Immediately, the broader digital asset market skilled some important consolidations, which prompted its market capitalization to drop by 0.07% to $2.71 trillion over the previous 24 hours. Additionally, its transaction quantity fell by 9.72% to $8718 billion. The worry and greed index dropped to 27 from yesterday’s 45 displaying investor worry out there.
Every day Abstract on March 14, 2025$TIA $PEPE $KAS $IP $S $BTC $ETH $XRP $SOL $LAI#dailysummary #DeFi #Crypto pic.twitter.com/MGdZijdfh8
— PHOENIX – Crypto Information & Analytics (@pnxgrp) March 14, 2025
Financial uncertainty
This market droop is principally fuelled by a wider financial meltdown, together with worries a couple of US financial slowdown and prolonged inflation. Earlier this week, BTC witnessed a drastic fall, dropping beneath $80,000 amid a widespread market liquidation. Ethereum additionally slumped to its lowest value seen since Dec.2023 whereas different outstanding belongings additionally encountered elevated promoting strain. Nonetheless, the broader crypto market have began to document slight restoration, boosted partly by Wednesday’s CPI index that indicated decrease than anticipated inflation report.
How is the market performing as we speak?
Immediately, most cryptocurrencies are experiencing a correction temper, with the bulk seeing minor value will increase. Bitcoin is at the moment standing at $82,684, after recording a 0.76% lower previously 24 hours.
ETH has additionally consolidated its motion round $1,800, at the moment buying and selling at $1,890, after seeing a 0.05% decline. XRP, SOL, DOGE, and TRX recorded 2.08%, 1.07%, 1.68%, and 1.71% value will increase respectively.
High market performers as we speak
Celestia (TIA) emerged as one of the best performer in as we speak’s crypto market with a value surge of 37.35% over the previous 24 hours. TIA is at the moment displaying exceptional progress, standing at a excessive of $3.59 as we speak at press time. This progress is important in a market the place outstanding crypto belongings like BTC and ETH are at the moment experiencing slight actions with their dominant costs.
Pepe (PEPE), a meme coin cryptocurrency, adopted with a value leap of 34.48%. Immediately, PEPE created a sturdy rally, outperforming main opponents like DOGE and SHIB, which have registered small good points of their value actions. PEPE’s current value pump has been bolstered by important whale accumulations, thus creating demand and bullish sentiment for the asset.
Kaspa (KAS) secured the third place with a value progress of 32.83%. This rise highlights its current market restoration after a major downtrend. KAS’ value rebound in current days has attracted investor curiosity, suggesting robust demand and bullish sentiment, backed by surging open curiosity.
Story (IP) took the fourth spot with a value hike of 27.88%. Its spectacular efficiency defied the broader crypto market downtrend, majorly boosted by its current itemizing on Kraken. Typically itemizing on outstanding exchanges set off consumer curiosity, which results in heightened buying and selling quantity and value progress within the days after.
Sonic (S) wrapped this prime gainers listing with a value rise of 25.88%. With its current community improve, airdrop program, and its excessive involvement within the DeFi panorama, Sonic renewed its market potential and due to this fact has been attracting buyers and crypto fanatics.
