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Crypto Market Update: Bitcoin and Ethereum Dip; Altcoins Decline in Value

On March 28, 2025, Bitcoin and Ethereum faced notable declines, with Bitcoin falling below $85k and ETH dropping to around $1,900. Major altcoins including XRP, SOL, and ADA also saw losses of around 5%. However, some tokens managed to gain, such as GRASS and SAFE with a 9% increase. The global cryptocurrency market cap is currently at $2.77 trillion.

As of March 28, 2025, Bitcoin has experienced a decline, falling below the $85,000 mark. The price had previously reached a high of $87,676 today but has since dipped nearly 3%. Ethereum similarly has lost significant value, dropping to approximately $1,900, as major altcoins, including XRP, SOL, and ADA, each fell by 5% within the same 24-hour period.

Bitcoin is currently trading around $85,000, reflecting a 2% decrease with a trading volume of $30.82 billion. Meanwhile, Ethereum has faced a sharper downfall, declining nearly 5% in the morning and further to about $1,880. Traders’ shifting focus to low-risk assets such as DAI is believed to influence this downturn in ETH price, which has registered a 6.3% loss over the past 24 hours.

In light of Bitcoin and Ethereum’s performance, several major altcoins have not fared well, with XRP, ADA, and SOL noted to have dropped approximately 6%, 5%, and 5%, respectively. Conversely, the top gainers today represent a slight recovery, with GRASS and SAFE each increasing by 9%, while CRO, FORM, and LAYER have appreciated nearly 5%. However, ZETA leads the daily losses, having plunged over 20%, followed by BEAM, KAITO, and LDO, which experienced declines of 15%, 13%, and 10%, respectively.

Currently, the global cryptocurrency market cap stands at $2.77 trillion, with a trading volume of $88.38 billion in the last 24 hours. Significant movements in the market are being tracked, as changes in trader sentiment may further influence these digital currencies.

In conclusion, March 28, 2025, has shown a notable decline in key cryptocurrencies such as Bitcoin and Ethereum, both of which experienced significant drops. Major altcoins like XRP, SOL, and ADA followed suit, while a few tokens like GRASS and SAFE saw gains. The overall sentiment in the market, compounded by shifts towards low-risk assets, underscores the dynamic nature of cryptocurrency trading.

Original Source: www.cryptotimes.io

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