Bitcoin Drops 2% Amid $78.88M Liquidations, TRUMP Meme Coin Surges 12%

The crypto market experienced significant fluctuations on March 14, with Bitcoin (BTC) slipping below $82,000 during early Asian trading hours. This decline was accompanied by a mixed performance among altcoins, while TRUMP, a meme coin, surged by 10%.

Bitcoin's price dropped by over 2%, trading at $81,998. The 24-hour low and high for BTC were $79,931.85 and $84,158.76, respectively. The decline in Bitcoin's price was attributed to liquidations worth $78.88 million over the past day, which contributed to the volatility. Additionally, Bitcoin's market dominance decreased by 0.51% to 60.80%, suggesting that altcoins were performing relatively better.

Ethereum (ETH) also experienced a slight dip, with its price decreasing by 0.3% to $1,888. The 24-hour low and high for ETH were $1,823.53 and $1,919.69, respectively. Ethereum recorded liquidations worth $37.27 million over the past day. ETH's market dominance remained at 8.5%, indicating that other altcoins were gaining traction.

XRP, the native token of Ripple, saw a 2% increase in price, closing at $2.28. The coin's 24-hour low and high were $2.22 and $2.34, respectively. This price surge coincided with Ripple securing a DFSA license, allowing it to expand into Dubai's market. This development is significant as it comes amidst global efforts to approve ETFs.

Solana (SOL) followed the broader market trend, with its price falling by nearly 1% to $124. The 24-hour low and high for SOL were $120.91 and $128.16, respectively. Solana recorded slight liquidations worth $8.61 million in the past 24 hours.

In the meme coin sector, Dogecoin (DOGE) and Shiba Inu (SHIB) experienced declines. DOGE's price fell by 2% to $0.1680, while SHIB's price decreased by 0.5% to $0.00001227. Pepe Coin (PEPE) also saw a 7% drop to $0.000006797.

TRUMP, a meme coin, emerged as the top gainer, with its price surging by 12% to $11.81. Other notable gainers included Kava (KAVA), which saw an 8% increase to $0.4681, and Sonic (S), which rose by 7% to $0.5004. On the other hand, Story (IP) was the top loser, with its price dropping by 9% to $5.72. Ethena (ENA) and Movement (MOVE) also experienced significant declines, with ENA's price falling by 8% to $0.3351 and MOVE's price decreasing by 6% to $0.4477.

Overall, the crypto sector experienced a bearish movement, despite recent optimistic developments such as the U.S. strategic Bitcoin reserve announcement. The market's volatility was exacerbated by macroeconomic factors, including Trump's tariffs saga, which continued to put pressure on risk assets globally.