"Altcoin Bloodbath: Three Tokens Plunge to All-Time Lows as Crypto Market Sheds $395 Billion"

Coin WorldTuesday, Mar 4, 2025 6:43 am ET

1min read

Three altcoins reached all-time lows today as the crypto market lost $395 billion in the last 24 hours. Bitcoin fell below $85,000, triggering sharp declines across altcoins, with several hitting new lows. BeInCrypto analyzed three altcoins that reached a new all-time low today, assessing their potential for recovery.

Animecoin (ANIME) price dropped 20% in the past day, now trading at $0.0201. The decline pushed the altcoin to a new all-time low of $0.0192 after losing key support at $0.0230. The sharp downturn has increased selling pressure, making recovery more challenging without renewed investor interest. ANIME’s performance is closely tied to broader market trends, with Bitcoin and other major cryptocurrencies influencing its trajectory. If the market downturn continues, ANIME could decline further, breaching $0.0190 and setting new all-time lows. However, if investor interest returns, ANIME could reclaim support at $0.0230, shifting momentum in favor of recovering to $0.0268. A successful retest of this level would invalidate the bearish outlook, improving market confidence.

Beam (BEAM) price plunged 26%, hitting an all-time low of $0.0065 before rebounding slightly. At the time of writing, beam is trading at $0.0067, struggling to regain stability. The sharp decline reflects persistent bearish pressure, with limited signs of immediate recovery as market sentiment remains weak. The altcoin attempted to break out of its month-long downtrend but failed, leading to a loss of $0.0082 support. If the downward momentum continues, BEAM could fall further, potentially setting new all-time lows below $0.0060. Sustained selling pressure may delay any short-term price recovery. However, reclaiming $0.0082 as support could invalidate the bearish outlook. A breakout above this level would allow BEAM to escape the downtrend and target $0.0092. Strengthening buying interest at this stage would be crucial in reversing the negative trend.

Balancer (BAL) has been in a downtrend since mid-January, failing to break the

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.