{"id":51187,"date":"2025-03-11T10:31:14","date_gmt":"2025-03-11T10:31:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51187"},"modified":"2025-03-11T10:31:14","modified_gmt":"2025-03-11T10:31:14","slug":"bitcoin-bounces-back-from-the-77k-crash-ethereum-plummets-to-a-17-month-low-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51187","title":{"rendered":"Bitcoin Bounces Back From the $77K Crash, Ethereum Plummets to a 17-Month Low (Market Watch)"},"content":{"rendered":"

Over the past 24 hours, the cryptocurrency market endured another period of enhanced volatility and instability. <\/span>Bitcoin (BTC)<\/span>, for one,<\/span> tanked to a four-month low of under $77,000.<\/span><\/p>\n

The altcoins have suffered even more substantial losses. Ethereum (ETH) temporarily slipped below $1,800 for the first time since October 2023, whereas its market cap tumbled to $221 billion.<\/span><\/p>\n

BTC Overcomes the Latest Dip<\/span><\/h2>\n

The primary cryptocurrency recorded a brief price increase to almost $84,000 on March 10, but the bears quickly retook control <\/span>again<\/span>. <\/span>In the following hours,<\/span> they suppressed the valuation to as low as $76,700.<\/span> It is worth mentioning that <\/span>this level was last witnessed<\/span> in November 2024.
\n<\/span><\/p>\n

As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a>, the market\u2019s decline negatively affected traders who have opened long positions with high leverage. The liquidations on a 24-hour scale reached almost $1 billion, with BTC trades accounting for over 30% of the total figure.<\/span><\/p>\n

In the past few hours, though, the bulls <\/span>stepped in to stop<\/span> the freefall. <\/span>The asset\u2019s price climbed to $81,500 <\/span>where<\/span> it<\/span> stands<\/span> at the moment of this writing.<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

BTC\u2019s market capitalization is around $1.6 trillion, while its dominance against the alternative coins has risen to 58.9%.\u00a0<\/span><\/p>\n

ETH Leads the Altcoin Crash<\/span><\/h2>\n

The situation with some of BTC\u2019s rivals is even worse. The second-biggest cryptocurrency \u2013 Ethereum (ETH) \u2013 plummeted<\/a> to a 17-month low of $1,790 before slightly recovering to the current $1,900. Still, this represents a 10% price decrease <\/span>on a daily basis<\/span>.<\/span><\/p>\n

Ripple (XRP), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Pi Network (PI), and many more altcoins have also entered <\/span>red<\/span> territory, albeit seeing less substantial losses than ETH.\u00a0<\/span><\/p>\n

The very few top 100 cryptocurrencies that have headed north in the past 24 hours include Story (IP), Movement (MOVE), MANTRA (OM), and Mantle (MNT).<\/span><\/p>\n

The total cryptocurrency market capitalization currently stands at roughly $2.75 trillion, representing a 2.5% drop for the day.<\/span><\/p>\n

<\/a>Crypto Heatmap, Source: QuantifyCrypto<\/p>\n

\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

The post Bitcoin Bounces Back From the $77K Crash, Ethereum Plummets to a 17-Month Low (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Over the past 24 hours, the cryptocurrency market endured another period of enhanced volatility and instability. Bitcoin (BTC), for one, tanked to a four-month low of under $77,000. The altcoins have suffered even more substantial losses. Ethereum (ETH) temporarily slipped below $1,800 for the first time since October 2023, whereas its market cap tumbled to […]<\/p>\n","protected":false},"author":0,"featured_media":51188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51187"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51187"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/51188"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}