Crypto Resilience: Signs of Strength Amid Market Volatility
The cryptocurrency market experienced a significant downturn, with the total market capitalization stabilizing at $2.78 trillion after a 6.7% drop.
Bitcoin fell 6% to just above $85,000, and Ethereum decreased by 7.5% to around $2,100, while most altcoins also saw substantial losses, triggered by investor concerns over U.S. tariff policies and the establishment of a strategic crypto reserve.
Trading volumes remained high, with Tether, Bitcoin, and Ethereum leading. However, a few cryptocurrencies, like AAVE and DEXE, managed to post gains, and signs of potential recovery emerged, suggesting a possible shift towards a more optimistic market outlook within the next few hours.
Clever Robot News Desk 5th March 2025
