counterpoints regarding the utility of gold and how BTC maintains its price. BTC and XRP: Different Value Propositions In the post, Vincent Van Code highlights the core distinction between two digital assets with vastly different market dynamics. According to his analogy, BTC derives its value primarily from scarcity and investor sentiment, much like gold. Here is a great analogy to help you understand the key difference between BTC and XRP. Please note I am not saying XRP is better than BTC, I am just trying to state the difference between to very different asset classes Gold and Bitcoin (BTC) derive value primarily from⌠â Vincent Van Code (@vincent_vancode) March 2, 2025 Gold has historically been a store of value, with most of its demand driven by hoarding from governments and financial institutions rather than its industrial applications. Likewise, Bitcoinâs value is sustained largely through continued buy-in from investors who believe in its long-term appreciation. On the other hand, XRP is compared to palladium, a metal that derives most of its demand from industrial use, particularly in catalytic converters. The argument is that XRP, much like palladium, maintains demand through real-world applicationsâspecifically, in facilitating fast and cost-effective cross-border payments. This distinction implies that while BTCâs price relies on continuous investor interest, XRPâs value is supported by actual usage in financial transactions. We are on twitter, follow us to connect with us :- @TimesTabloid1 â TimesTabloid (@TimesTabloid1) July 15, 2023 Community Responses and Clarifications Following Vincentâs post, several users engaged in the discussion. One user, Michael Graziano, challenged the comparison by pointing out that gold is not merely a speculative asset but also has various industrial applications. He noted , âNot to be an asshat, but gold has massive use cases outside of jewelry. Electronics, aerospace, the glass industry (where I work), medical, dentistry, etc. It doesnât rust, great conductorâŚâ This comment introduced a nuance that gold, unlike Bitcoin, has a portion of its demand stemming from its functional use in multiple industries. Vincent acknowledged the point, responding , âNo you didnât, youâre right. 10% of gold demand is consumed in manufacturing. The other 90% scarcity is thanks to hoarding by governments, banks, etc. The price of gold is one of the biggest scams in the world. Hint hintâ His reply reinforced his original argument that the vast majority of goldâs value is derived from its status as a hoarded asset rather than its industrial applications. Potential Impact on the Crypto Market This discussion highlights an ongoing debate within the cryptocurrency community regarding how different digital assets sustain their value. BTC, often called âdigital gold,â relies on scarcity and investor perception, much like precious metals historically used as stores of value. The continued interest in Bitcoin depends on a belief in its future appreciation, making it susceptible to fluctuations driven by market sentiment. In contrast, XRPâs use case is positioned as a medium for real-time settlement and liquidity in financial markets. If demand for cross-border payments and financial institutionsâ use of XRP increases, its value may be supported by actual transaction utility rather than speculative holding. This distinction could influence long-term adoption trends, particularly if real-world utility becomes a dominant asset valuation factor. Understanding these differences may become increasingly important for developers and financial institutions as cryptocurrency markets mature. Whether an assetâs value is derived from scarcity or utility will likely play a crucial role in its long-term sustainability. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the authorâs personal opinions and do not represent Times Tabloidâs opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Understanding the Key Difference Between XRP and Bitcoin appeared first on Times Tabloid .
The post XRP Price Prediction For March 4 appeared first on Coinpedia Fintech News Rippleâs XRP is currently down by more than 18% and is trading at $2.30 levels. The broader market sentiment has turned red after a brief rally which saw Bitcoin hitting $95k. According to analyst Josh of Crypto World, XRP is following the trends of Bitcoin and the broader stock market. After a short-term price pump, XRP recently experienced a pullback, particularly after briefly breaking above the resistance zone between $2.65 and $2.80. However, the price is now back below this level, Key Support and Resistance Levels The next important support zone for XRP lies between $2.25 and $2.30. If the price bounces here, there could be a short-term recovery. However, if it breaks below $2.25, a further drop towards $2 or even the $1.95-$2.05 range is likely. This zone will be critical for XRP in the near future. Price Structure and Indicators On a more positive note, there are some signs of bullish price action. XRP has formed higher highs in both price and RSI (Relative Strength Index), suggesting a possible shift toward a more bullish market structure. This makes it less likely that the current bearish divergence will continue. Influence of Bitcoin If Bitcoin continues its sideways movement or further declines, XRP may mirror these actions. Itâs likely that XRP will experience some consolidation in the short term before making a bigger move. Short-Term Indicators and Overbought Conditions XRP recently showed an oversold signal, which led to a short-term bounce. Now, the RSI is indicating overbought conditions, suggesting a pullback could be on the horizon. Historically, XRP has shown price pullbacks after such overbought signals, and this time may be no different. However, the RSI is now resetting to more neutral levels, which may indicate a pause in the current bearish price action.
In a recent post on March 4th, **CryptoQuantâs** Research Director **Julio Moreno** emphasized the implications of Trumpâs **tariffs** on the **global economy**. He pointed out that prolonged uncertainties brought by
Based on historical records, after every Bitcoin (BTC) bull run , a bear market hits, and this cycle may be no different. Analysts forecast that the upcoming bear market may see the price of Bitcoin dropping as low as $25,000. This decline would represent a whopping 77% crash, pushing BTC to a possible market bottom . Analyst Bitcoin Price Correction To $25,000 Bitcoin has been put in the spotlight again, as its recent price surge has sparked new projections by market analysts. One notable forecast by crypto expert Tony Severino suggests that if history repeats, Bitcoin could see a drawdown between 77% and 84% from its peak. This implies that BTC may see its price skyrocket to its highest point during this bull cycle . However, after this historic price rally, the cryptocurrency is expected to correct downwards toward the $25,000 to $17,000 range in the next bear marke t. Looking at Severinoâs price chart, Bitcoin has been mirroring a repeating cycle of euphoric bull runs followed by severe bear market crashes. The chart highlights three major historical corrections that occurred during the last three bull cycles. In the 2013 to 2015 bear market, BTC hit a price peak and then plunged 86.64% to a bottom, marking the highest crash to date. Similarly, during the 2017 to 2018 bear market, Bitcoin fell 84.04% from its all-time high. Again, from 2021 to 2022, the pioneer cryptocurrency declined 77.57%. This bear market pattern shows that BTC often experiences significant price drawdowns after reaching a final ATH, with each subsequent correction being slightly less severe than the last. Interestingly, the severity of Bitcoinâs decline in every bear market has decreased by 4% each cycle. Severino has shared his thesis on this analysis, highlighting that instead of a 77% to 84% correction, the cryptocurrency could see a decline of 61.8% to 74% â a less drastic but still significant drop. Another unique aspect of Severinoâs analysis is the influence of the Bitcoin halving event . The year after every halving event, BTC has historically hit an all-time high. Considering that the cryptocurrency hit an ATH before its halving event in 2024 and then another after the US Presidential elections in January 2025, the current marketâs trajectory and the analystâs forecast remain uncertain. BTC Set For $160,000 ATH Before Crash To $25,000 While Severino shares his bear market prediction of the Bitcoin price to $25,000, the analyst also revealed his projected ATH target for BTC. He forecasts that BTC could reach a market peak target of $160,000 this bull cycle. This surge would mark a 74.1% increase in the Bitcoin price. As of writing, the pioneer cryptocurrency is trading at $91,880 after recovering slightly from bearish trends and rallying 7.05% in one day, according to CoinMarketCap.
COINOTAG News reported on March 4th that Cameron Winklevoss, co-founder of Gemini, expressed optimism regarding the **cryptocurrency strategic reserve plan**. However, he voiced his astonishment over the types of **digital
The price of bitcoin (BTC) plunged to $82,618 per coin as of 9 p.m. Eastern Time on Monday, marking a significant downturn in the broader cryptocurrency market. The total crypto economy has contracted by more than 12% against the U.S. dollar, now valued at $2.72 trillion. Bitcoin, Ethereum, and Solana Suffer Heavy Losses as Sell
XRP price started a fresh decline from the $3.00 resistance. The price is up down over 20% and might extend losses below the $2.20 support. XRP price started a fresh decline from the $3.00 zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it breaks the $2.20 support zone. XRP Price Reverses XRP price rallied above the $2.50 and $2.80 levels before the bears appeared, like Bitcoin and Ethereum . The price failed to clear the $3.00 resistance and started a fresh decline. There was a sharp move below the $2.80 and $2.60 levels. The price traded below the 50% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. There was also a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP/USD pair. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. It is now finding bids just above the 76.4% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. On the upside, the price might face resistance near the $2.35 level. The first major resistance is near the $2.40 level. The next resistance is $2.4750. A clear move above the $2.4750 resistance might send the price toward the $2.620 resistance. Any more gains might send the price toward the $2.700 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.80. More Losses? If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level. The next major support is near the $2.120 level. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD â The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) â The RSI for XRP/USD is now below the 50 level. Major Support Levels â $2.20 and $2.120. Major Resistance Levels â $2.40 and $2.4750.