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Bitcoin Price Dips to $89K Amid Market Uncertainty Ahead of Crypto Summit

On March 7, 2025, Bitcoin’s price has dropped to $89,000, leading to a Fear & Greed Index score of 30. The overall cryptocurrency market capitalization is now $2.89 trillion, and Bitcoin’s market share is at 60.50%. Most altcoins, including Ethereum and XRP, have also seen declines, while a few cryptocurrencies recorded gains.

As of March 7, 2025, Bitcoin’s price has fallen to $89,000, causing concern amongst investors. The cryptocurrency’s market share now stands at 60.50%, and the overall market capitalization has decreased to $2.89 trillion. This decline follows a bullish trend observed just a day prior, and the Fear & Greed Index has dropped to 30, suggesting a prevailing fear in the market.

Today, Bitcoin is trading at $88,331.21, a decline of 4.42% within the last 24 hours. With notable events such as President Trump’s executive order on Bitcoin reserves on the horizon, the cryptocurrency market faces uncertainty. The predominant sentiment remains fear, as evidenced by the lowered Fear & Greed Index and the performance of altcoins. Most cryptocurrencies registered losses today, while some, like SUI, CRO, and LEO, experienced minor gains. Overall, today’s market activity reflects caution among investors, urging them to stay informed as developments unfold.

Original Source: coinpedia.org

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