Tokens in Red: 72% Decline as Bitcoin Falls Below $83K, Market Dips 2%
The global crypto market declines 2.02%, with Bitcoin and Ethereum leading the losses.
By Tylt Editorial Team
The cryptocurrency market fell by 2.02%, with total capitalization at $2.69 trillion.
Bitcoin dropped below $83,000, reaching a low of $82,397. Ethereum fell 2.45%.
Nearly 72% of all cryptocurrencies are in negative territory, with WEMIX leading losses.
The global cryptocurrency market faced a significant downturn on Sunday, shedding 2.02% and settling at a total valuation of $2.69 trillion. Bitcoin, the market leader, dipped below the $83,000 mark, hitting an intraday low of $82,397. Ethereum also struggled, declining by 2.45% and dragging the overall market sentiment down with it. Trading volumes took a sharp hit, falling by 34.65% to $47.63 billion over the last 24 hours, reflecting weakened investor enthusiasm.
Bitcoin now accounts for 60.8% of the total crypto market, maintaining a capitalization of approximately $1.63 trillion. Ethereum, the second-largest cryptocurrency, holds an 8.4% market share, valuing it at $226 billion. However, broader market sentiment remains bearish as nearly 72% of all cryptocurrencies recorded losses. Among them, WEMIX suffered the most, plunging 8.73% against the U.S. dollar. Other significant losses were seen in SNEK (-8.73%), TRAC (-8.67%), KAITO (-8.41%), RON (-7.6%), and HYPE (-6.57%).
Altcoins such as Cardano (ADA) dropped 4.7%, XRP declined 4.6%, and Dogecoin (DOGE) saw a 3.3% decrease. Liquidations soared as $159.57 million in derivatives positions were wiped out, with long positions accounting for $112.45 million of that total. Bitcoin longs took a significant hit, with $28.53 million liquidated, while Ethereum longs saw $25.75 million in losses. In total, 81,840 traders were liquidated across various crypto exchanges as of early morning trading data.
Despite the widespread sell-off, the TON ecosystem displayed a rare bullish trend following a development involving its founder, Pavel Durov. The return of Durov’s passport by French authorities on March 15 led to a surge in TON-related tokens. Notcoin (NOT) jumped 15.07%, while TON itself gained 14.69%, defying the broader market downturn.
With sentiment turning cautious, traders remain on edge, watching for any signs of a reversal. The bearish momentum may persist unless strong buying interest returns to stabilize prices. As the crypto market continues to navigate uncertainty, volatility remains the defining characteristic of digital asset trading.
