Crypto Price Today (07th March, 2025): Bitcoin Price Drops to $89k Ahead of Crypto Summit?

Monicah W

Crypto Price Today

The post Crypto Price Today (07th March, 2025): Bitcoin Price Drops to $89k Ahead of Crypto Summit? appeared first on Coinpedia Fintech News

The crypto market has bogged down after a bullish move just yesterday. As a result, the market capitalisation of the business now stands at $2.89 trillion. However, seasoned traders seized the opportunity, which led to the intraday trading volume surging by 10.07% to $129.65 billion. The drop coming ahead of pivotal events like Trump signing the executive order, Powell’s speech, U.S. jobs report, and Federal Reserve’s Monetary Policy Report has been a bummer for the industry. This has influenced the Fear & Greed Index to remain under the fear territory and a score of 30.

Bitcoin Price Recorrects to $88k

Bitcoin price has dropped by 4.42% in the past 24 hours to trade at $88,331.21. The $58.51 billion worth of trade volumes did little to push the flagship cryptocurrency’s price on the daily chart. BTC price did not react to Donald Trump signing an executive order to establish a Bitcoin reserve, which intends to position Bitcoin in line with traditional gold reserves.

Explore our in-depth Bitcoin Price Prediction 2025, 2026-2030 for insights on BTC’s next big move!

Altcoin Season Far from Reality?

As per Coin Market Cap’s “Altcoin Season Index”, the current score stands at 14 out of 100, indicating that the market remains in Bitcoin season. Leading altcoins experienced a broad decline, with Ethereum down 6.26% to $2170.17, XRP dropping 1.54% to $2.50, and Solana sliding 5% to $142.48.

Check out our XRP Price Prediction 2025, 2026-2030 to understand XRP’s price trajectory.

Top Gainers & Losers

While the majority of cryptocurrencies traded in the red, a few outliers posted gains: 

Top Gainers:

  • SUI: $2.76 (+3.08%)
  • CRO: $0.08641 (+2.01%)
  • LEO: $9.92 (+0.03%)

Top Losers:

  • Sonic: $0.5264 (-14.31%)
  • AAVE: $208.43 (-12.37%)
  • ONDO: $1.04 (-12.29%)

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FAQs

1. How much does 1 BTC cost today?

Bitcoin is currently priced at $88,331.21, reflecting a 4.42% decline in 24 hours.

2. Which cryptocurrencies gained the most today?

SUI, CRO, and LEO recorded the highest gains today.

3. What is the market sentiment today?

The Fear & Greed Index has dropped to 30 (Fear), indicating cautious investor sentiment.

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What’s Next for Crypto After Ripple, Coinbase Dismissals? Incoming SEC Chair Paul Atkins Speaks

The post What’s Next for Crypto After Ripple, Coinbase Dismissals? Incoming SEC Chair Paul Atkins Speaks appeared first on Coinpedia Fintech News

Paul Atkins, President Donald Trump’s nominee to lead the U.S. Securities and Exchange Commission (SEC), recently addressed the Senate Banking Committee on March 27, calling for a clear and supportive framework for the cryptocurrency market.

He said, “Since 2017, as I have led industry efforts to develop best practices for the digital asset industry, I have seen how ambiguous and non-existent regulations for digital assets create uncertainty in the market and inhibit innovation.”

Atkins said that a top priority of his chairmanship will be to work with his fellow commissioners and Congress to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach.

He criticized outdated rules that block innovation and said vague policies have undermined investor confidence. Atkins vowed to create a framework that encourages growth, technology, and investor protection, aligning with Trump’s vision for global leadership in digital assets.

“It is time for the SEC to return to its core mission that Congress set out for it: investor protection; fair, orderly, and efficient markets; and capital formation,” he added.

Atkins, a former SEC commissioner and current CEO of Patomak Global Partners, opened up about the need for regulatory clarity in the rapidly growing digital asset space.

“I am eager to get to work for American markets and investors. Should I be confirmed, my goal will be to ensure that the United States is the best and most secure place in the world to do business and for Americans to invest their hard-earned dollars to save and provide for their future,” he explained.

The post What’s Next for Crypto After Ripple, Coinbase Dismissals? Incoming SEC Chair Paul Atkins Speaks appeared first on Coinpedia Fintech News
Paul Atkins, President Donald Trump’s nominee to lead the U.S. Securities and Exchange Commission (SEC), recently addressed the Senate Banking Committee on March 27, calling for a clear and supportive framework for the cryptocurrency market. He said, “Since 2017, as I have led industry efforts to develop best practices for the digital asset industry, I …

Raoul Pal Explains Why Israel Iran Tensions Is Unlikely To Impact Bitcoin

Bitcoin (BTC) remains on track for more gains despite rising tensions between Israel and Iran, according to macro investor Raoul Pal. In a post shared recently, Pal argued that global liquidity explains most of Bitcoin’s price moves. Bitcoin Ignores Geopolitical Tensions, Follows Liquidity Instead The popular macro investor shared a chart that compared Bitcoin with

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XRP Lawsuit: Ripple Mentions SEC’s Appeal Withdrawal in Q1 Report Despite Agency’s Silence

XRP Lawsuit: Ripple Mentions SEC's Appeal Withdrawal in Q1 Report Despite Agency's Silence

Ripple’s Q1 report has sparked fresh intrigue in the ongoing XRP lawsuit, with the crypto firm explicitly mentioning the SEC’s appeal withdrawal. This claim has drawn particular attention because the SEC has not yet publicly confirmed withdrawing its appeal in the Ripple case.

With the SEC’s formal stance still unclear, Ripple’s report has only added to the uncertainty surrounding the lawsuit’s outcome and XRP’s future. This article studies Ripple’s Q1 report, focusing on the XRP lawsuit and understanding its potential implications on the ongoing case.

SEC Withdrew XRP Lawsuit Appeal, Says Ripple in Q1 Report

As highlighted by XRP lawyer Bill Morgan, Ripple has explicitly stated for the first time that the US Securities and Exchange Commission (SEC) has withdrawn its appeal in the prolonged lawsuit. The report mentioned,

In Q1, the SEC informed Ripple of its intent to withdraw its appeal – a clear victory for both Ripple and the broader crypto industry…the SEC agreed to reduce the proposed penalty from $125M to $50M – and request the court vacate the injunction, pending SEC Commission approval. This outcome reaffirmed what had been clear from day one: the facts and the law were on Ripple’s side.

Significantly, the report predicts XRP’s potential growth driven by increasing institutional interest and a positive Ripple case outcome.

XRP Lawyer Spots Discrepancy in Ripple’s Q1 Report

Highlighting the US SEC’s silence, Bill Morgan questioned Ripple’s claim that the SEC has withdrawn its appeal in the XRP lawsuit. While Ripple reveals the SEC’s move despite the agency’s official confirmation, Morgan underscored the discrepancy in the Q1 report.

Notably, Morgan points out that, to his knowledge, the SEC commissioners haven’t voted on the matter yet. Despite the Court of Appeals granting a joint motion to pause the appeal, the SEC has yet to officially confirm the withdrawal of its appeal. This suggests a potential inconsistency between Ripple’s statement and the actual status of the SEC’s appeal.

The post XRP Lawsuit: Ripple Mentions SEC’s Appeal Withdrawal in Q1 Report Despite Agency’s Silence appeared first on CoinGape.