Altcoin
BTC Loses $80K, ETH Falls 9%, But MOVE Jumps 8%
Crypto Market Today (March 11): Bitcoin (BTC) price swooped to a multi-month low again, losing $80K as of early Asian hours on Tuesday. Ethereum (ETH), Solana (SOL), and XRP prices also lost 5%-10% intraday. Traders and investors continue to show an extreme fear sentiment, as indicated by the ‘CMC Crypto Fear and Greed Index’ at 15. This waning action comes as recession fears rise amid macro heat post-Trump’s tariff saga and rising trade war tensions.
Crypto Market Today: BTC, ETH, XRP, SOL Lose Alarming Values
The global crypto market lost severe value, as indicated by a nearly 4% drop in the market cap, shrinking to $2.58 trillion. Besides, Coinglass data underscored massive liquidations over the past day, worth over $900 million. These bearish stats come amid macro heat causing trade war tensions, further accompanied by rising U.S. recession fears. As a result, leading cryptos erased alarming values today, sparking market concerns globally.
BTC Price Loses $80K
As of press time, BTC price witnessed a 3% decline and exchanged hands at $79,617. The flagship coin hit an intraday bottom and peak of $76,624.25 and $83,955.93, respectively. Bitcoin slumps alongside $314.95 million in liquidations recorded over the past day, per Coinglass data. However, the coin’s market dominance was up by 0.52% to 61.04%, indicating altcoins took more heat.
ETH Price Crashes 10%
ETH price lost an alarming 10% in the past 24 hours and closed in at $1,846. The coin bottomed and peaked at $1,760.94 and $2,150.71 intraday. Ethereum waned alongside $246.20 million in liquidations in the past 24 hours. Also, the coin’s market dominance was at 9.1% on Tuesday.
XRP Price Plunges 6%
XRP price erased nearly 6% value in the past 24 hours and exchanged hands at $2.05. Ripple’s coin bottomed and peaked at $1.916 and $2.251 in the past 24 hours. XRP wanes in sync with $36.88 million in liquidations recorded over the past day, per Coinglass data.
SOL price Slips 6%
Simultaneously, SOL price plummeted 6% in the past 24 hours and closed in at $120. The coin hit a 24-hour low and high of $113.19 and $131.24, respectively. Solana declines alongside $47.93 million in liquidations over the past day.
Meme Crypto Market Today
Also, Dogecoin (DOGE) price cracked 10% and reached $0.1567 today. Even Shiba Inu (SHIB) price lost nearly 5% and traded at $0.00001161.
PEPE & TRUMP prices lost 4-7% intraday, mirroring the broader market trend at $0.000005788 and $10.34, respectively.
Top Gainers In Crypto Market Today
However, some tokens defied the broader market volatility today and hovered into the green zone.
Movement (MOVE)
Price: $0.4897
24-Hour Gains: +8%
MANTRA (OM)
Price: $6.37
24-Hour Gains: +5%
Mantle (MNT)
Price: $0.6797
24-Hour Gains: +2%
Top Losers In Crypto Market Today
Artificial Superintelligence Alliance (FET)
Price: $0.4491
24-Hour Loss: -17%
LidoDAO (LDO)
Price: $0.8621
24-Hour Loss: -16%
Uniswap (UNI)
Price: $5.75
24-Hour Gains: -14%
Overall, the broader market continues reflecting volatility as traders and investors panic amid fears of macro developments and U.S. recession. Despite pro-crypto advancements across the broader market, prices are yet to see a bullish trajectory.
Notably, after the creation of a BTC reserve and crypto stockpile, Donald Trump recently signed an executive order to reverse crypto banking restrictions. Nevertheless, traders and investors are left scratching their heads as prices conversely slump.
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.
In a groundbreaking revelation, 21Shares announced a significant reduction in the management fees for its Bitcoin Ethereum Core ETP (ABBA). In addition, the ETP provider listed ABBA on the Xetra exchange, effective March 12, 2025, aiming to make crypto investments more affordable and accessible.
Notably, 21Shares’ ABBA offers investors a cost-effective way to invest in both Bitcoin and Ethereum, with the added security of being fully backed by these two leading cryptocurrencies. Let’s now unveil how the latest development will provide advanced investment opportunities in Bitcoin and Ethereum.
21Shares Lowers ABBA’s Management Fees and Lists on Xetra
According to a press release, 21Shares, one of the world’s largest ETP providers, announced the reduction of management fees for its Bitcoin and Ethereum Core ETP (ABBA) to 0.49%.
Significantly, the fee reduction coincides with the listing of ABBA on the Xetra exchange, which took effect on March 12, 2025. Backed by BTC and ETH, the 21Shares ABBA has become an even more compelling investment option with its reduced management fee of 0.49%. It offers investors a convenient and cost-effective way to tap into both leading cryptocurrencies.
ABBA’s Xetra Listing: 21Shares’ European Expansion
Interestingly, 21Shares is envisioning the expansion of ABBA’s availability. Thus, the ETP provider has listed ABBA on Xetra, Deutsche Börse’s leading trading platform for exchange-traded products, expanding its availability. Commenting on the development, Mandy Chiu, Head of Financial Product Development at 21Shares, stated, “We are committed to continuously improving our product offerings to meet the evolving needs of our growing pool of investors worldwide.”
The listing of ABBA on Xetra is a strategic step in 21Shares’ expansion plans, aiming to enhance liquidity, accessibility, and transparency for European investors. Thus, the development ultimately solidifies the company’s presence in the region. Chiu further stated,
At 21Shares, our mission is to provide investors with the most efficient and innovative crypto investment products. Reducing the fees on ABBA and bringing it to Xetra are important steps in making Bitcoin and Ethereum more accessible through a trusted and regulated investment vehicle.
This move follows the US Securities and Exchange Commission’s (SEC) decision to postpone the approval of several ETFs, including 21Shares’.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
Crypto market analysts believe that a spot XRP ETF filing coming from the world’s largest asset manager BlackRock could speed up the approval process. This discussion sparks within the XRP community as the U.S. Securities and Exchange Commission (SEC) delayed the decision on ETF filing for Ripple cryptocurrency by Canary Capital and Grayscale.
BlackRock May Leverage XRP ETF Delays
On Tuesday, March 11, the US SEC delayed its decision for approval for the Canary spot XRP ETF and the Grayscale ETF, along with the delays in Solana ETF from Canary, VanEck, and others. Bill Morgan, a prominent lawyer and advocate for XRP, has raised speculation about BlackRock’s potential strategy amid ongoing delays in crypto ETF approvals.
Morgan added that BlackRock might see these delays as favourable to them, as it gives the asset manager some additional time to file an XRP-based exchange-traded fund (ETF) and gain a competitive edge in the market.
Although the asset manager hasn’t hinted at filing an Ripple ETF anytime soon, market analysts are hopeful of this development in the future.
Franklin Templeton Files XRP ETF Application
Despite the delays in approval by the US SEC, $1.5 trillion asset manager Franklin Templeton filed an application for an XRP ETF. According to the filing, Coinbase Custody Trust Company will serve as the custodian for the fund’s XRP holdings, ensuring secure storage of the digital assets.
The move marks a significant development in the evolving crypto ETF landscape, with Franklin Templeton joining the growing list of institutions vying to bring XRP-focused financial products to market.
Following the change of regime at the US SEC, and the Trump administration in charge, market analysts are hopeful for an XRP ETF. However, asset managers like BlackRock would be willing to wait for a settlement in the Ripple lawsuit, which could provide a clear path for filing an ETF application. Several market analysts believe that the settlement could happen before Ripple’s appellate brief submission on April 16, 2025.
XRP Price Action Ahead
XRP price is up 5% today amid the current ETF developments with open interest surging 2.28% to $3 billion. The 24-hour liquidations have surged to $ 13.85 million, with more than $7 million in short liquidations.
Mikybull Crypto highlights XRP as one of the strongest performers despite the ongoing market downturn. The analyst points to a daily bullish divergence on XRP’s chart, signaling potential upward momentum. Mikybull anticipates that XRP could see a significant rally once broader market recovery begins.
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 latest reports in the market suggest that Pi Network is heading for a price pegging mechanism on the blockchain. Reportedly, the community has recently come across a smart contract code associated with Chainlink, while making direct references to the native cryptocurrency Pi Coin. The Pi price has shot up by 8% today, moving to $1.50 as investors continue to stay bullish for a rally to $5 and beyond.
Pi Network To Implement Dynamic Pegging Mechanism?
The Pi Network community has recently come across a smart contract code, featuring Chainlink, while putting up a direct reference to Pi Coin. This code hints at implementing a dynamic pegging mechanism, thereby potentially signaling plans to stabilize Pi’s value via an automated minting and burning system.
If verified, the discovery suggests that Pi Network could be implementing a price-pegging mechanism to manage volatility. This approach is commonly used in stablecoins like USDT and USDC, which tie their value to assets such as USD or gold. The mechanism further enables price stability, providing a predictable and less volatile trading environment.
Some market analysts believe that a pegged Pi Coin could attract more users and investors by offering a more reliable valuation method. They also believe that as an algorithmic stablecoin, the altcoin could see greater acceptability in everyday transactions and decentralized finance (DeFi) ecosystems. However, the PiCoreTeam still needs to confirm the authenticity around this pegging mechanism.
What Will Be Pi Coin Price After Pegging?
Recent details about Pi Network’s pegging mechanism highlight a unique approach to stabilizing its value through dynamic algorithmic pegging. The smart contract, reportedly tied to Chainlink, will automatically manage the supply of Pi Coins based on price fluctuations. It will do this in two ways:
- Minting additional Pi Coins when the price drops below the target.
- Burning existing Pi Coins when the price exceeds the target.
As shown in the image below, the name of the pegged token is Pi Coin with a target price of $314,159 USD (represented as 314,159 × 10¹⁸ Wei, the smallest Ethereum unit). The mint mechanism will be activated when the price falls below the target and the burn mechanism will be activated when the price moves above the target.
Binance Listing an Immediate Price Target
The latest reports in the town suggest that the Pi Network cryptocurrency could be heading for an immediate listing on crypto exchange Binance. This could provide it a major liquidity boost, driving the price higher. With a binance listing, Pi Coin could register its spot among the top ten cryptocurrencies by market cap.
Pi Coin’s price has demonstrated resilience, holding firmly at the $1.30 support level despite recent market volatility. Analysts point to this as a bullish signal, suggesting that Pi cryptocurrency may be gearing up for a significant upward move. Market sentiment is turning optimistic, with growing calls for a potential rally pushing PI towards the $5 mark.
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.
21Shares Reduces Fees for Bitcoin Ethereum Core ETP, Lists on Xetra
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