Bitcoin Falls to $ 84,900, Altcoins Show Mixed Price Movement

The overall crypto market is facing the impact of new tariff policies introduced by the white house under the US President Donald Trump. On Chiursday, February 27, Bitcoin Price Dropped By Over Four Percent to Trade at $ 84,940 (Roughly Rs. According to Market Analysts, The Crypto Sector is Facing a Selling Pressure After President Trump Announced 25 percent tariffs on Imports from the eu. On Indian Exchanges, Bitcoin is Trading at $ 89,345 (Roughly Rs. 78 lakh), clocking a loss of Around Six Percent Over the Last Day.

“Trump’s plan to impose tariffs on the european union added to the seling pressure, triggering a market-wide correction. Lead to a Market Reset and A Subsequent Rally. $ 80,000 (roughly Rs. 69.8 lakh) Mudrex Told Gadgets 360.

ETher Clocked a price drop of 6.71 percent on Global Exchanges to Trade at $ 2,322 (roughly Rs. 2.03 lakh). The Asset Followed A Simlar Trajectory on Indian Exchanges. The Crypto Price Tracker By Gadgets 360 Showed Eth Trading at $ 2,430 (roughly Rs. 2.12 lakh) after see a loss of over eight percent.

“Esther has strong support at $ 2,350 (roughly Rs. 2.05 lakh) and $ 2,150 (roughly Rs. 1.87 lakh), while the $ 2,800 (roughly Rs. 2.44 lakh) – $ 3,000 (rough RS. 2.61 Lakh) Zone will act as strong resistance, “The Zebpay Trade Desk Told Gadgets 360.

While Bitcoin and Ether are undergoing losses, altcoins showed mixed price movement on Thursday.

Ripple, Binance coin, Solana, Dogcoin, Cardano, Tronand Chainlink Reflected Losses on the Crypto Price Tractor.

Steellar, Uniswap, Monero, Cronosand Eos coin Also registered price Dips on Chiursday.

The overall crypto market cap fell by 4.44 percent in the last 24 hours. With this, the Valuation of the market has tumbled to $ 2.81 trillion (roughly Rs. 2,44,96,044 Crore), as per CoinmarketcapThe dominance of bitcoin on the market presented at 59.75 percent.

“Institutional Selling and Macroeconomic Instability Have Shaken Confidence, Raising Questions About Who The Crypto Market is Facing a Temporary CORRECTION or the Start of a Deeper DOWNTURN. The coming weeks will test wheether bitcoin and crypto can withstand these pressures or if further declines are on the horizon, “Avinash Shekhar, Co-Founder and CEO, Pi42 TOLD GADGETS 360.

Tether and Usd coin – both stablecoins pegged against the US dollar- managed to maintain their 1: 1 ratio with the us dollar.

Avalanche, Shiba inu, Leo, Polkadot, Cosmosand Elrond Showed Minor Gains.

“Ethereum, Solana, Cardano, etc. Tested their Crucial support; Litecoin, chainlink, and memecoins like pepe, shiba inu remained bullying the crypto blood bath. The btc dominance has been dent notable, which sugges the trader’s focus could have shifted slightly to the altcunes, “said the coindcx research team.

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