On Thursday, the cryptocurrency market was largely subdued.
Bitcoin was trading below $85K, and other coins such as XRP or ETH were also showing a muted price movement.
Global cryptocurrency market capitalization is now $2.66 trillion. This represents a 0.29% decrease over the last 24 hours.
The total market volume for the same time period was $71.13 Billion, which is a decrease of 1.24%.
Market sentiment remains cautious in the face of ongoing tariff uncertainty.
Investors are still unsure about the timing and extent of any new trade restrictions.
Crypto’s Q1 is subdued
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CoinGecko’s Q1 Crypto Industry Report reveals that the cryptocurrency market cap dropped by 18.6% during the first quarter. This erased $633.5 Billion after it peaked on January 18 – just before US President Donald Trump’s inauguration.
This decline in trading volume was also matched by the 27.3% drop quarter-onquarter.
Bitcoin’s market share increased, but its price fell by 11.8% during the same time period.
Gold and US Treasuries underperformed the asset for the quarter.
Today’s Bitcoin (BTC), price
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Bitcoin was trading at $84,688.03, an increase of 0.39% over the last 24 hours.
The 24-hour range of the coin is between $83,314 to $85,428.28.
Bitcoin market dominance has dropped 0.05% since the previous day to 63.11%.
Bitcoin’s recent slump coincided with a withdrawal of $171 million from Bitcoin ETFs.
Data from Farside shows that the selling halted the positive week-start, which saw ETFs add $1.5 million Monday, and $76.4 millions on Tuesday.
In the past, ETF withdrawals at times of price increases have often preceded significant drops in Bitcoin’s price.
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Ethereum is down about 0.5% at $1,587.21.
The low and the high intraday were respectively $1,540.03 e $1,609.55.
Yesterday, Spot Ether exchange-traded funds saw another 12 million dollars in withdrawals. This marks seven consecutive days of negative flow.
Today’s XRP/SOL prices
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The XRP rate was lower by a more dramatic 1.4%. It traded at $2.07, after reaching an intraday high of $2.12 and a low of just $2.06.
Solana’s (SOL), price traded over 4% above the current market average at $133.72.
It was the token that grew the most amongst the 10 top cryptocurrencies ranked by their market capital.
Crypto gainers and losers
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Onyxcoin’s (XCN), with a jump of 14.02% to $0.01914 and Helium’s (HNT) 9.92% increase to $3.56, led the gains.
Render (RENDER), which is a derivative of Hyperliquid, rose 4.93% at $16.61 while the price of hyperliquid increased by 7.09%.
MANTRA (OM), which is trading at $0.6355 now, has dropped by 19.40% over the past 24 hours. AB (AB) also fell 13.54 percent to $0.01040. The Movement (MOVE), now at $0.2313, has fallen 8.99% in the last 24 hours.
Fartcoin, or FARTCOIN, fell 7.76%, to $0.8651. JasmyCoin, also known as JASMY, lost 5.05% and is currently trading at $0.01348.
The Walrus stock (WAL), which is currently trading at $0.4058, has also gained 5.81%.
