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Why Is Crypto Market Down Today, More Selloffs Ahead?
The crypto market has lost $140 billion in just a day and continues to pare gains, with the global market cap down from $2.43 trillion to $2.30 trillion. The two major currencies Bitcoin and Ethereum saw massive selloffs as investors considered the spot Ethereum ETF launch a “sell the news” event. ETH price tumbled more than 9% over the last day, triggering a broader market correction.
Moreover, the crypto liquidations across the crypto market are anticipated to continue as traders brace primarily for options expiry, US PCE inflation release, and U.S. Federal Reserve interest rate decision in days ahead.
Crypto Market Liquidations on Ethereum Sell the News Event
The spot Ethereum ETF debut received a muted response from spot and derivatives investors. The Ether ETF launch turned out to be a sell-the-news event similar to what the industry saw in the case of spot Bitcoin ETF earlier this year in January.
The spot Ether ETF witnessed $106.6 million on debut due to a massive inflow in BlackRock Ethereum ETF. But, the net inflow dropped to $133.3 million the next day itself, causing an ETH selloff.
Overall the crypto market saw billions in market value lost in the recent liquidations as BTC price and ETH price fell 4% and 9%, respectively. Coinglass data indicates nearly $350 million in crypto liquidations, with over 81K traders liquidated in the last 24 hours. The largest single liquidation order of BTCUSDT valued at $11.78 million happened on crypto exchange Binance.
Nearly $315 million longs and $35 million shorts were liquidated, with ETH surpassing BTC in liquidations in the last 24 hours. This caused the crypto market to bleed, but it also offered a buy-the-dip opportunity.
Other reasons behind the shift in sentiment were options traders targeting lower prices amid monthly options expiry, selling by whales, Mt. Gox repayments, and weak US tech earnings season. Crypto research firms including QCP Capital and 10x Research shared a bearish outlook on ETH, with concerns over continuing weakness in the market.
Why Liquidations Will Continue
Crypto market to see monthly options expiry on Friday. Bitcoin and Ethereum prices are trading under selling pressure as traders brace for more than $5.5 billion in crypto options expiry on the largest derivatives exchange Deribit.
Over 61,194 BTC options with a notional value of $4 billion are set to expire on Deribit. The put-call ratio is extremely high at 0.60 and max pain point is at $63,000.
Also, 143,391 ETH options with a notional value of $1.6 billion to expire, with a put-call ratio of 0.46. The max pain price for Ethereum is at $3,400, above the current ETH price of $3,166.
Moreover, the PCE inflation data set to be released on Friday and the upcoming FOMC meeting featuring the Fed interest rate decision are key factors driving the crypto market lower. Traders have turned cautious ahead of these key events.
Also Read: SBI Holdings Partners Franklin Templeton To Foray Into Bitcoin ETF Market
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 leading crypto exchange Binance rattled traders and investors with its latest update to delist four token pairs shortly ahead. The exchange revealed in an official announcement this Wednesday that certain GALA, PERP, and USDT pairs will be delisted soon. In response, market participants anticipate price volatility in these assets, given that a top crypto exchange discontinues support.
Binance To Delist These 4 Crypto Pairs Soon
According to the crypto exchange’s official announcement on March 26, 4 spot trading pairs will be delisted before the month ends. Notably, GALA/BNB and PERP/BTC trading pairs are set to be delisted from the platform on March 28 at 03:00 UTC.
Also, the top crypto exchange revealed that USDT/CZK and USDT/RON trading pairs will be delisted on March 31 at 23:59 UTC. “CZK and RON are fiat currencies and do not represent any other crypto tokens,” the announcement clarified.
Why Is Binance Delisting These Trading Pairs?
As per the announcement, the delisting chronicle comes primarily to protect the platform’s colossal user base from market risks and ensure a high-quality trading experience. Following a thorough and periodic review of all assets, the exchange forges ahead with these delistings due to factors such as poor liquidity, trading volume, and regulatory compliance.
What’s More?
Furthermore, Binance revealed that ‘Spot Trading Bots’ services for the abovementioned pairs will also be terminated on the same date and time. Users are strongly advised to shut spot trading bot orders for these assets before the delisting begins.
Are Prices At Risk?
Historically, delisting on top crypto exchanges reflects a bearish market sentiment, given that the assets remain poised to witness reduced market interaction. As a result, traders and investors anticipate diminished returns ahead.
As of press time, GALA price jumped over 4% despite its delisting announcement, reaching $0.01899. The coin bottomed and peaked at $0.01825 and $0.01898 in the past 24 hours.
Perpetual Protocol (PERP) price saw a marginal 0.5% uptick in value and exchanged hands at $0.3939. Its intraday low and high were $0.387 and $0.3963, respectively. Although the coins are currently witnessing an uptick, market sentiments about future prospects remain unsure due to the Binance delisting announcement.
In another similar saga, CoinGape reported that the same exchange delisted the cryptos AERGO, AirSwap (AST), BurgerCities (BURGER), Combo (COMBO), and Linear Finance (LINA). In turn, broader sentiments about these assets’ prices also took a bearish shift amid discontinued support on a top CEX.
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.
As Ripple resolves uncertainty surrounding the XRP lawsuit settlement, speculation grows about its highly anticipated Initial Public Offering (IPO). Although the platform has not announced a specific timeline for the Ripple IPO, expert predictions suggest it may happen within the next 12 to 18 months.
Let’s explore expert predictions over the possible dates and impacts of Ripple’s public offering over the broader crypto market.
When To Expect Ripple IPO?
With Ripple dropping its cross-appeal against the Securities and Exchange Commission, the XRP lawsuit takes a significant turn. This major development has sparked increased speculations about the Ripple IPO.
During an interview with Bloomberg, Ripple CEO Brad Garlinghouse remained vocal about the platform’s long awaited public offering. He posited, “The IPO is a natural step for Ripple to diversify and secure its future in the global market.” Shedding light on the capital, Garlinghouse stated that a portion of the amount raised could be used for further developments within the Ripple ecosystem.
As Garlinghouse and Ripple remain silent about the exact date for the IPO, experts predict that the event could be possible within the next 18 months. In addition, there is a growing speculation that the platform will launch the IPO by the year end.
Isn’t IPO a Priority for Ripple?
Ripple’s CEO has downplayed the significance of an IPO for the company at present, despite growing anticipation. He stated,
I think that’s available and the company is at a stage where we can consider that. That being said, it isn’t a huge priority… We are more proactive in looking at acquisitions.
However, the public offering provides a strategic chance to strengthen Ripple’s presence among institutional investors, potentially unlocking funds that were previously withheld due to ongoing legal uncertainties. As the current regulatory environment in the US remains favorable, the platform is expected to utilize the opportunity well.
IPO To Impact XRP Price
Ripple proponent XRP Chancellor shared an enthusiastic and optimistic post, commenting on the potential impact of the imminent Ripple IPO. According to the expert, the IPO will drive up XRP’s value.
Analysts like Egrag Crypto and Ali Martinez have provided bullish predictions on the XRP price post IPO announcement. According to Egrag, XRP is poised to reach $10, whereas Ali forecasted its hike to $15.
Recently, All Things XRP, a prominent figure, shed light on the possibility of an IPO following the XRP lawsuit resolution.
How Will Ripple IPO Impact Broader Market?
Notably, the IPO is expected to have a significant impact on XRP. The IPO could spark increased institutional interest and a positive market sentiment. In addition, the IPO could bolster the platform’s legitimacy.
Meanwhile, the public offering could also influence the broader crypto market. The IPO could lead to increased mainstream acceptance of cryptocurrencies and blockchain technology. Ripple’s IPO could have a ripple effect on the cryptocurrency market, potentially boosting prices of other digital currencies as new investors enter the space. It could also lead to new partnerships and collaborations in financial and technological sectors.
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.
Grayscale Research has released its updated Top 20 list of digital assets, identifying key cryptocurrencies with strong potential for the coming quarter.
The firm updates this curated selection quarterly, reflecting its analysis of network adoption, market trends, and fundamental sustainability.
Grayscale Adds 3 Altcoins to Investment Consideration List
The latest update introduces three new assets—Maple (SYRUP), Geodnet (GEOD), and Story Protocol (IP). This suggests an inclination toward real-world applications in decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), and intellectual property (IP) tokenization.
Grayscale organizes the digital asset market into five distinct crypto sectors: currencies, smart contract platforms, financials, consumer & culture, and utilities & services. This framework allows the firm to track industry trends and assess high-growth opportunities within each category.
With the latest rebalancing, the crypto sectors now encompass 227 distinct assets with a total market capitalization of $2.6 trillion, covering the vast majority of the global crypto market.
Maple Finance (SYRUP)
Maple Finance (SYRUP) is a leading DeFi protocol specializing in institutional lending. The project operates through two core platforms: Maple Institutional, designed for accredited investors, and Syrup.fi, which serves DeFi-native users.
Over the past year, Maple Finance has grown significantly, reaching $600 million in Total Value Locked (TVL) and $20 million in annualized network fee revenue. The project aims to scale Syrup.fi to $2 billion in TVL by integrating with other DeFi protocols, including Pendle (PENDLE).
Geodnet (GEOD)
Meanwhile, Geodnet (GEOD) has emerged as a leader in the DePIN space. As the world’s largest real-time kinematic positioning provider, the network offers geospatial data with centimeter-level accuracy. It serves industries such as agriculture, robotics, and autonomous vehicles.
The network has expanded to include more than 14,000 active devices across 130 countries and has seen its revenue grow substantially. Annualized network fees increased by 500% year-over-year (YoY) to $3 million.
Geodnet’s decentralized approach presents a cost-effective alternative to centralized GPS solutions, positioning it as a critical infrastructure provider in the blockchain space.
Story Protocol (IP)
Story Protocol (IP) is tackling the growing intellectual property space by bringing IP rights onto the blockchain. With AI-generated content sparking copyright disputes, Story Protocol offers a way for companies and creators to monetize their intellectual property. At the same time, it enables investors to trade and earn royalties.
The project has already onboarded high-profile assets, including music rights for Justin Bieber, BTS, Maroon 5, and Katy Perry. It also launched its dedicated IP-focused blockchain and token in February 2025.
Grayscale Removes 3 Altcoins From its List of Investible Products
The latest update also includes the removal of three assets from the Top 20 list, comprising Akash Network (AKT), Arweave (AR), and Jupiter (JUP).
“Grayscale Research continues to see value in each of these projects, and they remain important elements of the crypto ecosystem. However, we believe the revised Top 20 list may offer more compelling risk-adjusted returns for the coming quarter,” the firm explained.
Beyond these new additions, Grayscale continues to highlight key investment themes. These include Ethereum scaling solutions, AI-integrated blockchain development, and DeFi and staking innovations. The continued inclusion of assets like Optimism (OP), Bittensor (TAO), and Lido DAO (LDO) reflects the firm’s focus on these high-growth areas.
Meanwhile, the latest Top 20 update follows Grayscale’s broader expansion into evaluating additional digital assets. In January 2025, the firm revealed nearly 40 altcoins under investment consideration. Similarly, Grayscale announced a list of 35 assets for potential inclusion in investment products in October.
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