Cryptocurrency Market Update: Bitcoin Falls to $80k as Major Altcoins Decline
On March 10, 2025, Bitcoin dropped to $80,200, leading to a 6% decline in major altcoins such as ETH, XRP, and SOL. Bitcoin is currently at $81,800, while Ethereum is at $1,999 and XRP at $2.25. Other altcoins have faced notable losses as the global crypto market cap decreased to $2.68 trillion.
On March 10, 2025, Bitcoin experienced a significant decline, reaching a low of $80,200 during a weekend sell-off in the cryptocurrency market. Following Bitcoin’s drop, major altcoins including Ethereum (ETH), Ripple (XRP), and Solana (SOL) also decreased by approximately 6% within the last 24 hours. At the time this report was compiled, Bitcoin was trading around $81,800 with a trading volume of $39.95 billion, reflecting a decrease of 4.8% for the day and an 11% decline over the past week.
Ethereum’s price fluctuated, falling to $1,999 from a daily peak of $2,175, indicating a nearly 4% drop within the past 24 hours. Similarly, XRP fell by 3%, hitting a low of $2.1 before recovering to a current price of $2.25. Solana exhibited volatile trends, decreasing to a daily low of $124.72, but is now trading at $130, representing a 6% reduction.
Several notable altcoins faced significant losses with MOVE, KAS, JASMY, and MKR observing declines exceeding 10%. Other currencies, including RENDER, ENS, ONDO, NEAR, and INJ also contracted by 6%. Conversely, ENA experienced a notable increase of nearly 9% in the last 24 hours, currently trading at $0.47, according to Coinmarketcap’s data.
In terms of trending cryptocurrencies today, Ethereum, Ripple, Solana, RARE (SuperRare), and IP (Story) have garnered attention among traders. The top daily gainers included RARE (SuperRare) at +95%, AUDIO (Audius) at +18%, AUCTION (Bounce Token) at +10%, LAYER (Solayer) at +6%, and IP (Story) at +4%. Conversely, the top daily losers were MOVE (Movement) at -16%, JASMY (JasmyCoin) at -14%, KAS (Kaspa) at -13%, MKR (Maker) at -13%, and ONDO (Ondo Finance) at -11%. The overall market capitalization for cryptocurrency has fallen to $2.68 trillion, reflecting a decrease of 4.92% over the past 24 hours.
In summary, the cryptocurrency market has experienced a significant downturn on March 10, 2025, with Bitcoin dipping to $80,200 and notable altcoins such as Ethereum, Ripple, and Solana falling by 6%. Despite some altcoins witnessing substantial gains, the overall market capitalization has diminished significantly. Continuous monitoring of market trends and developments will be essential for investors navigating this volatile landscape.
Original Source: www.cryptotimes.io
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