Crypto market today: Bitcoin and Ethereum price drop, top gainers and losers on March 4, 2025

The cryptocurrency market experienced notable fluctuations on March 4, 2025, influenced by recent geopolitical events and economic policies. The global crypto market capitalization stood at approximately $2.76 trillion, reflecting a 10.54% decrease over the past 24 hours.

Top gainers in the crypto market today

Despite the overall market downturn, some cryptocurrencies managed to register gains:

• Cardano (ADA): ADA experienced a significant surge, increasing by nearly 60% over a 24-hour period. This rise is attributed to its inclusion in the U.S. Strategic Crypto Reserve, boosting investor confidence.

Top losers in the crypto market today

Several major cryptocurrencies faced substantial declines:

• Bitcoin (BTC): The leading cryptocurrency saw its price drop to $84,148.33, marking a 9.48% decline over the previous day. This downturn coincided with the implementation of new tariffs by the Trump administration on Canada, Mexico, and China, heightening global trade tensions.
• Ethereum (ETH): The second-largest cryptocurrency by market capitalization experienced a 13.91% decline, with its price standing at $2,103.06. Similar to Bitcoin, Ethereum's price surge following the Strategic Crypto Reserve announcement was short-lived, as market sentiments shifted due to broader economic concerns.
• Dogecoin (DOGE): This popular meme coin recorded a 15.14% decrease over the past 24 hours, with its price at $0.1931. The decline aligns with the overall bearish trend observed across major cryptocurrencies, influenced by recent policy changes and market reactions.
• Litecoin (LTC): LTC saw a 14.51% drop, trading at $104.80 at the time of writing. The cryptocurrency's performance mirrors the broader market decline, affected by geopolitical tensions and investor sentiment.
• Ripple (XRP): XRP experienced a 16.55% decrease, with its price at $2.34. Despite being included in the U.S. Strategic Crypto Reserve, XRP couldn't maintain its initial gains, reflecting the market's volatility.
• Solana (SOL): SOL, also part of the Strategic Crypto Reserve, initially saw a price surge following the announcement. However, these gains were not sustained, and the token's value declined as the market corrected.

Bitcoin (BTC)

Bitcoin's price dropped to $84,148.33, marking a 9.48% decline over the previous day. This downturn coincided with the implementation of new tariffs by the Trump administration on Canada, Mexico, and China, heightening global trade tensions.

Ethereum (ETH)

Ethereum experienced a 13.91% decline, with its price standing at $2,103.06. Similar to Bitcoin, Ethereum's price surge following the Strategic Crypto Reserve announcement was short-lived, as market sentiments shifted due to broader economic concerns.

Dogecoin (DOGE)

Dogecoin recorded a 15.14% decrease over the past 24 hours, with its price at $0.1931. The decline aligns with the overall bearish trend observed across major cryptocurrencies, influenced by recent policy changes and market reactions.

Litecoin (LTC)

Litecoin saw a 14.51% drop, trading at $104.80 at the time of writing. The cryptocurrency's performance mirrors the broader market decline, affected by geopolitical tensions and investor sentiment.

Ripple (XRP)

Ripple's XRP experienced a 16.55% decrease, with its price at $2.34. Despite being included in the U.S. Strategic Crypto Reserve, XRP couldn't maintain its initial gains, reflecting the market's volatility.

Solana (SOL)

Solana's SOL token, also part of the Strategic Crypto Reserve, initially saw a price surge following the announcement. However, these gains were not sustained, and the token's value declined as the market corrected.

Cardano (ADA)

Cardano's ADA token experienced a significant surge, increasing by nearly 60% over a 24-hour period. This rise is attributed to its inclusion in the U.S. Strategic Crypto Reserve, boosting investor confidence.

FAQs:

What caused Bitcoin’s price drop on March 4, 2025?
Bitcoin fell due to new U.S. tariffs affecting market sentiment and investor confidence.

Which cryptocurrency was the top gainer in the market today?
Cardano (ADA) surged nearly 60%, making it the highest-performing crypto of the day.