![Why Is Crypto Crashing Today [Live] Updates](https://image.coinpedia.org/wp-content/uploads/2026/02/23165659/Why-Is-Crypto-Crashing-Today-Live-Updates-1-1.webp)
Based on the 30-day Market Value to Realized Value (MVRV) Ratio, Ethereum (ETH) is mildly undervalued at -5.5%. Bitcoin (BTC), XRP (XRP), and Chainlink (LINK) remain neutral at -1.4%, -0.1%, and +3.3%, respectively. By contrast, Cardano (ADA) is mildly overvalued, with an MVRV ratio of +6.8%.
Source: Santiment
The past day has seen an upward trend reversal in the broader cryptocurrency ecosystem, despite recent bearish momentum and sentiment.
Data shows that the average Moving Average Convergence Divergence (MACD) indicator has slightly surpassed its 9-day average, indicating a weak bullish momentum reversal.
BTC was up 7.78% in the past day to trade at $69,050 as ETH gained 13.31% to reclaim its $2,000 psychological level. Meanwhile, XRP and LINK gained +9.37% and 16.07%, respectively. Uniquely, Cardano has experienced a striking 20.07% upsurge to trade at $0.3115.
Source: CoinMarketCap
Tech company Nvidia recently reported record-breaking earnings driven by demand in artificial intelligence (AI). Due to the strong correlation (98%) of crypto with the S&P 500, the news fueled renewed risk appetite in investors of both stocks and crypto.
Capital rotation from BTC to altcoins has contributed to their recent rallies as investors seek higher returns from riskier assets. Bitcoin dominance is now at 58-60%, while the Altcoin Season Index reads 34/100, indicating a mixed market for Bitcoin and Altcoins.
This week, Bitcoin ETFs saw $257.7M in net inflows, effectively ending a five-week outflow streak.
At press time, the overall crypto market cap totaled $2.38 trillion, having gained 7.50% in the last 24hours.
Should the current rally hold, the crypto market could test the $2.59T (50% Fibonacci) level. Falling below $2.35T (78.6% Fib) would indicate a loss in momentum, validating a weak bullish theory.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
WLFI price is under sharp pressure today, with the token dropping over 16% in the…
The entire crypto market declined over the past 24 hours, with the Solana price plunging…
Bitcoin is trading near $76,000 after recent selling pressure, while big investors continue to show…
The Tron price prediction gained a new signal this week after Tether froze $344 million…
Canada’s Alberta Investment Management Corporation (AIMCo), a $142 billion sovereign wealth fund, has disclosed a…
Fresh excitement around Ripple and the Depository Trust & Clearing Corporation (DTCC) picked up after…
