Image Source: Traxer on Unsplash
This Week’s Summary
The cryptocurrency market looks set to end the week at a total market capitalization of approximately $2.29 trillion.
Bitcoin has maintained its trading value at around $67,000.
Ethereum decreased by nearly 2% to trade at around $1,900.
XRP fell down by 2%, Solana fell down by 3%, and Dogecoin fell down by 4%.
Almost all altcoins have been seen trading in the red, though there have been some exceptions to take note of.
The DeFi sector increased the total value locked in protocols (TVL) to about $96 billion.
Crypto Market Trends for the Week of March 2-8, 2026: Market Analysis and Performance
The cryptocurrency market has seemingly failed to recover after a rollercoaster ride this past week. Most cryptocurrencies increased in value amid tensions in the Middle East. However, a significant liquidity outflow from ETHs brought prices down again. Meanwhile, the overall market capitalization remained at around $2.29 trillion.
Bitcoin started the week trading in the green. Strong momentum pushed it close to the $71,000 mark. However, BTC quickly dropped as news of massive liquidations brought its price below $66,000. Over the past 24 hours, Bitcoin’s price recovered to the same level it had exactly one week ago, just a little above the $67,000 area.
Ethereum was eager to regain the $2,000 level a week ago. However, its victory did not last long. The second cryptocurrency in command quickly dropped below the daunting resistance level and found support just at the $1,900 mark. Its supporters are likely hoping that ETH will not drop even further.
Altcoins & DeFi
Most altcoins have been seen trading in the red, though there have been some notable exceptions to take note of. For example, XRP fell down by 2%, Solana fell down by 3%, Cardano fell down by 9%, Avalanche fell down by 2%, Sui fell down by 1%, and Chainlink fell down by 1%, but TRON shifted up 3%. Elsewhere, Zcash shifted down by 9%.
The memecoins have also declined in recent trading. For instance, Dogecoin moved down 4%, Shiba Inu moved down 5%, and Pepecoin moved down 9%.
The Metaverse sector similarly witnessed some notable movements over the past week. For instance, Axie Infinity moved down 12%, The Sandbox moved down 5%, and Floki moved down 1%. Meanwhile, Decentraland shifted down 6%, Render shifted up 2%, and ApeCoin shifted down 8%. MultiversX decreased by 6%, while Virtuals decreased by 8%. Meanwhile, Stacks increased by 1%.
The DeFi sector added over $1.5 billion to the total value locked in protocols (TVL), bringing the total to about $95.92 billion.
What’s in the News?
Kraken has secured access to a limited-purpose master account from the US Federal Reserve Bank of Kansas.
Next Week’s Crypto Market Forecast
The cryptocurrency market has been far from its top form, which occurred less than six months ago. Most cryptocurrencies have lost almost 50% of their value since then, with BTC, ETH, and XRP failing to meet investors’ expectations. Hopefully, the trend will reverse soon. However, the ongoing international turmoil will take its toll on the cryptocurrency sector and beyond.
About the Author
Born and raised in Romania, and currently living in Spain, Iulian discovered a knack for writing from a tender age, and he even won some minor awards for fiction that didn't pay much.
Iulian became a content writer in 2011, and he is still doing it to some degree of success today. He is currently specialized in cryptocurrencies, technology, online marketing, and social media. In his free time, Iulian likes reading, traveling, and watching sports.
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