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The cryptocurrency market remains stable at $2.78 trillion, despite a 6.7% decline over the past 24 hours. Bitcoin has slipped 6% in the last day, hovering slightly above $85,000, while ethereum has fallen 7.5%, settling around the $2,100 mark. Only a select few digital assets managed to avoid losses on Tuesday.
Major Cryptos React to Tariff Concerns
Although bitcoin has shown some price recovery, the broader market remains significantly lower than when U.S. President Donald Trump announced the establishment of a strategic U.S. crypto reserve. Investor concerns have deepened in response to Trump’s tariff policies, which have drawn criticism from affected nations, many of which are now preparing countermeasures.
Global markets have been rattled, with all major equity indices in the red this afternoon. Beyond bitcoin and ethereum’s declines, solana (SOL) has tumbled 12%, XRP has dropped 6.1%, ADA is down 6.5%, and DOGE has shed 9.9% in the past 24 hours. The steepest decline came from fartcoin (FARTCOIN), which plunged 29.79% on Tuesday, while chex token (CHEX) followed closely with a 27.15% drop.
Spx6900 (SPX) fell 26.22%, MOG slipped 23.97%, and KAITO, the airdrop, declined 22.61% against the U.S. dollar. Only a handful of cryptocurrencies managed to defy the downturn, including aave (AAVE), which posted a 2.88% gain. Dexe (DEXE) climbed 2.82%, ACT advanced 1.99%, and PNUT edged up 1.45%.
The highest trading volume of the day belongs to tether (USDT), with bitcoin (BTC) following in step, accompanied by ETH, USDC, and XRP. Other widely traded assets on March 4 include SOL, BNB, Official TRUMP, LTC, SUI, and TRX. Altogether, global trade volume across the crypto sector reached approximately $181.86 billion on Tuesday.
Despite the setbacks, a renewed sense of momentum is stirring in the market, with several coins beginning to recover. The outlook could shift in the next six to eight hours, potentially tilting toward a more optimistic trajectory.