Bitcoin Plunges 15% to $83,000, Solana TVL Crashes 40% Amid $800B Market Wipeout

The cryptocurrency market has experienced severe volatility, with Bitcoin falling from all-time highs above $109,000 to around $83,000, while Solana has lost over 40% of its Total Value Locked (TVL) in just 30 days.

The cryptocurrency market has experienced severe volatility with Bitcoin falling from all-time highs above $109,000 to around $83,000, while Solana has lost over 40% of its Total Value Locked (TVL) in just 30 days.

Despite the downturn, Standard Chartered predicts Bitcoin could reach $500,000 before Trump’s term ends.

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The crypto market is showing notable volatility with an expected $800 billion wipeout affecting large assets across the board.

This adjustment comes as the SEC has dropped cases against several big cryptocurrency companies including Coinbase, Consensys, and Gemini, suggesting a possible Trump administration regulatory change.

House Democrats are preparing to present the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would prevent government officials from distributing or supporting any digital assets like the Trump token at the same time.

“Public officials should not be using their political power for personal gain,” remarked Representative Sam Liccardo.

The present downturn is being blamed on macroeconomic issues including President Trump’s tariff threats against China, Mexico, Canada, and possibly the European Union.

While pending home sales have dropped to all-time lows, U.S. unemployment claims have risen to a three-month high of 242,000, further complicating risk assets.

Bitcoin Price Prediction: $500K Next ATH Target?

From its all-time high of $109,000 attained in January 2025, Bitcoin BTC/USD has seen a recent and dramatic drop, hitting support below $82,000.

Along with this 20% drop, notable spot Bitcoin ETF outflows have reached $3.4 billion in February alone, with February 25th showing the highest single-day outflow of $1.13 billion since ETF founding.

Despite the current drop, institutional attitude remains cautiously optimistic. Head of digital assets analysis for Standard Chartered Geoffrey Kendrick forecasts Bitcoin’s value this year to be $200,000 before skyrocketing to $500,000 by the time President Trump finishes his tenure. Kendrick mentioned clearer rules and more institutional acceptance as positive triggers.

Large ETF outflows have traditionally followed price reversals according to market analysts; data indicates that in 14 cases of notable flows, Bitcoin price has moved in the opposite direction 93% of the time.

Some analysts view the ‘extreme fear’ levels the Fear & Greed Index has reached—not seen since 2022—as a possible buying opportunity.

Ethereum Stabilizes Near $2,300

Ethereum ETH/USD has seen a steep 20% sell-off; prices have stabilized close to $2,300 following a low of $2,255—levels not seen since October 2024.

Derivatives markets are showing early signs of recovery despite the dramatic drop, with 30-day ETH futures trading at a 7% premium over spot prices, recovering from 6% two days ago.

The ETH options skew remains at -2%, firmly within the neutral range of -6% to 6%, indicating remarkable resilience in the options market over the price collapse. This shows confidence from whales and major market players despite the substantial price reduction.

Solana’s memecoin sector is slowing momentum which could help Ethereum recover by allowing ETH to regain its lead in overall value locked.

Future price action will likely depend on Ethereum’s ability to deliver planned upgrades and foster the development of layer-2 solutions, thus enhancing the base layer’s utility and strengthening staking rewards.

Solana TVL Drops 40% as Memecoins Cool Off

Solana’s SOL/USD price has decreased 41% over the past month; today it trades 52% below its all-time high of $295 on January 19.

This fall coincides with a 40% drop in Total Value Locked (TVL) on the Solana blockchain, from an all-time high of $12.1 billion on January 24 to $7.4 billion now.

The main DeFi protocols in the ecosystem have seen substantial TVL declines: Raydium lost 53%; Jupiter DEX, Jito liquid staking, and Save Lending decreased 25%, 41%, and 42% respectively.

On-chain activity has also seen a downturn with weekly d7-day active addresses dropping to 1.11 million this week, the lowest since November 2024, while daily transactions have decreased to 888,000—a 76% fall from January’s peak of 4.2 million.

Solana’s memecoin sector has been particularly affected,