Crypto Market Today (March 13): BTC Tops $84K, Meme Coin Surge Leads Gains, with DOGE, SHIB, and PEPE Soaring!

The cryptocurrency market showed robust performance on March 13 because the release of cooling U.S. inflation data restored investor confidence. Bitcoin’s price increase beyond the $84K threshold helped to ease market concerns about a potential downturn. The positive macroeconomic climate helped Ethereum (ETH), XRP, and Solana (SOL) maintain their position in the green along with other major altcoins.

Bitcoin Price Surge Amid Market Optimism

Bitcoin, which stands as the top cryptocurrency, achieved a 2% increase in value to hit an intraday peak of $84,358.58. The asset made a robust comeback from its recent turbulent session after hitting a low point of $80,635.25. A surge in Bitcoin prices led to a futures open interest (OI) increase of 3% to reach $47.72 billion, thus marking stronger investor involvement. Bitcoin strengthened its market position when its dominance increased by 0.08% to reach 61.36%.

Chart 1 – BTC/USD Live Price, published on TradingView, March 13, 2025. 

Ethereum and XRP Gain Amid Bullish Sentiment

Ethereum (ETH) recorded a slight rise of 1%, bringing its trading value to $1,889. The coin experienced daily value movements between $1,832.02 and $1,954.57. Ethereum’s market share declined by 1.66% to 8.4% despite recent price increases because investors temporarily shifted their attention to Bitcoin. ETH futures Open Interest increased by 1.5% to reach $17.59 billion which shows ongoing market engagement.

Chart 2 – ETH/USD Live Price, published on TradingView, March 13, 2025.

XRP from Ripple showed a substantial 3% rise that brought its value up to $2.24. Market speculation about a possible XRP ETF drove the surge because it may lead to substantial institutional investments in the asset. The futures open interest of XRP jumped almost 4% to reach $3.04 billion marking a positive trend for this digital asset.

Altcoins and Meme Coin Surge in the Market

Solana (SOL) followed the overall market trend by advancing 2% to finish at $125. The coin’s price fluctuated between $121.37 and $130.66 while its futures open interest rose by 2.5%, reaching $3.64 billion. 

Chart 3 – SOL/USD Live Price, published on TradingView, March 13, 2025.

The market expectations for risk assets improved which fueled the meme coins surge. The price of Dogecoin (DOGE) rose 5% to reach $0.1707, and Shiba Inu (SHIB) gained 2.5% to hit $0.00001228. Pepe Coin (PEPE) took the lead with an 18% increase which took its price to $0.000007316.

Market Developments and Future Outlook

The crypto market now faces impending macroeconomic changes, while recent U.S. Consumer Price Index (CPI) data delivered essential support. The Consumer Price Index saw a drop from 0.3% in January down to 0.2% in February, while annual inflation decreased from 3.0% to 2.8%. Investors historically gain confidence in risk assets such as cryptocurrencies during periods of inflation reduction.

The Crypto market outlook stays strong because core inflation dropped to a multi-year low of 3.1% when excluding volatile food and energy prices. Financial experts predict that current market trends will establish stable conditions that will maintain the upward trend of digital assets.

Optimism Prevails in the Crypto Market

According to a Santiment report, Bitcoin’s total number of holders has risen to 54.71 million, near its record high of 54.72 million. The growing user base and positive economic environment indicate that predictions for the crypto market outlook remain optimistic. Market observers who evaluate future economic reports and trends predict digital assets will effectively manage upcoming market fluctuations and continue their upward movement.

Bitcoin's total amount of holders (non-empty wallets) has exceeded 54.71M, which is within 0.018% of the all-time high (~54.72M) established on January 19, 2025. This is partially due to $BTC network growth, and larger wallets splitting into smaller ones. But this does… pic.twitter.com/DW1BP1Ns1a

— Santiment (@santimentfeed) March 13, 2025

The complete crypto market capitalization increased by 1.65%, reaching $2.71 trillion, strengthening a supportive sentiment among traders and investors. As inflation cools and market sentiment improves, cryptocurrency investors experience renewed optimism. Bitcoin’s price surge beyond $84K, together with the sustained performance of important altcoins, demonstrates market stabilization following recent market volatility.

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