March 16, 2025
Crypto

Crypto Market Cap Slumps 5.2% in Seven Days


The crypto market capitalization fell over the last seven days although slight upticks have been recorded today as the price rebounds. The total market cap plunged 5.2% this week as sentiments plummeted across Bitcoin (BTC), altcoins, and memecoins. 

The low sentiments saw the price of Bitcoin drop below $61,000 although net inflows have been recorded in multiple assets. Despite the crypto market’s bottom, several bulls are keen on a future market rise with the increased market and macroeconomic conditions. 

Bitcoin and Altcoins Post Weekly Losses 

The wider crypto market recorded lows with some assets showing double-digit losses. Market leader Bitcoin saw 0.9% weekly losses as its 2% daily gains wiped off losses. Recent flows place the monthly performance of BTC in the green zone above 1.3%.

Ethereum and Solana posted weekly outflows of 4.30% and 4.50% respectively. Both assets have also seen daily gains as the crypto market picked up on Monday. Ethereum has seen short-term losses due to reduced institutional investment in its products. Despite anticipation, for spot Ethereum ETFs, sentiments have slowed in recent weeks. 

Ripple (XRP) tanked 6.85% in the last seven days amid its ongoing lawsuit with the Securities and Exchange Commission (SEC). Avalanche (AVAX) and Chainlink (LINK) posted larger weekly losses of 12.92% and 8.27%. Memecoins also recorded plunging figures as investors moved funds away from risky assets. Dogecoin (DOGE) and Shiba Inu (SHIB) showed losses of 5% and 3% respectively. 

Amid falling figures, Toncoin (TON) and TRON (TRX) traded against the market with gains in the last seven days. 

Factors Behind The Crypto Market

The short-term fall in the crypto market cap was due to reduced institutional investment in the market as a result of plunging sentiment. The SEC’s approach to crypto regulation has made investors skeptical of the market. 

Despite this plunge, crypto bulls tip a run on the back of an anticipated increase in macroeconomic factors. The stock market has also seen slight upticks with uses anticipated similar inflows to stocks. 

Also Read: 4 Altcoins To Buy Before Altcoin Season Starts

David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.



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