financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Bitcoin Recovers $7K Following Dump Below $80K, Ripple Gains 8% (Weekend Watch)
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bitcoin Recovers $7K Following Dump Below $80K, Ripple Gains 8% (Weekend Watch)
Mar 1, 2025 12:29 AM

Bitcoins continuous price slump finally came to a halt after the asset plunged to $78,000, and it has managed to recover about seven grand since then.

The altcoins are also well in the green today, with substantial gains from almost all of them.

BTC Rebounds $7K

It was a violent week, to say the least, for bitcoin and the entire crypto market. The primary digital asset challenged $100,000 the previous Friday but was quickly rejected after the hack against Bybit. The weekend was calmer, but the business week turned sour once again.

By Tuesday, bitcoin had lost over ten grand since the weekend and more than $13,000 since Friday in a price slump to $86,000. After a minor dead-cat bounce to $89,000, the bears returned with another leg down that drove BTC to $82,000 on Thursday.

The most painful decline came on Friday morning as the cryptocurrency plunged below $80,000 and all the way down to $78,200 (on Bitstamp), which became the newest three-month low and made February 2025 the worst in over a decade.

Alicia BakeryCMO - A really good agencyDid you like this market update?

This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! Many industry experts warned that the worst is yet to come and that BTC could drop to $70,000 over the weekend. However, that hasnt been the case so far. Just the opposite, BTC stands close to $85,000 after regaining $7,000 since yesterdays low.

Its market capitalization remains below $1.7 trillion, while its dominance over the alts is close to 58% on CG.

Alts in Recovery Mode

The alternative coins went through some massive crashes within the same timeframe but are well in the green on a daily scale now. Ethereum is above $2,200 after a 5% increase since yesterday, while BNB has neared $600 following a 4% surge.

Ripples native token defended the $2 level and is up to $2.17 now after gaining 8%. More impressive price increases come from SOL (10%), DOGE (9.5%), ADA (7.5%), SUI (9%), and XLM (15%).

HBAR, APT, BCH, ONDO, and TRUMP have also charted notable double-digit price gains since yesterday.

The total crypto market cap has recovered roughly $200 billion and is up to $2.9 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Metaplanet’s Bitcoin Stash Reaches $40.6 Million After Latest Purchase
Metaplanet’s Bitcoin Stash Reaches $40.6 Million After Latest Purchase
Oct 7, 2024
Tokyo-listed Bitcoin holder Metaplanet has purchased an additional 108.786 Bitcoin for 1 billion yen, reflecting its ongoing bullish stance on the crypto asset. The latest stash is worth around $6.7 million. Metaplanet Expands Bitcoin Holdings According to the official statement released on Monday, Metaplanet often referred to as Japan’s MicroStrategy now holds 639.503 BTC, with a current market value of...
Ethereum Price Analysis: ETH Flirts With $2.5K But Bullish Prospects Remain Questionable
Ethereum Price Analysis: ETH Flirts With $2.5K But Bullish Prospects Remain Questionable
Oct 7, 2024
Ethereum’s price has been consolidating in a wide range above the $2,000 mark. Yet, things might change soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been moving sideways in a $500 range between the $2,700 resistance level and the $2,200 support zone. With the market testing the upper boundary multiple times...
Mantra (OM) Price Hits a New ATH: Further Rally in the Cards?
Mantra (OM) Price Hits a New ATH: Further Rally in the Cards?
Oct 7, 2024
TL;DR Mantra (OM) surged over 60% in the past 30 days, hitting an all-time high of $1.50 with analysts predicting a further jump. On-chain metrics suggest continued gains, but the RSI indicates it may be overbought, signaling a possible correction. New Peak for OM Most of the leading cryptocurrencies have experienced severe ups and downs over the past several weeks....
Ripple Price Analysis: Is XRP Headed for a Drop to $0.5?
Ripple Price Analysis: Is XRP Headed for a Drop to $0.5?
Oct 7, 2024
Ripple’s price has recently experienced a significant decline, just as market participants were becoming optimistic about the beginning of a new bullish run. By Edris Derakhshi (TradingRage) The USDT Paired Chart Against USDT, the XRP price broke above the $0.6 resistance level last week. Unfortunately,, it failed to hold above, and it crashed rapidly below the level and the 200-day...
Copyright 2023-2025 - www.financetom.com All Rights Reserved