ChainThink News, March 6: According to market data, the cryptocurrency market remained volatile and bearish overnight. Bitcoin is currently trading at $70,900, down 1.95% over 24 hours, while Ethereum is at $2,073, down 1.98% in the same period. The total market capitalization of cryptocurrencies declined by 1.7% over 24 hours, now standing at $2.487 trillion. Top-performing altcoins by price movement include:

SAHARA down 10.72% over 24 hours, now trading at $0.26;

GIGGLE down 10.7% over 24 hours, now trading at $28.56;

COOKIE down 9.8% over 24 hours, now trading at $0.02;

FIO down 9.3% over 24 hours, now trading at $0.0087;

BARD up 52.5% over 24 hours, now trading at $1.66;
KITE up 21.2% over 24 hours, now trading at $0.273;
HUMA up 18.7% over 24 hours, now trading at $0.016;
ORCA up 1.4% over 24 hours, now trading at $1.04.

In U.S. equities, major indices closed lower: the Dow Jones dropped 1.6%, the S&P 500 fell 0.57%, and the Nasdaq declined 0.2%. Crypto-related stocks saw broad declines, including:

Strategy (MSTR) down 4.53%;

Coinbase (COIN) down 1.54%;

Circle (CRCL) up 0.4%;

MARA Holdings (MARA) down 5.6%;

Riot Platforms (RIOT) down 5.3%;

BitMine Immersion (BMNR) down 3.5%;

SharpLink Gaming (SBET) down 2.46%.

According to PolyBeats monitoring, there is a 47% probability that Bitcoin will first drop to $60,000, and a 53% probability it will first rise to $80,000.