Bitcoin Climbs Back Above $80,000 After Rollercoaster Week
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- The crypto market ends the week at a total market capitalization of $2.71 trillion.
- Bitcoin dropped to around $82,000 after a 2% decrease.
- Ethereum is down by over 11% to trade at around $1,900.
- Cardano is down by 9%, Solana by 5%, and Dogecoin by 8%.
- Almost all altcoins are trading in the red, with very few exceptions.
- The DeFi sector decreased the total value of protocols (TVL) to around $91 billion.
Crypto Trends 10 – 16 Mar 2025: Market Analysis and Performance
The crypto market ends another disappointing week that saw most cryptocurrencies lose precious value. The period was dominated by the bears, with a few ego-hurt recoveries made by the bulls. However, many crypto assets failed to stabilize, and they can only hope to put this week behind them as soon as possible. Meanwhile, the market capitalization decreased by over $70 billion, dropping further below the hard-earned $3 trillion threshold.
Bitcoin lost another 2% for the second week in a row. The most popular cryptocurrency in the world had a terrible week, falling as low as $76,900 at one point. That drop represents the lowest BTC has been in over four months. Fortunately, the bulls helped it regain a bit as the weekend approached. Bitcoin is trading again above $80,000 and trying to withhold the $82k level.
Ethereum had another sour and sorry week. The second crypto in command lost over 11% over the past seven days. This drop took it way below the $2k level, showing the desperate situation even the most popular altcoin has to experience nowadays.
Altcoins & DeFi
Most altcoins are trading in the red, with almost no exceptions. For example, XRP is up by 3%, and BNB is up by 4%. However, these two are the only notable value boosts in an otherwise dreadful week for the crypto market.
Elsewhere, Solana is down by 5%, Cardano by 9%, Chainlink by 7%, Avalanche by 6%, Stellar by 2%, Litecoin by 9%, and Sui by 6%.
The memecoins are not faring better either. For instance, Dogecoin is down by 8%. However, Shiba Inu is up by 3% and Pepecoin by 9%.
The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is down by 3%, Render by 5%, and Stacks by 7%. Moreover, The Sandbox decreased by 3%, Decentraland by 2%, and Floki by 6%.
The DeFi sector lost over $4 billion from the total value of locked protocols (TVL), which is now $90.80 billion.
Crypto Market Analysis – What’s in the News?
- The U.S. Securities and Exchange Commission (SEC) is allegedly considering classifying XRP as a commodity. The rumor sparked another value rise for Ripple’s cryptocurrency.
- The largest UAE-based investment firm, MGX, announced a record-setting investment of $2 billion in Binance.
Next Week’s Crypto Market Forecast
The crypto market gives its participants very few reasons to celebrate nowadays. The overwhelmingly negative sentiment keeps big investors at bay. Meanwhile, it is a ripe time for long-term speculator practices to come into effect. Hopefully, the trend will reverse starting next week.
More By This Author:
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Ethereum Price Consolidates And Eyes Recovery - Is A Bounce Incoming?
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