On February 27, 2025, Bitcoin dropped to $82,000, marking a 7.6% decrease from earlier highs. Solana also saw a decline to $130 during the day, reflecting broader market pressures. The total crypto market cap stands at $2.86 trillion, down 1.68%, with several altcoins experiencing significant volatility and losses.

On February 27, 2025, Bitcoin experienced a significant decline, trading at $82,000, which is a 7.6% drop from its daily peak of $89,100. This downturn follows a broader trend that has seen Bitcoin drop over 11% since February 21, with its market capitalization diminishing by more than $260 billion. Spot Bitcoin ETFs are reportedly witnessing outflows totaling $2.43 billion weekly.

Currently, Bitcoin is trading at approximately $86,300, reflecting a cumulative decrease of 20% from its record high of $109,111, achieved on January 20. The cryptocurrency market is largely in decline, impacting several altcoins, including Solana, which has faced a downtrend, reaching $130 in the last 24 hours before rebounding slightly to $140, marking an 18% decrease over the past week.

The pressure on Solana’s price is exacerbated by the anticipated unlocking of billions in Solana tokens, leading to increased selling activity. Other major cryptocurrencies also faced declines; Ethereum’s value has dipped 5%, hovering around $2,350, while XRP is down 3% at $2.21. Mid-cap altcoins have faced severe volatility as well.

Among trending cryptocurrencies today are KAITO, Solana (SOL), Litecoin (LTC), Safe (SAFE), and Pi Network (PI). Noteworthy gainers include KAITO with an increase of 35%, SAFE at 28%, and GRASS rising 12%. Conversely, Ethereum has declined by 6%, followed by DEXE, KAS, and XDC, each down 5%.

According to Coinmarketcap, the total value of the global crypto market is approximately $2.86 trillion, reflecting a decrease of 1.68% today, with a trading volume of $159.4 billion.

In summary, the cryptocurrency market is experiencing notable declines, with Bitcoin trading significantly lower than its recent highs and Solana facing pressure due to upcoming token unlocks. Major altcoins are also affected, with many reflecting substantial volatility and losses. Overall, the market sentiment remains bearish, underscoring the need for cautious investment strategies within the current climate.

Original Source: www.cryptotimes.io

Related posts:

Solana’s Price Decline: Analyst Warns Against Shorting Amid Strong Fundamentals Bitcoin Hits New ATH of $108k Amid Market Adjustments on December 18th, 2024 Bitcoin Plummets to Lowest Price Since November Amid Market Concerns Fed Vice Chair Philip Jefferson Advocates Caution on Rate Cuts as Crypto Market Responds