On March 11, 2025, Bitcoin dropped to $77,000 amidst a significant sell-off linked to Trump’s crypto reserve plan, causing major altcoins like SOL, XRP, and ETH to decline by over 10%. The global crypto market cap stands at $2.66 trillion with varied performances among daily gainers and losers.

On March 11, 2025, a substantial sell-off in the cryptocurrency market ensued following former President Trump’s announcement regarding his crypto reserve plan. Bitcoin experienced a marked decline, plummeting to approximately $77,000, which led to significant volatility across the altcoin sector. The U.S. stock market opening on that day saw the Dow Jones drop by 2.08 points, further exacerbating the turbulence in crypto trading.

Market data indicates that Bitcoin witnessed a drop from a daily high of $83,740, reaching a low of $76,800 over 24 hours. As of now, it is trading at $81,530, accompanied by a trading volume of $59.56 billion within the same timeframe. Other major cryptocurrencies such as Solana (SOL), Ripple (XRP), and Ethereum (ETH) fell by over 10%, with SOL experiencing a decrease below $120 for the first time since March 2024.

Additional altcoins, including FET, LDO, UNI, and ENA, reported declines nearing 10%, while several others such as ENS, PYTH, THETA, OP, and ARB fell by 7% within 24 hours. Among the trending cryptocurrencies today are Ethereum (ETH), Arkham (ARKM), Akash Network (AKT), Solana (SOL), and Ripple (XRP).

In terms of market performance, the notable daily gainers included RARE (SuperRare) with an increase of 22%, IOST (IOST) at 16%, ARKM at 13%, IP (Story) at 6%, and MOVE (Movement) at 5%. Conversely, the top daily losers were LDO (Lido DAO) and FET (Artificial Superintelligence Alliance) each declining by 15%, followed by ENA (Ethena) at 13%, UNI (Uniswap) at 12%, and JASMY (JasmyCoin) dropping by 10%. According to Coinmarketcap, the global market capitalization for cryptocurrencies today is reported at $2.66 trillion, with a trading volume of $156.82 billion in the last 24 hours.

The cryptocurrency market is presently experiencing heightened volatility influenced by external economic factors, particularly following Trump’s recent crypto reserve announcement. Bitcoin has significantly declined, contributing to a ripple effect across major altcoins, which have all seen substantial losses. Despite the downturn, certain cryptocurrencies have managed to record gains, indicating a mix of resilience and volatility in the market landscape.

Original Source: www.cryptotimes.io

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