#CryptoUpdate As of March 2, 2025, the cryptocurrency market has experienced notable fluctuations influenced by various economic and regulatory developments.
Bitcoin (BTC):
Bitcoin is currently trading at $85,338, reflecting a slight increase of 0.93% from the previous close. The day's range has seen a high of $86,561 and a low of $83,783. In February 2025, Bitcoin faced a significant selloff, recording a 17.2% decline—the worst monthly performance since June 2022. This downturn coincided with record outflows from Bitcoin ETFs, totaling $3.3 billion, as institutional investors rebalanced portfolios amid a broader risk-off sentiment.
Ethereum (ETH):
Ethereum is trading at $2,218.23, marking a decrease of 0.55% from the previous close, with intraday movements between $2,146.38 and $2,281.81. The cryptocurrency market, including Ethereum, has been affected by economic concerns and incidents like Bybit's $1.5 billion Ethereum hack, contributing to recent volatility.
Altcoins:
Binance Coin (BNB): Currently at $604.34, up 2.67%, with a high of $608.43 and a low of $583.58.
Cardano (ADA): Trading at $0.6470, up 1.77%, with intraday values between $0.6270 and $0.6544.
XRP: Priced at $2.17, showing a modest increase of 0.46%, ranging from $2.12 to $2.22.
Dogecoin (DOGE): At $0.2033, up 0.65%, with a high of $0.2089 and a low of $0.1996.
Solana (SOL): Trading at $140.44, down 4.32%, with intraday movements between $138.63 and $150.00.
Polkadot (DOT): Priced at $4.64, down 1.90%, ranging from $4.54 to $4.83.
Litecoin (LTC): At $124.33, down 3.30%, with a high of $130.15 and a low of $123.22.
Chainlink (LINK): Trading at $14.80, relatively stable with a 0.07% increase, between $14.26 and $15.00.
Market Influences:
Recent market volatility has been influenced by several factors:
Trade Policies: President Donald Trump's announcement of reinstating tariffs on Canada, Mexico, and China has contributed to economic uncertainties, affecting both traditional and crypto markets.
