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Bitcoin price is struggling today, despite the bullishness and greed in the crypto market. It hit multiple ATHs in the last few days, but the BTC price crashed 5% today due to investors’ changing sentiments. Notably, this is expected to some extent, as the token reached such a high milestone of $123k, which has never
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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 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!
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.
While the majority of cryptocurrencies traded in the red, a few outliers posted gains:
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Bitcoin is currently priced at $88,331.21, reflecting a 4.42% decline in 24 hours.
SUI, CRO, and LEO recorded the highest gains today.
The Fear & Greed Index has dropped to 30 (Fear), indicating cautious investor sentiment.
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 emergence of fractional ownership of real-world assets represents a turning point in investment paradigms. This shift has had a pronounced impact on Gen Z and new investors, who face distinct economic challenges. Young people struggle with significant student loan debt or face the risk of lower initial earnings. Over 40% of Americans under 30
The post Why Blockchain Should Be the Backbone of Fractional Asset Ownership Models appeared first on CoinGape.
Onyxcoin (XCN) has faced challenges in the past month, with its price largely stagnating. The lack of bullish movement is likely a result of opposing forces—investor behavior and market conditions—acting on the cryptocurrency.
However, there is some positive news surrounding the upcoming OIP-56 proposal, which will bring gas-free voting for the users. This could act as a trigger for XCN price rise.
The NVT (Network Value to Transactions) ratio for Onyxcoin is currently at a five-month high, which indicates a sharp rise in network valuation relative to transaction activity. This spike signals a potential overvaluation of XCN, as the network’s actual transaction activity is not keeping pace with its valuation.
This discrepancy can create a sense of inflated value, which historically points to a price correction. With the NVT ratio showing a disconnect between price and real-world usage, Onyxcoin could experience increased selling pressure if investors start to realize the overvaluation.
Despite the signs of overvaluation, Onyxcoin is not facing significant bearish momentum, as shown by its Relative Strength Index (RSI). Currently, the RSI is sitting above the neutral 50.0 mark, indicating that, although the market is less favorable, XCN is still in a positive price zone.
The RSI’s position suggests that Onyxcoin could remain relatively stable or even experience some upward momentum. If the broader market conditions improve or if OIP-56 succeeds in providing further utility to the network, the price may have the potential to recover.
Onyxcoin’s price is currently trading at $0.0180, consolidating between $0.0214 and $0.0165. The lack of bullish momentum in the past few weeks has kept the price from rising above $0.0214, reflecting market hesitation.
Given the mixed signals from both market sentiment and technical indicators, Onyxcoin’s price may continue to consolidate in this range for the time being.
This consolidation phase is likely to continue unless a significant catalyst pushes the price in one direction. If market conditions worsen, Onyxcoin could face a drop below the $0.0165 level, possibly falling to $0.0150.
This would further validate concerns about the cryptocurrency’s overvaluation and could signal a deeper correction in its price.
However, if Onyxcoin’s price begins to align with investor behavior and bullish momentum, it could break past the $0.0214 resistance. This would pave the way for a potential rise to $0.0237 and eventually towards $0.0300.
A successful breach of these levels would invalidate the current bearish outlook, indicating a stronger uptrend for Onyxcoin in the near future.
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