Crypto Market Records Mixed Performance Amid Persistent Fear

The crypto market has witnessed mixed developments across diverse assets as of March 31, 2025. As per the data from Phoenix Group, the Fear & Greed Index shows extreme “fear” at 24. After slightly recovering last week, the index has again fallen in the red zone. The crypto analytics firm provided the market overview in its recent X post.

Daily Summary on March 31, 2025$IP $ZEC $XDC $FLR $TON $ETH $BTC $XRP $SOL $DOGE#dailysummary #DeFi #Crypto pic.twitter.com/wK5Z0dqhhf

— PHOENIX – Crypto News & Analytics (@pnxgrp) March 31, 2025

Bitcoin’s Market Dominance Reaches 61.4%

The market data discloses that the top crypto asset Bitcoin ($BTC) has touched $81,933 in terms of price. In addition to this, the market dominance of the key crypto asset has reached 61.4%. This suggests Bitcoin’s consistent position in the overall crypto landscape. Apart from that, the DeFi-related total value locked of Bitcoin has gained the $129.41B mark in terms of value. Simultaneously, the ratio between the long and short Bitcoin positions indicates 49.61% longs and 50.39% shorts.

Ethereum Stands atop in Crypto Liquidations, Loses $66.24M over 24 Hours

On the other hand, the chief altcoin Ethereum ($ETH) is currently changing hands at nearly $1,794. Parallel to this, the current market dominance level of Ethereum is standing at up to 8.2%. Additionally, Ethereum reportedly accounts for 1 GWEI in $ETH gas. Another key development dealing with Ethereum is its liquidation. The market data highlights that Ethereum has gained the 1st position among the crypto assets that recorded staggering liquidations over the past twenty-four hours. Its cumulative liquidation in this timeframe equals $66.24M.

The other projects in the case of liquidations include $BTC, $XRP, $SOL, and $DOGE. Particularly, $BTC saw a liquidation reaching $65.32M. Concurrently, $XRP’s total 24-hour liquidation accounts for $8.79M. Coming after this, $SOL’s overall liquidations touched $7.18M. However, $DOGE’s liquidations reached $5.22M during the last 24 hours. These liquidations point toward the short-term decrease in investor interest in the respective crypto assets.

$IP Leads Crypto Projects Witnessing Dips and Bounces

Phoenix Group’s market data also displays the top crypto assets going through dips and bounces over the past 24 hours. Specifically, $IP plunged by -7.90% to subsequently jump by 8.19%. Following that, $ZEC’s -0.80% dip led to a 7.60% bounce back. Along with that, $XDC beheld a 4.56% rise after a -1.26% slump. Besides, $FLR saw a -2.99% drop that was followed by a 4.53% price jump. Furthermore, $TON recorded a 4.00% upsurge after a -2.23% decrease.