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Shrishesh Tanksalkar
Shrishesh Tanksalkar
Author
- Feb 28, 2025 07:01 UTC
-
What’s Happening With Crypto: Bitcoin & Ethereum Price Crash!
Fear & Greed Index goes all the way to 21, as the market trembles in fear.
Bitcoin takes a nose dive to $79,898 as traders panic sell.
Over $714 million wiped out from the business in 24 hours.
The crypto market crash has burnt the pockets of investors and traders by a significant extent. This has resulted in the market cap sinking by 6.15% to $2.64 trillion. The fall was mainly catalyzed by Donald Trump’s proposed tariffs and the global trade war. Amidst the turn of events, $714 Million was wiped out of the market. The ongoing concerns have led to traders monitoring Bitcoin’s CME gap between $77k and $81k, as BTC could potentially test these levels. Coming to the Fear & Greed Index, the metric is now cautioning fear with a score of 21.
Bitcoin Price Plunges to $79k
Bitcoin price has plunged by 6.40% in the past 24 hours, now changing hands at $79,898.36. This marks a significant year-to-date decline of 14.69%. However, BTC’s 24-hour trading volume has increased by 3.83% to $69.36 billion, suggesting traders buying the dip.
Read our Bitcoin Price Prediction 2025, 2026-2030, to understand BTC’s potential recovery path.
Altcoin Watch: ETH Suffers the Highest?
Ethereum is among the worst-hit altcoins, bearing a 9.52% decline to $2,112.61 in a single day. Solana and XRP have also witnessed steep corrections, dropping 8.52% and 8.47%, respectively..
For a peek into ETH price trajectory, check out our Ethereum Price Prediction 2025, 2026-2030.
Top Gainers
Despite the overall market slump, a few tokens managed to stay in the green.
- BERA: Up 3.18% to $7.74
- LEO: Up 1.49% to $9.22
Top Losers
- TAO: Down 17.15% to $301.42
- VIRTUAL: Down 16.08% to $0.9861
- STORY IP: Down 15.66% to $5.54
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FAQs
TAO, VIRTUAL, and STORY IP have been the biggest losers, with declines exceeding 15%.
The Fear & Greed Index is at 21, indicating strong investor fear amid the ongoing market downturn.
Yes, Bitcoin will recover, as the market sentiments settle from being fearful. And the current dip makes it a good investment both for short and long term.
Yes 
No 
