72% of Cryptos in the Red as Bitcoin and Ether Struggle

Over the past 24 hours, global crypto trade volume has amounted to $47.63 billion, marking a 34.65% decrease from the previous day. Bitcoin (BTC) has fallen 1.67% after hitting $82,397 around 7:30 a.m. Eastern Time on March 16.

BTC/USD via Bitstamp 1H chart on March 16, 2025.

Ethereum (ETH) has dropped 2.45%, while cardano (ADA) leads losses among the top ten assets, shedding 4.7%. Meanwhile, XRP is down 4.6%, and DOGE has declined by 3.3% over the same period.

ETH/USD via Bitstamp 1H chart on March 16, 2025.

Bitcoin currently commands 60.8% of the total $2.69 trillion market, with a capitalization of approximately $1.63 trillion. Ethereum holds an 8.4% share, bringing its valuation to $226 billion.

Nearly 72% of all cryptocurrencies are in negative territory today. WEMIX has recorded the steepest loss, falling 8.73% against the U.S. dollar. SNEK has also dropped 8.73%, while TRAC is down 8.67%, KAITO has fallen 8.41%, and both RON and HYPE have lost 7.6% and 6.57%, respectively.

So far on Sunday, $159.57 million in derivatives positions have been liquidated, with long bets accounting for $112.45 million of that total. Among these, $28.53 million in bitcoin longs and $25.75 million in ether longs were erased.

As of 7:30 a.m., data from coinglass.com reveals that 81,840 traders have been liquidated across the crypto derivatives market. Despite the widespread downturn, tokens within the TON ecosystem have seen an uptick following the return of Pavel Durov’s passport by French authorities on March 15.

Notcoin (NOT) has surged 15.07%, while TON has gained 14.69% in the wake of the passport development. Nevertheless, the broader crypto market remains in a bearish state, prompting a heightened sense of caution among market participants.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。