Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Crypto does shock deliver? Bitcoin and Ethereum leave scholarships at a record pace

2025-05-21

Sony announces the Mavet launch of Soneium Blockchain

2025-05-21

From technology to travel – there is a .hub for that

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»If you own Bitcoin, Ethereum, XRP, the market crash means this…
Bitcoin

If you own Bitcoin, Ethereum, XRP, the market crash means this…

2024-03-15No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Over the past 24 hours, there has been a decline in the general cryptocurrency market.
  • The prices of BTC, ETH and XRP may fall further in the short term.

With the crypto market overheating, the values ​​of many leading assets have fallen over the past 24 hours. As a result, the global cryptocurrency market capitalization fell by 7% over the same period Coingeckos facts.

At the time of writing, the global cryptocurrency market cap was $2.7 trillion.

Long liquidations in the Bitcoin market

Leading coin Bitcoin [BTC] has seen its price drop by almost 10% in the last 24 hours. During the Asian trading hours of March 15, the coin’s price fell to a low of $67,000, marking a decline of 7%, before a brief recovery to $68,500.

According to CoinMarketCap data, the number one coin was exchanging hands at $67,742 at the time of writing, marking an 8% price drop in the past 24 hours.

However, during the same period, the coin’s trading volume increased by 55%, creating a bearish price/volume divergence. This indicated increased selling pressure amid high market activity.

This difference between an asset’s price and trading volume often occurs when many investors sell their holdings, possibly due to negative sentiment or concerns about future price movements.

Due to the sharp drop in Bitcoin’s price, long-term liquidations in the futures market for the coin increased. According to Mint glass’ According to data, more than $90 million in long positions have been cleared in the last twelve hours.

BTC liquidationBTC liquidation

Source: Coinglass

A position is considered liquidated when it is forcibly closed due to insufficient resources to maintain it. Long liquidations occur when the value of an asset suddenly drops, and traders who have open positions in favor of a price increase are forced to exit their positions.

See also  Bitcoin transaction fees play second fiddle to Friend.tech – How?

However, despite this decline, open interest on the currency’s futures continued to rise. This has increased by 2% in the past 24 hours. According to Coinglass data, BTC open interest at the time of writing was $37.25 billion.

Likewise, funding rates observed on crypto exchanges remained positive. The increase in open interest and positive funding rates showed that despite the current price decline, investors have chosen to remain steadfast in their belief that Bitcoin’s price would still initiate a rally.

The bears want to regain control of the Ethereum market

Due to its statistically positive correlation with Bitcoin, Ethereum [ETH] has also suffered a drop in value over the past 24 hours. Exchanging hands for $3,708 at the time of writing, the coin’s price has fallen 7% over that period.

A review of ETH’s price performance on a daily chart showed a steady increase in the coin sell-off.

For example, measurements of the coin’s Moving Average Convergence Divergence (MACD) indicator showed that the signal line (orange) successfully crossed above the MACD line (blue) on March 14.

When an asset’s signal line crosses the MACD line in an uptrend, it is generally considered a bearish signal. This is because the signal line is a 9-day exponential moving average (EMA) of the MACD line itself. It acts as a trigger for buy and sell signals. When the price breaks above the MACD line, it indicates a possible shift to a bearish trend.

Normally, traders interpret this bearish crossover as a signal to sell or a warning sign of a possible downturn in the market.

Furthermore, the Relative Strength Index (RSI) was in a downward trend, indicating a decline in demand for ETH among spot market participants. Although it remained above the midline at the time of writing, its position indicated a decline in ETH accumulation.

See also  Ethereum Lagging While Bitcoin Dominates: Will THIS Change Things for ETH?

Confirming the steady decline in ETH demand, on-balance volume (OBV), which measures the coin’s buying and selling pressure, is down 0.3% over the past 24 hours. When an asset’s OBV line falls, it indicates that sales volume is increasing, indicating downward price movement.

ETH/USDT 1-day chartETH/USDT 1-day chart

Source: ETH/USDT on TradingView

A review of ETH’s stock market activity over the past 24 hours confirmed the increase in profit-taking activity. According to CryptoQuant data, the currency’s exchange reserve increased by 1% during that period.

At the time of writing, 14 million ETH worth approximately $52 billion were held on cryptocurrency exchanges.

Ethereum Exchange Reserve - All exchangesEthereum Exchange Reserve - All exchanges

Source: CryptoQuant

XRP points to even more disadvantages

Ripple’s XRP saw its value drop 6% in the past 24 hours. According to CoinMarketCap data, the sixth largest crypto asset by market capitalization was exchanging hands at $0.63 at the time of writing.

AMBCrypto’s assessment of the token’s volatility marks on a daily chart suggested the possibility of further decline due to the significantly volatile nature of the market.

For example, a widening gap at the time of writing separated the upper and lower bands of XRP’s Bollinger Bands (BB) indicator. Typically, a widening gap indicates that price movements are becoming more volatile.

With a negative weighted sentiment of -0.073, the possibility of a downward price movement remained high.


Realistic or not, here is the XRP market cap in terms of BTC


Also confirming the highly volatile nature of the XRP market is the Average True Range (ATR), which measures market volatility by calculating the average range between high and low prices over a certain number of periods.

See also  Will the crypto market bull run continue?

XRP’s ATR is up 25% in the last 24 hours. When this indicator rises in this way, it indicates an increase in market volatility.

XRP/USDT 1-day chartXRP/USDT 1-day chart

Source: ETH/USDT on TradingView

Previous: The Rise of the Underdogs: 4 Altcoins Ready to Take the Crypto World by Storm

Next: Since XRP targets $1, these contender coins can get there faster

Source link

Bitcoin Crash Ethereum market means this.. XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto does shock deliver? Bitcoin and Ethereum leave scholarships at a record pace

2025-05-21

Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

2025-05-21

The old coins of Bitcoin moves again

2025-05-21

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

2025-05-21
Add A Comment

Comments are closed.

Top Posts

Bitcoin: High demand, reduced supply – only further from here?

2024-02-26

Digital collectibles market struggles as NFT sales fall 47.9% in September

2024-10-01

Xion reaches Mica Milestone as the first regulated layer 1 blockchain

2025-03-15
Editors Picks

XRPL Grant Program Calls for Financial Innovation of Web3: Wave 6 Now Open

2023-04-26

Telegram’s X Empire’s Sells 60,000 NFTs: Reaches 40 Million Users

2024-09-23

Why Bitcoin’s Halving Remains a Major Factor for BTC Prices

2023-10-08

Bitcoin -Rescherstel possibly above $ 85k – will bull income?

2025-03-13
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Crypto does shock deliver? Bitcoin and Ethereum leave scholarships at a record pace

Sony announces the Mavet launch of Soneium Blockchain

From technology to travel – there is a .hub for that

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$111,271.604.14%
  • ethereumEthereum(ETH)$2,618.452.90%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.412.08%
  • binancecoinBNB(BNB)$684.883.62%
  • solanaSolana(SOL)$176.133.83%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2397324.53%
  • cardanoCardano(ADA)$0.794.50%
  • tronTRON(TRX)$0.2707930.41%
  • suiSui(SUI)$4.044.32%
  • chainlinkChainlink(LINK)$16.373.17%
  • hyperliquidHyperliquid(HYPE)$30.5415.72%
  • avalanche-2Avalanche(AVAX)$23.785.57%
  • stellarStellar(XLM)$0.2985403.51%
  • shiba-inuShiba Inu(SHIB)$0.0000152.89%
  • hedera-hashgraphHedera(HBAR)$0.2008322.97%
  • bitcoin-cashBitcoin Cash(BCH)$418.805.80%
  • unus-sed-leoUNUS SED LEO(LEO)$8.890.83%
  • the-open-networkToncoin(TON)$3.121.15%
  • polkadotPolkadot(DOT)$4.832.09%
  • litecoinLitecoin(LTC)$99.024.36%
  • moneroMonero(XMR)$397.8010.32%
  • bitget-tokenBitget Token(BGB)$5.363.50%
  • piPi(PI)$0.83-1.73%
  • pepePepe(PEPE)$0.0000143.54%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bittensorBittensor(TAO)$466.6410.98%
  • uniswapUniswap(UNI)$6.390.98%
  • aaveAave(AAVE)$254.46-1.14%
  • nearNEAR Protocol(NEAR)$2.923.83%
  • aptosAptos(APT)$5.383.84%
  • okbOKB(OKB)$53.061.47%
  • ondo-financeOndo(ONDO)$0.994.91%
  • ethereum-classicEthereum Classic(ETC)$19.515.12%
  • kaspaKaspa(KAS)$0.1130521.91%
  • internet-computerInternet Computer(ICP)$5.482.69%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.50-0.08%
  • gatechain-tokenGateToken(GT)$21.921.68%
  • crypto-com-chainCronos(CRO)$0.0986381.47%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2472516.76%
  • vechainVeChain(VET)$0.0298454.17%
  • render-tokenRender(RENDER)$4.934.89%
  • mantleMantle(MNT)$0.74-0.29%
  • ethenaEthena(ENA)$0.4045045.59%
  • usd1World Liberty Financial USD(USD1)$1.000.13%
  • arbitrumArbitrum(ARB)$0.4191295.39%
  • algorandAlgorand(ALGO)$0.2352884.56%
  • filecoinFilecoin(FIL)$3.014.43%
  • bitcoinBitcoin(BTC)$111,271.604.14%
  • ethereumEthereum(ETH)$2,618.452.90%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.412.08%
  • binancecoinBNB(BNB)$684.883.62%
  • solanaSolana(SOL)$176.133.83%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2397324.53%
  • cardanoCardano(ADA)$0.794.50%
  • tronTRON(TRX)$0.2707930.41%
  • suiSui(SUI)$4.044.32%
  • chainlinkChainlink(LINK)$16.373.17%
  • hyperliquidHyperliquid(HYPE)$30.5415.72%
  • avalanche-2Avalanche(AVAX)$23.785.57%
  • stellarStellar(XLM)$0.2985403.51%
  • shiba-inuShiba Inu(SHIB)$0.0000152.89%
  • hedera-hashgraphHedera(HBAR)$0.2008322.97%
  • bitcoin-cashBitcoin Cash(BCH)$418.805.80%
  • unus-sed-leoUNUS SED LEO(LEO)$8.890.83%
  • the-open-networkToncoin(TON)$3.121.15%
  • polkadotPolkadot(DOT)$4.832.09%
  • litecoinLitecoin(LTC)$99.024.36%
  • moneroMonero(XMR)$397.8010.32%
  • bitget-tokenBitget Token(BGB)$5.363.50%
  • piPi(PI)$0.83-1.73%
  • pepePepe(PEPE)$0.0000143.54%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bittensorBittensor(TAO)$466.6410.98%
  • uniswapUniswap(UNI)$6.390.98%
  • aaveAave(AAVE)$254.46-1.14%
  • nearNEAR Protocol(NEAR)$2.923.83%
  • aptosAptos(APT)$5.383.84%
  • okbOKB(OKB)$53.061.47%
  • ondo-financeOndo(ONDO)$0.994.91%
  • ethereum-classicEthereum Classic(ETC)$19.515.12%
  • kaspaKaspa(KAS)$0.1130521.91%
  • internet-computerInternet Computer(ICP)$5.482.69%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.50-0.08%
  • gatechain-tokenGateToken(GT)$21.921.68%
  • crypto-com-chainCronos(CRO)$0.0986381.47%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2472516.76%
  • vechainVeChain(VET)$0.0298454.17%
  • render-tokenRender(RENDER)$4.934.89%
  • mantleMantle(MNT)$0.74-0.29%
  • ethenaEthena(ENA)$0.4045045.59%
  • usd1World Liberty Financial USD(USD1)$1.000.13%
  • arbitrumArbitrum(ARB)$0.4191295.39%
  • algorandAlgorand(ALGO)$0.2352884.56%
  • filecoinFilecoin(FIL)$3.014.43%