The cryptocurrency market today, March 9, 2025, is experiencing a significant downturn, with many major coins seeing notable declines.

Bitcoin (BTC) is currently trading around $82,361, down 4.37% from yesterday. In the past 24 hours, BTC peaked at $86,487 and hit a low of $82,361.

Ethereum (ETH) is also following the downward trend, currently priced at $2,054.45, a 6.09% drop from the previous session. The daily range for ETH has been between $2,224.72 and $2,054.45.

Binance Coin (BNB) is trading at $560.52, marking a 6.37% decrease from the previous day. The highest and lowest prices within the day are $601.83 and $560.22, respectively.

Cardano (ADA) is currently at $0.737316, down 9.19% compared to the last session. Over the past 24 hours, ADA has fluctuated between $0.736099 and $0.82076.

XRP is trading at $2.14, seeing an 8.55% decline from yesterday. Its daily high and low are $2.36 and $2.14, respectively.

This decline may be linked to news that U.S. President Donald Trump has signed an executive order to establish a strategic Bitcoin reserve fund. However, this plan has not sparked much enthusiasm, as it does not mandate government purchases of digital assets, leading to a negative market reaction.

Additionally, the Crypto Fear & Greed Index has dropped to 10, the lowest level in months, indicating "extreme fear" among investors.

The total market capitalization of cryptocurrencies currently stands at $1.64 trillion, with Bitcoin dominating around 60% of the market.

Overall, the crypto market is going through a sharp correction, and investors should remain cautious while closely monitoring economic and political developments that may impact the market.