Best Crypto to Buy Today 3 March – FGHT, CSPR, METRO, EOS, CCHG, TARO
The crypto market continues to struggle today, with Bitcoin and Ethereum dropping by 3.6% and 3.23%, respectively, despite a rebound in other risk assets like stocks.
The decline is at least partly linked to the uncertain future of Silvergate Capital Corporation, whose share price plummeted 49% after delaying its annual report to the Securities and Exchange Commission, prompting major crypto firms to sever ties with the bank.
As a result, over $235 million in liquidations were triggered in the past 24 hours, with Binance and OKX experiencing the most liquidations.
Bitcoin has seen a drop to around $22,356 today as of writing, while Ethereum has fallen to $1,568. The decline also impacted other digital currencies, such as Dogecoin, which slipped by 4.45%, Cardano, which is down by 1.75%, and XRP, which is down 2.22%.
According to Coinglass data, the dip in crypto prices resulted in liquidations of $235.41 million over the past 24 hours. Most liquidations were triggered by sharp price dips, with Binance and OKX experiencing the most liquidations at over $85.16 million and $75.22 million, respectively.
The cryptocurrency-focused bank, Silvergate, faces potential bankruptcy and an inability to repay its debts, prompting Coinbase, Circle, Paxos, and others to sever all ties with the bank.
In light of the recent slump in the crypto market, it's crucial to consider fundamental and technical analyses when evaluating investment options. Based on such analyses, FGHT, CSPR, METRO, EOS, CCHG, and TARO are among the best crypto to buy today.
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