March 14, 2025
Bitcoin hovered around $83,000 on Friday amidst uncertainties making the Global cryptocurrency market capitalisation inched higher slightly. Crypto market has seen increased pressure from sell-side actors taking quick profit on major digital assets.
As monitored on Market forces Africa, Coins like Ethereum, Cardano, Dogecoin and Solana, among others including Bitcoin have seen huge sell pressure, with BTC-USD plunging by about 7% in the last seven days, as well as ETH-USD losing more than 12% .
On Friday, the global crypto market cap is $2.7 trillion due to slight improvement sentiment, a 0.72% increase over the last day, while CAD-USD has lost 16% of its market cap in seven days, DOGE-USD has lost 15.8%, and SOL-USD is down by more than 9%..
The total crypto market volume over the last 24 hours settled at $79.15 billion, which makes a 14.81% decrease. The total volume in DeFi is currently $5.86 billion, accounting for 7.41% of the total crypto market 24-hour volume.
READ MORE; Crypto Market Drop By 5% Amid U.S. Strategic Bitcoin Reserve Order
Trading details revealed that the volume of all stable coins is now $75.29 billion, which is 95.12% of the total crypto market 24-hour volume.
Late afternoon on Thursday, major digital assets were mixed with Bitcoin (BTC-USD) falling below $81,000. The CoinDesk Market Index, which tracks dozens of digital assets, including Bitcoin, shed 2.3% in the last 24 hours.
The Nasdaq 100 shed 2%, the S&P 500 fell 1.4% and Dow Jones Industrial Average decreased 1.3%. Bitcoin fell 3.1% to $80,223 according to CoinMarketCap data.
Ethereum (ETH-USD), the second-largest digital asset by market value, declined 1.5% to $1,851. XRP (XRP-USD) rose 0.2%, BNB (BNB-USD) added 2.1%, and Solana (SOL-USD) surged 2.6%.
Dogecoin (DOGE-USD) dropped 3.7%, while Cardano (ADA-USD) fell 4.4%. The US 10-year Treasury yield stood at 4.274%, declining from 4.314% Wednesday, while the five-year yield dropped to 4.028% from 4.077%.
