The cryptocurrency market saw a sharp drop this Friday, March 28, with Bitcoin and Ethereum recording their weekly lows, amid a scenario of liquidations that surpassed the US$450 million mark.
The turmoil in the crypto sector coincides with instability in traditional stock markets, which have also felt the impact of higher-than-expected inflation data in the US market. Investors are reacting to inflation fears and the impact of trade tariffs imposed by US President Donald Trump.
Bitcoin, the leading cryptocurrency on the market, is currently trading above the $83 mark, down approximately 4% in the last 24 hours. Ethereum, in turn, suffered an even greater decline, with a 6.6% devaluation, quoted at $1,875.60. XRP followed the trend, with a 7.2% drop, reaching the $2.18 mark. In addition, Solana and Dogecoin also registered significant losses today, with drops of 6.9% and 5.6%, respectively.
This downward movement triggered a wave of liquidations in the market, with a total of US$450 million in positions being liquidated in the last 24 hours, according to data from the CoinGlass platform. The largest single liquidation order took place on the Bybit exchange, with the BTCUSD asset worth US$10 million.
Bitcoin Price Retreats to $85K Support After Failing to Test $90K
On the morning of this Friday, March 28, 2025, Bitcoin was negotiated at around US$85,000, equivalent to R$491,035.24. The cryptocurrency, which faced recent volatility, was unable to sustain an upward trend and, instead of testing the US$90 resistance, saw its value decrease by 2.5%, putting the crucial support of US$81 at risk.
This movement indicates a cautious market that may be reacting to a combination of economic and regulatory factors. The pressure on Bitcoin in this price range suggests that investors are carefully evaluating their next steps while monitoring market conditions that may influence the cryptocurrency’s behavior.