Today the cryptocurrency market suddenly came under selling pressure due to unexpected data released in the United States. Here are the details.
On March 4, the price of the leading cryptocurrency briefly exceeded $74,000, reaching this level for the first time in a month.
Today, $XRP is trading around $1.3599, up 0.20% after consolidating within a symmetrical triangle that has been tightening since mid-February. This move places buyers and sellers in equilibrium amid rising institutional flows, as Ripple announces a major enterprise expansion.
The price of $XRP continues to move within a prolonged downtrend. This trend has limited sustainable upside for several months. The asset has attempted multiple times to break key resistance levels but without success. Although short-term market sentiment has slightly improved, the broader macro structure remains unstable.
On March 2, Bitcoin ($BTC) continued range trading within $63,000–70,000, reaching the upper boundary of the corridor after a rebound from the lower boundary began at the end of February.
The price of Solana has remained within a sideways trend for nearly a month. Quotes are compressed inside a narrow horizontal structure, where the price has repeatedly tested support and resistance levels. Prolonged consolidation has led to a significant decline in volatility. As a result, investor behavior is becoming the key factor in determining the direction of the next market impulse.
XRP held above $1.30 and began recovering, similar to Bitcoin and Ethereum. The price managed to climb above $1.3250 and $1.350, entering a short-term positive zone.
Bitcoin fell below $63,000, further reinforcing February’s downtrend. Over the month, the asset has lost about 30%, indicating not only short-term volatility but also structural market weakness. The pressure stems from two key factors: large-scale selling by miners and shrinking institutional demand through exchange-traded funds.
For most of this month, Bitcoin has been trading around $60,000. That part is unremarkable. What is interesting is the emerging split in coin ownership that could influence what happens next.
The asset’s price dynamics over recent months show a sharp decline amid investor outflows. This process was not isolated. At the same time, a comparable collapse in network engagement metrics occurred. Trading volume on decentralized exchanges has reached a six-month low.
To determine the long-term trend, investors should monitor four key realized price levels of Bitcoin holders, according to CryptoQuant analyst Burak Kesmeçi.
The past three months have been eventful for $XRP, showing how quickly the crypto market can change. From December 2025 to February 2026, the asset went through three distinct phases: stability, strong growth, and then a correction due to broader market weakness
Bitcoin is closing its fifth consecutive month in the red. At the same time, the asset has not yet shown signs of forming strong support. On-chain data also indicate persistent selling pressure. As a result, the market risks facing another wave of decline.
The price of XRP has once again approached the session lows, while inflows of tokens to exchanges are increasing pressure on critically important support levels. All of this comes ahead of Ripple Community Day.
Financial analysts are studying the direction Bitcoin will take after it exits the current downward trend.
Bitcoin’s price fell below $90,000, with the intraday trading range fluctuating between $87,304 and $90,295, indicating a tense standoff between buyers and sellers. The market is on the verge of determining its direction.
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