Ethereum Price Forecast: Pullback Sparks Bullish Sentiment and Whale Action

In line with President Donald Trump’s vision to turn America into a crypto capital, he has asserted the country’s dominance over China in digital assets. Amid the US-China trade deal tensions, Trump claimed, “We’re leading China in crypto.”

Notably, this critical statement comes amid the US’s increasing efforts to establish Bitcoin as a national reserve. This revelation takes the US-China rivalry to a new level, with the focus shifting from trade wars to crypto supremacy.

US Takes Crypto Lead Over China, Says Donald Trump

Reportedly, the US holds around 198,012 BTC ($20.56 billion), primarily acquired through seizures related to cybercrime and enforcement actions. China closely follows, boasting a total of almost 190,000 BTC worth around $19.7 billion.

Crypto commentator Altcoin Gordon was among the first to report Donald Trump’s critical statement on the US’s crypto dominance over China.

It is noteworthy that the US and China are approaching Bitcoin dominance differently. While the US through strategic acquisitions and seizures, China leverages its control over the underlying tech infrastructure.

Focus Shifts from Trade Deal to Crypto Dominance

Significantly, all eyes have been on the US-China trade war over the past few weeks. The crypto market has been substantially impacted by the escalating tensions between the two countries. Although the market experienced a major correction following Trump’s tariff announcement, crypto prices rebounded with the recent easing plan.

Now, the anxiety concentrates on another major concern that aligns with Donald Trump’s “crypto capital” vision. With the country’s existing crypto holdings, the government is planning to adopt a Bitcoin reserve. Meanwhile, China is also actively exploring the possibilities of embracing a BTC reserve.

How Did Crypto Market Respond to Donald Trump’s Revelation?

The crypto market has been experiencing a wild ride over the past week, with key tokens facing severe fluctuations. In addition to the growing anxiety surrounding the US-China trade deal, the US-UK agreement has also contributed to the crypto market’s recent movements.

Despite its notable correction yesterday, the market rebounded today to reach $3.34 trillion. Following Trump’s statement on the US dominance in crypto holdings over China, the crypto market saw a marginal 0.7% increase.

The post Just-In: Donald Trump Claims US Way Ahead Of China In Crypto appeared first on CoinGape.

The crypto market today continues to spark investor uncertainty, showcasing riveting movements. Bitcoin (BTC) price stagnates around $85K as the week comes to an end, whereas altcoins mimic a volatile trajectory. Even meme coins hovered into the red zone on Saturday. However, Ethena defied the broader market trend and pumped remarkably.

Crypto Market Today: BTC, ETH, SOL, & XRP Face Turbulence

The global crypto market lost nearly 1%, as indicated by a diminishing market cap of $2.82 trillion. Further, the global trading volume was also down by 9.5%, signaling investor insecurity.

BTC and altcoins tanked considerably over the day, igniting market concerns despite the recent U.S. Bitcoin reserve and crypto stockpile announcement. Moreover, despite President Donald Trump conducting a crypto summit recently, the market has yet to pump

BTC Wanes To $85K

BTC price witnessed a 1.5% decline in the past 24 hours and exchanged hands at $85,939. The flagship coin bottomed and peaked at $85,247 and $91,070 intraday. Bitcoin’s dipping action aligns with $298.7 million liquidated in the BTC market over the past day, per Coinglass data. Also, the flagship crypto’s market dominance fell by 0.08% to 60.27% today, indicating altcoins are relatively in relief.

ETH Price Slips Marginally

ETH price witnessed a slight dip of 0.5% in the past 24 hours and closed in at $2,1147. The coin hit a low and a peak of $2,107.73 and $2,254.23 intraday. Ethereum’s dip falls in line with $57.14 million liquidated in the past 24 hours. Also, ETH’s dominance remained at 9.1% today.

XRP Price Loses 5%

XRP price witnessed a 5% decline in value and exchanged hands at $2.36. Ripple’s coin bottomed and peaked at $2.33 and $2.56 in the past 24 hours. Notably, Coinglass data indicated that XRP recorded $18.96 million worth of liquidations over the day. Meanwhile, Ripple whales moved 180 million coins, sparking speculation among market participants.

SOL Price Slips 1%

As of press time, SOL price witnessed a 1% decline and exchanged hands at $140.24. The coin bottomed and peaked at $137.87 and $150.02 in the past 24 hours. Solana’s slight dip aligns with $18.02 million worth of liquidations over the past day.

Meme Crypto Market Enters The Red Zone

Dogecoin (DOGE) price cracked marginally intraday and exchanged hands at $0.1982. Shiba Inu (SHIB) price followed, losing 1% and resting at $0.00001306. Nevertheless, Pepe Coin (PEPE) price witnessed a 3% uptick to reach $0.000006931, defying the broader market trend.

Top Gainers In The Crypto Market Today

Ethena (ENA)

Price: $0.4388
24-Hour Gains: +17%

Litecoin (LTC)

Price: $106.15
24-Hour Gains: +5%

Decentraland (MANA)

Price: $0.2921
24-Hour Gains: +5%

Top Losers In The Crypto Market Today

Kaspa (KAS)

Price: $0.06757
24-Hour Loss: -8%

Quant (QNT)

Price: $76.82
24-Hour Loss: -7%

Jito (JTO)

Price: $2.48
24-Hour Loss: -7%

In conclusion, the crypto market has kept investors on their toes despite pro-cryptocurrency advancements in the U.S. A crypto summit, crypto stockpile, and strategic Bitcoin reserve have failed to uplift the market momentum.

The post Crypto Market Today (Mar 8): BTC At $85K, Altcoins Show Volatility, & ENA Jumps 17% appeared first on CoinGape.