72% of Cryptos in the Red as Bitcoin and Ether Struggle

On Sunday, the global cryptocurrency market experienced a 2.02% decline, settling at $2.69 trillion as bitcoin, ether, and several leading digital assets posted losses. Bitcoin dipped below the $83,000 threshold, reaching an intraday low of $82,397 per coin.

Crypto Market Sees $47B in Trading, Down 34% From Previous Day

Over the past 24 hours, global crypto trade volume has amounted to $47.63 billion, marking a 34.65% decrease from the previous day. Bitcoin (BTC) has fallen 1.67% after hitting $82,397 around 7:30 a.m. Eastern Time on March 16.

BTC/USD via Bitstamp 1H chart on March 16, 2025.

Ethereum (ETH) has dropped 2.45%, while cardano (ADA) leads losses among the top ten assets, shedding 4.7%. Meanwhile, XRP is down 4.6%, and DOGE has declined by 3.3% over the same period.

ETH/USD via Bitstamp 1H chart on March 16, 2025.

Bitcoin currently commands 60.8% of the total $2.69 trillion market, with a capitalization of approximately $1.63 trillion. Ethereum holds an 8.4% share, bringing its valuation to $226 billion.

Nearly 72% of all cryptocurrencies are in negative territory today. WEMIX has recorded the steepest loss, falling 8.73% against the U.S. dollar. SNEK has also dropped 8.73%, while TRAC is down 8.67%, KAITO has fallen 8.41%, and both RON and HYPE have lost 7.6% and 6.57%, respectively.

So far on Sunday, $159.57 million in derivatives positions have been liquidated, with long bets accounting for $112.45 million of that total. Among these, $28.53 million in bitcoin longs and $25.75 million in ether longs were erased.

As of 7:30 a.m., data from coinglass.com reveals that 81,840 traders have been liquidated across the crypto derivatives market. Despite the widespread downturn, tokens within the TON ecosystem have seen an uptick following the return of Pavel Durovs passport by French authorities on March 15.

Notcoin (NOT) has surged 15.07%, while TON has gained 14.69% in the wake of the passport development. Nevertheless, the broader crypto market remains in a bearish state, prompting a heightened sense of caution among market participants.