Altcoin
BTC & ETH Plummet Amid Trump’s New Tariff Saga
Crypto prices today (February 27): Bitcoin (BTC) price swooped to a $82K low intraday, primarily continuing to face macro heat. Simultaneously, Ethereum (ETH), Solana (SOL), and XRP prices also mimicked a downtrend, losing 3%-7%. Primarily, major-league cryptocurrencies reflect a bearish movement as U.S. President Donald Trump rattled global markets with new tariffs for the EU (European Union).
Crypto Prices Today: Here’s Why BTC & Major-League Altcoins Dipped
According to a recent CoinGape report, Donald Trump is set on imposing a 25% import tariff on the EU, further fueling global trade war fires. Following the new import tariffs on Canada and Mexico (set to commence next week), this macro development has further urged a cautious investor sentiment across global markets.
In turn, the cryptocurrency sector today witnessed BTC, ETH, XRP, and SOL lose alarming values. Even the crypto market lost 5% since yesterday, as indicated by the market cap reaching $2.79 trillion. Further, even the total market volume dipped by 19% to $153.54 billion. Liquidations in the past 24 hours totaled over $700 million, per Coinglass data, rationalizing the broader market waning action.
BTC Price Touches $82K Low
As of press time, BTC price pulled back nearly 4% and closed in at $85,230. Besides, the flagship coin bottomed at the $82K level in the past 24 hours. Notably, Bitcoin’s falling action mirrors $460.86 million liquidations recorded over the past day, per Coinglass data. Nevertheless, BTC’s market dominance was up 0.34% to 60.38%, signaling altcoins faced more volatility.
ETH Price Loses 7%
ETH price witnessed a downfall of nearly 7% in the past 24 hours, exchanging hands at $2,319. The second-largest crypto by market cap hit a low and peak of $2,255.05 and $2,503.42 in the past 24 hours. Notably, this waning action aligns with Ethereum recording over $126 million worth of liquidations over the past day. Further, ETH’s market dominance slipped by 10% today.
XRP Price Pulls Back
XRP price plunged over 5% in the past 24 hours and is currently sitting at $2.18. The coin hit a bottom and peak of $2.15 and $2.32 intraday. Ripple’s coin saw liquidations worth $12.51 million in the past 24 hours. Further, the coin faces pressure amid whale selling, as CoinGape reported Ripple whales offloaded 370 million coins recently.
SOL Price Dips 4%
SOL price lost 4% in the past 24 hours and is currently trading at $137. The coin’s intraday low and high were $130.69 and $144.39, respectively. Solana recorded liquidations worth $27.75 million in the past 24 hours.
Meme Crypto Prices Today
Dogecoin (DOGE) price fell by nearly 2.5% in the past 24 hours, closing in at $0.2045. Meanwhile, Shiba Inu (SHIB) and Pepe Coin (PEPE) continued trading near the previous day’s levels, at $0.00001436 and $0.000008373, respectively. However, TRUMP coin gained by 1.5%, reaching $13.25.
Top Gainer Crypto Prices Today
However, it’s worth pointing out that some coins have defied the broader market volatility:
Kaito (KAITO)
Price: $2.44
24-Hour Gains: +40%
Story (IP)
Price: $6.63
24-Hour Gains: +20%
Optimism (OP)
Price: $1.20
24-Hour Gains: +11%
Top Loser Crypto Prices Today
Bitget Token (BGB)
Price: $3.94
24-Hour Loss: -10%
Kaspa (KAS)
Price: $0.08588
24-Hour Loss: -7%
Ronin (RON)
Price: $0.982
24-Hour Loss: -6%
Traders and investors watchers continue to stay apprehensive over the market’s future performance, primarily due to the U.S. tariffs saga. Global markets are facing the heat as trade tensions rise amid new macro developments. In turn, even the crypto market sees heightened whale selling at the moment, further accompanied by liquidity setbacks that are presenting prices with volatility.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
KAITO price garnered noteworthy investor attention on Thursday as it rallied 33%, defying the broader market trend. Notably, the token’s price primarily rose against the backdrop of a new Coinbase perp listing. As an upshot, traders and investors anticipate sustained price gains in the trending asset amid heightened market exposure.
KAITO Price Bullish As It Secures Coinbase Listing
KAITO price rallies as its perpetual listing on one of the top crypto exchanges substantially uplifts the asset’s market sentiment.
Via an official X post on February 27, the Coinbase International Exchange revealed that the KAITO-PERP market is now in full trading mode. In turn, the token’s price rallied amid heightened money influx due to investors capitalizing on emerging market opportunities.
For context, Coinbase’s colossal user base is poised to partake in ‘limit, market, stop, and stop-limit’ orders starting today. These enhanced trade offerings bullishly impact asset prices, as seen via past chronicles.
Binance previously unveiled enhanced trade offerings for KAITO, urging a bullish impact on its price. The crypto exchange unveiled new spot trade offerings and bots services on February 24, following which the token witnessed gains worth 75% to date.
While this broader price surge may be attributable to a stockpile of factors encompassing the project’s recent airdrop, it’s noteworthy that new listings on crypto exchange giants usually uplift market sentiments.
What’s More In The Coinbase Announcement?
Simultaneously, it’s also worth mentioning that Coinbase also launched perp listings for two other tokens on the same day. The listing announcement revealed that perp contracts for Virtuals Protocol (VIRTUAL) and B3 (B3) are also in full trading mode starting today. With VIRTUAL-PERP and B3-PERP markets now live, investor sentiments surrounding these tokens have also reflected optimism.
VIRTUAL price witnessed a 3% uptick amid its perp listing, resting at $1.13. B3 price shot up by 7% amid its new listing, closing in at $0.006416.
How Is KAITO Price Holding?
As of press time, KAITO price surged nearly 33% and exchanged hands at $2.77. The coin hit a bottom and peak of $1.97 and $2.92 in the past 24 hours. Notably, the traders also appear to have reacted positively to the listing announcement, as signaled by a 183.45% increase in the intraday trading volume to $2.06 billion. Overall, market watchers are optimistic about the token amid recent advancements.
Intriguingly, KAITO price prediction by CoinGape revealed that the token is forming a bullish engulfing pattern in the weekly technical chart. This suggests that the coin is witnessing strong momentum in favor of buyers. In light of the abovementioned developments, market watchers expect a retest of the coin’s ATH of $3, with potential gains ahead.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Defying the broader crypto market correction, Litecoin price is up 7% today surging all the way to $130 levels, and eyeing a potential breakout ahead. Furthermore, today’s LTC pump comes with 60% in daily trading volumes hitting past $2.06 billion, hinting at a strong bullish undercurrent for the altcoin. Furthermore, investor sentiment remains bullish amid growing odds of spot Litecoin ETF.
Litecoin Price Eyes A Potential Breakout to $200
LTC has been one of the best-performing altcoins during the crypto market correction over the past month. While top altcoins like Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE) have corrected by 25-35% on the monthly chart, the Litecoin price has registered 14% gains during the same timeframe.
Veteran trader Peter Brandt has identified an intriguing chart setup for LTC, suggesting the potential for a profitable swing trade. As per the below Litecoin price chart shared by Peter Brandt, the altcoin is preparing for a flag-and-pole breakout.
As shown above, LTC had a significant uptrend from November to early December 2024, followed by a period of consolidation with several tests of both upper and lower boundaries. For Litecoin to kickstart a journey toward $200 levels, it must first break the crucial resistance of $140 where it has faced multiple rejections.
Furthermore, the LTCBTC pair is showing a strong breakout after months of consolidation. The LTC/BTC trading pair has broken upward following a three-month sideways trend, signaling Litecoin’s relative strength compared to other altcoins.
Furthermore, today’s Litecoin price surge comes with a 15% surge in LTC open interest shooting to $701 million, as per data from Coinglass. The surge in LTC open interest suggests that traders are bullish about further price momentum in LTC from here onwards, amid rising odds of ETF approval.
ETF Expectations Riding the Momentum Amid Crypto Market Correction
The improving odds for the approval of a spot Litecoin ETF have been one of the key reasons that has kept investors interested in the altcoin. Interestingly, the odds of a Litecoin ETF approval is a massive 90% as per Bloomberg analysts, much higher than Solana’s 65% and XRP’s 70% approval odds.
During the recent Litecoin price correction to $106 last week, Litecoin whales chipped in to buy the dip and drive LTC higher. On the other hand, the Litecoin foundation has continued with further developments within the ecosystem.
.LTC Domains Launched
Litecoin, known for its fast and low-cost transactions over the past decade, has introduced its own official domain extension: .LTC. Developed in collaboration with Unstoppable Domains and the Litecoin Foundation, this new feature offers users a personalized on-chain identity.
The .LTC domains simplify cryptocurrency payments and enhance connectivity within the Litecoin community, providing a seamless way to engage with the ecosystem.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Depository Trust & Clearing Corporation (DTCC) has officially listed the first Solana futures ETFs (exchange-traded funds) from Volatility Shares.
The development signifies that these ETFs are now eligible for clearing and settlement through DTCC’s central infrastructure, ensuring a streamlined and secure trading process.
Solana Futures ETFs Cleared by DTCC
The newly listed products include the Volatility Shares 2x Solana ETF (SOLT) and the Volatility Shares Solana ETF (SOLZ).
Volatility Shares had initially filed with the SEC (Securities and Exchange Commission) in December 2024, seeking approval for three Solana-focused ETFs. Among them was the -1x Solana ETF, which aims to provide inverse exposure to Solana futures contracts.
At the time of the initial filing, however, no Solana futures contracts were available on any Commodity Futures Trading Commission (CFTC) regulated exchanges. This raised questions about the feasibility of launching these ETFs without an underlying futures market.
Therefore, listing Solana’s future ETFs on DTCC highlights the growing institutional interest in cryptocurrency investment products. Nevertheless, while DTCC’s listing is a crucial step in making these ETFs accessible to investors, it does not equate to formal approval by the US SEC.
Coinbase’s Role in the Solana Futures Market
In hindsight, the scales shifted earlier this month when Coinbase Derivatives LLC introduced CFTC-regulated Solana futures contracts. This move addressed concerns about the absence of a regulated Solana futures market and bolstered the case for future regulatory approval of Solana ETFs.
Coinbase’s announcement followed speculation that Solana and XRP futures could be launched on the Chicago Mercantile Exchange (CME). This was in light of a leaked staging website hinting at a potential February 10 start date.
“Assuming “beta.cmegroup” is a beta/test version of the actual CMEGroup website — looks like CME is expecting to launch SOL & XRP futures on Feb 10. But this isn’t available on the actual website yet,” ETF analyst James Seyffart observed.
However, the domain was taken down shortly after it was discovered. Thereafter, the CME Group clarified that the leak was an error and that no final decision had been made.
Despite these uncertainties, the availability of regulated Solana futures contracts is a positive step for institutional investors. It provides a structured and secure avenue for trading Solana, bridging the gap between traditional finance (TradFi) and the crypto market.
Meanwhile, the launch of Solana futures ETFs and the emergence of regulated futures contracts could set the stage for the eventual approval of a spot Solana ETF. Several asset management firms, including VanEck and 21Shares, Bitwise, and Canary Capital, have submitted filings for spot Solana ETFs.
The SEC’s handling of these applications will be interesting to watch as the race to create more altcoin ETFs continues.
Despite the positive developments, the SOL price has declined nearly 5% to $137.68 at the time of writing. Market volatility remains a persistent factor in crypto, with regulatory uncertainty and macroeconomic trends influencing price movements.
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