Crypto Market Hits $2.97T as Bitcoin Gains Dominance While Altcoins See Mixed Trends
As March started, the crypto sector witnessed steady growth. As per Zendon’s data, diverse well-known crypto assets have seen mixed sentiment, while the overall crypto market cap has reached $2.97T after a 0.17% increase. Additionally, the spot volume has experienced a 7.85% dip over the past 24 hours.
📈 Market Overview
While $BTC keeps above $85K, some dinocoins are gaining momentum, with $XLM (+9%), $MKR (+6%), and $ALGO (+5%), while others struggle, extending their decline.
The market awaits the new week to set its course. Meanwhile, it’s a perfect day to enjoy the beginning…
In line with the market data, Bitcoin ($BTC) has recorded slight growth both in its price and market dominance. However, Ethereum’s price and market dominance show a decline. Zendon has shared this report through his official X account.
Bitcoin’s Market Dominance Increases to 57.28% while Price Reaches $85,857
Zendon’s latest crypto market overview discloses a 0.02% spike in Bitcoin’s market dominance. This rise has placed the respective figure at 57.28%. In addition to this, the price of Bitcoin has seen a 0.19% jump to attain the $85,857 mark over the last 24 hours. On the other hand, Ethereum’s market dominance has reached 9.04 following a 1.30% decrease. Apart from that, its price currently stands at $2,228 after a 1.14% plunge.
$XRP, $BNB, and $ADA Maintain Growth Whereas $SOL, $TRX Record Decline
Concurrently, the popular crypto assets like $XRP, $BNB, $SOL, $ADA, and $TRX have observed mixed market performance. $XRP has gained a notable upsurge of 3.55%, reaching $2.27 in terms of price. The price of $BNB has surged by 2.41% to touch the $609.26 mark while $SOL has dipped by 1.42% to reach $142.86. Along with that, $ADA’s price has gone through a 1.83% increase whereas $TRX has touched $0.233 after a 0.80% plunge. Moreover, the memecoins $DOGE and $SHIB recorded 0.29% and 2.52% price decreases.
$PSTAKE and $KAITO Lead Crypto Gainers with 43.8% and 14.3% Increases
The small-cap crypto gainers over the recent 24 hours include $PSTAKE, $DORA, $FORT, AURORA, and GHX. They have experienced 43.8%, 40.7%, 40.5%, 31.6%, and 24.5% price spikes respectively. Simultaneously, large-cap crypto gainers include $KAITO, $XLM, $HBAR, $GRASS, and $MKR. These crypto assets pocketed 14.3%, 9.22%, 8.24%, 7.09%, and 6.45% gains respectively.
FanTV, Figure, and Finisterra Labs Attain $8.5M, $200M, and $3.75M in Latest Funding Rounds
Zendon’s data also reveals the prominent funding rounds, taking into account FanTV, Figure, and Finisterra Labs. Particularly, FanTV obtained $8.5M while Figure and Finisterra Labs added $200M and $3.75M respectively. Nonetheless, the overall Fear and Greed Index stands at 26, indicating a slight “Fear.” Overall, the crypto market is making gradual growth amid mixed sentiment.
TRON Drops From $0.2490 to $0.2170: Does the Downtrend Reach Its Bottom?
Traders are closely monitoring TRON price movements to identify potential breakouts in the cryptocurrency market, which is still highly volatile. Last week, we saw a major shift in the price of TRON. First, it crashes, and then the upside breakout causes the price to surge rapidly. Can we expect the recent breakout to continue upwards, or will selling pressure cause prices to fall? In this article, we examine the recent price action, critical levels, and possible future movements. The TRON network’s development and increasing usage may also have an effect on market attitudes.
TRON Price Analysis for the Week
At 22:30 UTC on 24th February, the price broke out from an expanding triangle and formed a spike. The overbought condition at 07:00 UTC on Sunday, 23rd February, already indicated the overstressed market. The price at 02:00 UTC on 25th February showed that the overall market condition, indicated by RSI, suggested a reversal of the breakout or at least a pullback. At 03:30 UTC on 25th February, the price retested the breakout of the expanding triangle and formed a spike. The spike ended at 09:30 UTC on 25th February, and from there, it formed a channel.
Chart 1: Analysed by vallijat007, published on TradingView, March 1, 2025
The channel marked its low of $0.2170 at 04:30 UTC on 28th February. At 12:00 UTC on 25th February, the golden crossover of MACD pushed the price up, which helped in the formation of the channel after the spike phase. On 28th February at 01:30 UTC, RSI showed the oversold market condition, while at the same time, MACD showed a death cross, both of which contradicted each other. On 28th February at 09:00 UTC, a golden crossover appeared in MACD, and the oversold condition of RSI collaborated and supported the price to move in an upward direction.
The price broke out of the channel it had created at 15:00 UTC on 28th February. The price is currently travelling in a spike, which may form a channel, or it may reverse. If the channel is formed and the breakout is successful, the first target should be $0.2490. If it fails, then the first target should be the low, which is $0.2170. Traders and investors should keep in mind that with every price drop, someone is waiting to buy, and with every price increase, someone is ready to sell, so take a position wisely.
Concluding Words
The last week was good for the momentum traders; contrarian traders might be back and the market may be once again trading in the range if that’s the case, then remember the critical support and resistance level. The upcoming trading sessions are crucial for determining the future trend of TRON. If the price continues to rise, a channel could be seen. Nevertheless, failure to maintain the breakout could lead to a return to the recent low and a continuation of the downtrend. Investors should be cautious and keep an eye on market sentiment before making any trading decisions, given the ongoing changes in the TRON network. The monitoring of TRX adoption and ecosystem growth could provide additional information on broader market trends.
The post TRON Drops from $0.2490 to $0.2170: Does the Downtrend Reach its Bottom? appeared first on Coinfomania.
Market Update (2025-03-02)
The global cryptocurrency market cap now stands at $2.82T, up by 5.83% over the last day.
Bitcoin (BTC) has been trading between $84,334 and $86,590 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $85,881, up by 0.48%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include RED, BETA, and AMP, up by 50%, 30%, and 9%, respectively.
Market movers:
ETH: $2225.59 (-0.52%)
XRP: $2.2543 (+2.98%)
BNB: $607.55 (+1.97%)
SOL: $142.96 (-0.47%)
DOGE: $0.20614 (+0.03%)
ADA: $0.6622 (+2.40%)
TRX: $0.2328 (-1.65%)
TRUMP: $13.88 (+1.39%)
WBTC: $85716.98 (+0.48%)
XLM: $0.319 (+4.18%)
Ethereum Whales Dump Holdings – What’s Next for ETH After 440K Sell-Off?
Large Ethereum (ETH) investors, often called whales, are now panic selling as the altcoin continues falling. Whales have dumped 440,000 ETH worth over $1 billion in the past week, raising concerns about a more bearish outlook.
According to market analytics provider Lookonchain , whales recently intensified sales of Ethereum. These investors disposed of huge chunks of their ETH holdings after the altcoin’s price failed to hold crucial support levels.
As reported by Lookonchain, one wallet address, “0x07Fe…A26D,” deposited 10,000 ETH valued at $23.44 million to Binance over the last two days. This move signals potential preparation for further sales. Another wallet, “0xc725…839d,” sold 8,074 ETH worth approximately $19.63 million at an average price of $2,431.
According to crypto analyst Ali Martinez, whales have sold over 440,000 ETH collectively in the past week. This trend indicates a rising wave of panic selling among large holders amid heightened market volatility.
Market analysts have shared mixed opinions regarding Ethereum’s recent price action. Some have advised investors not to sell their ETH holdings, considering the 26% decline on the monthly chart.
Popular crypto analyst IncomeSharks pointed out that ETH is currently at the bottom of its range and within the accumulation zone. The analyst thinks this is a good moment to buy ETH before it returns to the top end of the range, above $4,000.
ETH price was trading at $2,348 at press time, down 4.9% in the last 24 hours. Despite the decline, investors’ interest in the altcoin is high, as indicated by the 18% surge in trading volume.
Ethereum’s price looks like it is reacting to the ongoing downtrend in the general market. Bitcoin (BTC), the leading digital asset, has failed to reclaim $100,000 in the past few weeks. Similarly, other top altcoins like Solana (SOL), XRP, Binance Coin (BNB), and TRON (TRX) are also in the red. The persistent price decline has even resulted in analysts forecasting that the altcoin season is ending.
The recent Bybit exchange hack over the past weekend has also contributed to Ethereum’s recent turbulence. As our previous news brief mentioned, the notorious Lazarus Group siphoned 401,346 ETH from Bybit via the hack. However, Bybit has been reported to have fully recovered the lost Ethereum in its reserve within 48-72 hours of the incident.
Meanwhile, outflows from the spot Ethereum Exchange-Traded Fund (ETF) have increased steadily in recent weeks. On Wednesday, the ETFs saw total outflows reaching $94.3 million, per data from Farside Investors. BlackRock’s ETHA recorded the highest outflow at $69.8 million.
Crypto analyst Honey has predicted that Ethereum is ready for a dramatic price surge in the coming months. In our last update, the analyst said ETH could easily hit $3,500 in the short term and $6,000 in the long run.
TRON 社群媒體數據
過去 24 小時,TRON 社群媒體情緒分數是 3.5,社群媒體上對 TRON 價格走勢偏向 看漲。TRON 社群媒體得分是 37,177,在所有加密貨幣中排名第 114。
根據 LunarCrush 統計,過去 24 小時,社群媒體共提及加密貨幣 1,058,120 次,其中 TRON 被提及次數佔比 0.02%,在所有加密貨幣中排名第 103。
過去 24 小時,共有 860 個獨立用戶談論了 TRON,總共提及 TRON 188 次,然而,與前一天相比,獨立用戶數 增加 了 9%,總提及次數減少。
Twitter 上,過去 24 小時共有 13 篇推文提及 TRON,其中 54% 看漲 TRON,0% 篇推文看跌 TRON,而 46% 則對 TRON 保持中立。
在 Reddit 上,最近 24 小時共有 33 篇貼文提到了 TRON,相比之前 24 小時總提及次數 增加 了 3%。
社群媒體資訊概況
3.5