As of March 2, 2025, the cryptocurrency market has shown some fluctuations. Here's a summary of the recent performance of Bitcoin (BTC) and Binance Coin (BNB):
Bitcoin (BTC):
On March 1, 2025, Bitcoin was priced at approximately ₨23,622,622 PKR, slightly down from ₨23,680,738 PKR on February 28, 2025.
Over the past week, BTC ranged between a high of ₨26,933,157 PKR on February 24 and a low of ₨23,477,690 PKR on February 27.
Current Price (March 2, 2025): ₨23,864,488 PKR, reflecting a 0.8% increase from the previous day.
Source: CoinGecko
Binance Coin (BNB):
On March 1, 2025, Binance Coin was valued at ₨164,043 PKR, down from ₨169,003 PKR on February 28, 2025.
During the week, BNB fluctuated between a high of ₨184,252 PKR on February 24 and a low of ₨164,043 PKR on March 1.
Current Price (March 2, 2025): ₨170,115 PKR, marking a 2.7% rise from the previous day.
Source: CoinGecko
Cryptocurrency prices are highly volatile and can change rapidly. Always refer to reliable sources and stay updated for the latest market movements.
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Meme coins, including Pepe, soared in 2024 (+1,444.7%), but 2025 has brought sharp declines and investor caution. Launched in April 2023, Pepe Coin’s rise reflects how internet culture impacts crypto markets.
Is the meme coin hype fading, or is this just a dip?
Dogecoin (DOGE) and other meme coins like Shiba Inu (SHIB), Pepe (PEPE), and Official Trump (TRUMP) are experiencing significant price declines. Data indicates that Solana-based meme coins' market capitalization has dropped nearly 4%, now standing at $8.7 billion.
Key Factors Behind the Decline:
1️⃣ Bitcoin's Drop: Bitcoin fell below the $80,000 mark early Friday, triggering a broader crypto sell-off.
2️⃣ Bybit Hack: A recent $1.4 billion hack of the Bybit exchange has further shaken investor confidence.
Despite the U.S. Securities and Exchange Commission (SEC) clarifying that meme coins are considered collectibles and not securities, prices continue to struggle.
📉 Market Sentiment: The Crypto Fear & Greed Index has plummeted to 16, indicating "Extreme Fear" among traders—the lowest level in three years.
🔍 Analyst Insights: A report titled "Has $TRUMP Killed the Crypto Pump?" suggests that the launch of Trump Coin, alongside peaks in Pump.fun and Solana, has shifted speculative momentum. Analysts anticipate continued market consolidation and potential further declines in the near term.
Is this a temporary setback, or are meme coins losing their appeal? Share your thoughts below! 👇