Crypto Price Analysis 3-7: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGWIFHAT: WIF, RIPPLE: XRP, ETHENA: ENA, AXIE INFINITY: AXS
The post Crypto Price Analysis 3-7: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGWIFHAT: WIF, RIPPLE: XRP, ETHENA: ENA, AXIE INFINITY: AXS appeared on BitcoinEthereumNews.com.
The crypto market slid back into the red as it declined over 4%, slipping below the $3 trillion mark and moving to its current $2.87 trillion. Bitcoin (BTC) is down nearly 5% despite Donald Trump’s announcement of a strategic reserve consisting of Bitcoin. The flagship cryptocurrency has dropped below $90,000 and is trading at $87,687. The price had dropped to a low of $84,979 before recovering and moving to its current level. Other cryptocurrencies have also registered substantial declines, with Ethereum (ETH) down over 6% and trading at $2,157. Ripple (XRP) is down nearly 2% and trading just below the $2.50 level at $2.48. Solana (SOL) is down almost 6% as it struggles to stay above $140, while Cardano (ADA) is down over 10% and trading at $0.867. Dogecoin (DOGE) is down nearly 8%, and Chainlink (LINK) is down over 4%, trading at just over $16. Meanwhile, Hedera (HBAR) is down nearly 6%, and Stellar (XLM) is down over 4%. Avalanche (AVAX), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered substantial declines. Donald Trump Signs Executive Order To Create Bitcoin Reserve President Donald Trump has signed an executive order to establish a strategic Bitcoin (BTC) reserve a day before the scheduled White House Crypto Summit, expected to be attended by several industry bigwigs. Trump revealed it would be capitalized by Bitcoin owned by the federal government and forfeited as part of criminal or civil asset forfeiture proceedings. The order stated, “Bitcoin is the original cryptocurrency. Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve.” The Treasury Department will set up a dedicated office to manage and administer the reserve. Market watchers expect the White House Crypto Summit to act as a stage…
Filed under: News - @ March 9, 2025 12:24 am