Weekly Web3 Research｜Overall Market Fluctuated Downward; White House Crypto Summit Opened High and Ended Low, Triggering Bearish Sentiment in the Market

Weekly Trend Overview

The macro economy and the White House summit affected the overall crypto market, which opened high and ended low this week, showing a relatively obvious downward trend. The external news factors were complicated, which diluted the positive impact of Trump’s announcement of the crypto war reserve last week, and brought adverse effects to the crypto market, especially the altcoins. Although the overall market has been in a downturn for most of the time recently, the performance of mainstream coins is still relatively resilient, and there has not been a large-scale decline like altcoins.

In general, the market trend was mainly volatile and downward for most of the week, and the overall market value also fell. The market sentiment remained around 20 for a week. Near the closing time of the week, most of the top mainstream coins maintained a continuous small decline, and there is no sign of recovery in the overall market.

Most mainstream cryptocurrencies showed a downward trend this week, mainly with short-term continuous declines. The possibility of market recovery in the short term is currently low and is heavily affected by the macro economy. At the same time, changes in external policy factors are more critical to market changes.

This week, the price of BTC has dropped significantly, and is now in the range of $80,600 again. There is still a risk of further decline. If it falls below the key price of $75,000, there is a probability of a compensatory decline, which will lead to large-scale liquidation. The low point of BTC is around $76,000, and the high point is around $84,000.

ETH’s price trend is similar to BTC, with a relatively larger decline. The high point of the week was around $2,142, and the low point was around $1,792. The price trends of major mainstream coins have mostly shown a continuous downward trend, and the sluggish market has intensified. The overall market value of the crypto market has dropped significantly, reaching around $2.63 trillion, a drop of 1.53% in 24 hours.

The overall decline in the crypto market this week has intensified compared with last week, and the depressed sentiment has become more serious due to the news. The current price of BTC is around $80,500, and the current price of ETH remains around $1,800.

The crypto market is in a downtrend this week, and mainstream coins lack effective upward signals. The top coin with the largest increase is TIA, but the actual increase is still limited, reaching about 8.13% in a week, which lacks practical reference significance.

The crypto market is expected to experience small-scale ups and downs this weekend, with a high probability of further decline.

Crypto Market

🔥According to Alternative.me data, the crypto panic and greed index fell to 20 on Monday, changing from panic to extreme panic, and this sentiment continued until the close of the week.

🔥The U.S. Bitcoin spot ETF market has seen outflows for four consecutive weeks. According to Farside Investors, the largest weekly outflows from ETFs in the week ending March 7 included: Fidelity Smart Origin Bitcoin Fund (FBTC) had a net outflow of $201 million, which was six consecutive weeks of outflows.

🔥According to Cointelegraph, Iliya Kalchev, Dispatch analyst at Digital Asset Investment Platform Nexo, said that Bitcoin prices will continue to be under pressure from macroeconomic developments and global trade issues. Next week, all eyes will turn to major economic events in the United States, including the Consumer Price Index, which is expected to mark a slowdown in inflation. The job vacancy report will be a key indicator of labor market strength and the potential for lower interest rates.

🔥First Digital’s CEO said that the United States’ prioritization of Bitcoin as a reserve asset consolidates its status as digital gold and sets a precedent for accelerating the development of regulatory frameworks and promoting institutional adoption worldwide.

🔥On-chain data shows that on March 10, the Salvadoran government increased its holdings by 5 BTC ($415,000), and its total holdings now reach 6,111 BTC, worth $492.5 million.

🔥Julio Moreno, head of research at CryptoQuant, wrote on the X platform about why the price of Bitcoin has fallen. Simply put, the growth of Bitcoin spot demand is shrinking, while Bitcoin’s short positions dominate the futures market.

🔥According to Cointelegraph, the Trump family’s crypto project WLFI previously announced a partnership with Sui Network and plans to include SUI tokens in its strategic token reserve “Macro Strategy.”

🔥According to Crypto.news, CryptoSlam data shows that NFT transaction volume has grown to $121.5 million this week, an increase of 15.27% from the previous week.

🔥According to News.Bitcoin, the overall market value of stablecoins increased by $7.7 billion in February, highlighting the rising demand for “digital dollars” in the crypto market. The main situation of the stablecoin market in February was: USDS market value increased by 64%; PYUSD market value increased by 49%; USDT market value reached approximately $143 billion (an increase of $2.5 billion in February alone); USDC market value increased by 7%.

🔥According to DL News, Bitwise Chief Investment Officer Matt Hougan said in an investment memo this week that Trump has changed the game’s rules in the crypto market. Establishing a strategic crypto reserve in the United States will trigger a domino effect and be seen as the first shot in a Bitcoin arms race. Honduras, Mexico, or Guatemala are paying attention to the Bitcoin strategies of the United States and El Salvador. All countries may promote Bitcoin to become an important global monetary asset.

🔥eGirl Capital partner Degen Spartan shared his views on social media, citing the classification of investment expert Charles D. Ellis, viewing modern investment as a “loser’s game,” where victory depends on making fewer mistakes.

🔥DeFi analyst Adaora Favour Nwankwo wrote on the X platform: Bitcoin’s price trend is closely related to US economic indicators. The following is a possible scenario: If a recession occurs, Bitcoin’s maximum potential drop is about $50,000; if there is no recession, its floor price is expected to be between $70,000 and $75,000.

🔥According to Walter Bloomberg, Deutsche Bank analyst Marion Laboure said that crypto volatility may remain high in the absence of clear details on Trump’s Bitcoin reserve plan.

🔥Michael Saylor, founder of Strategy, suggested that the US government acquire 25% of the total supply of Bitcoin by 2035 to establish a strategic reserve of Bitcoin.
BTC Inc. CEO David Bailey, one of dozens of insiders invited to the recent Trump crypto summit, suggested on social media that the president’s two ideas could be combined to increase crypto reserves without spending a penny.

🔥The analyst pointed out that the Fed now faces a difficult policy environment. While weaker job growth supports the case for rate cuts, persistent inflation concerns - especially those stemming from supply-side constraints and geopolitical uncertainties - may prompt the Fed to act cautiously, and the uncertain environment may put pressure on the crypto industry.

🔥Crypto prices continued to fall on Monday, as escalating tariff war tensions and weakening expectations of further interest rate cuts by the Federal Reserve offset the positive impact of a series of pro-crypto statements from the U.S. President Donald Trump last week, Bloomberg reported.

🔥According to Decrypt, Geoff Kendrick, global head of digital asset research at Standard Chartered, suggested that the U.S. government could purchase Bitcoin in several budget-neutral ways when implementing President Trump’s latest executive order.

🔥CoinDesk analyst James Van Straten wrote that since President Trump took office on January 20, the price of Bitcoin has fallen from $109,000 to $80,000, becoming a typical “sell on the news” event. This pullback has continued since the Digital Asset Summit on Friday. Although the price trend may indicate short-term bearishness, Bitcoin bulls may see it as a long-term positive catalyst because the US government has shifted from the hostile attitude of the previous administration to a more friendly stance.

🔥According to The Block, the total transaction fees generated by the Solana network last week were only 53,800 SOL, the lowest level since September 2024 and a 10% decrease from the previous week.

🔥Singapore Exchange Ltd. plans to launch Bitcoin perpetual futures, Bloomberg reported, a move by traditional exchanges to move deeper into the crypto derivatives market.

🔥Geoff Kendrick, head of digital asset research at Standard Chartered Bank, said that Bitcoin’s recent price fluctuations are consistent with the performance of risky assets such as the “Big Seven U.S. Stocks” rather than a problem with the crypto itself.

🔥10X Research analyst Markus Thielen said: Now is not the time to buy on dips because BTC may fall to the $73,000 range.

🔥According to Nate Geraci, president of The ETF Store, Franklin Templeton, which manages more than $1.5 trillion in assets, has officially joined the XRP ETF competition.

🔥According to ckpool developer Dr-ck, a miner successfully mined Bitcoin block 887212 on solo.ckpool.org using a 480GH Bitaxe miner with only 3.3TH hashrate.

🔥According to The Block, StarkWare announced that it has established a “strategic Bitcoin reserve” and will hold an increasing amount of funds in its treasury in the form of BTC.

🔥According to The Block, Pierre Gramegna, President of the European Stability Mechanism (ESM), said at a press conference after the Eurogroup meeting on Monday that the US government under President Trump’s leadership’s support for cryptocurrencies could undermine Europe’s monetary autonomy.

🔥 Clearstream, the post-trading arm of Deutsche Börse, has announced that it will provide crypto settlement and custody services to institutional clients later this year.

🔥Arthur Hayes tweeted that Bitcoin (BTC) is a global 24/7 market, with unrestricted transactions, cannot be issued in excess, failure means bankruptcy or liquidation, and no country’s finances depend on the rise of BTC.

🔥According to Decrypt, California authorities have stepped up their crackdown on crypto fraud, shutting down 26 fraudulent crypto websites and revealing that consumers lost more than $4.6 million in 2024.

🔥According to CoinDesk, the recent downturn in the crypto market has caused the once popular $120,000 Bitcoin options bet to lose its crown and be replaced by a $100,000 call option, indicating that traders are reassessing their bullish expectations.

🔥As Cointelegraph reported, the EU’s latest retaliatory tariffs have heightened macroeconomic uncertainty, prompting crypto analysts to predict that Bitcoin price volatility will increase and could fall below the key $75,000 support level.

🔥According to The Block, terms related to blockchain in U.S. Securities and Exchange Commission (SEC) documents reached an all-time high in February, with the EDGAR database recording more than 5,000 related mentions, showing a continuous upward trend since mid-2023.

🔥 According to Decrypt, the Socket Research Team discovered in a new attack that the North Korean hacker group Lazarus was linked to six new malicious npm packages that attempted to deploy backdoors to steal user credentials.

🔥Stark Bank SA, a Brazilian online-only bank backed by Bezos Expeditions, is positioning itself as the preferred banking service provider for the country’s crypto startups, betting that this area, which has been excluded by traditional lenders, will drive growth, according to Bloomberg.

🔥Massachusetts Representative Kate Lipper-Garabedian has filed a bill proposing the establishment of a special committee including members of the state legislature to investigate blockchain and crypto-related matters.

🔥Hyperliquid posted on the X platform: Regarding the comments and questions about the Ethereum long position of user 0xf3f4, we hereby clarify: there was no protocol vulnerability exploitation or hacker attack. The user had unrealized profit and loss (PNL), and then withdrew cash, which caused his margin to drop and his position was eventually forced to close.

🔥Fox Business News reporter Eleanor Terrett posted on the X platform that two reliable sources revealed that the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple is nearing its end and may end soon.

🔥According to Cryptonews, the Netherlands Authority for the Financial Markets (AFM) has fined online crypto and stock trading platform BUX 1.6 million euros for violating industry regulations by attracting new customers through financial influencers and referral programs.

🔥According to the official website, 99.2% of the additional 5% shares (5 billion tokens) of Trump’s crypto project WLFI have been sold. According to previous news, the price of the additional 5% supply of Trump’s crypto project WLFI has risen to $0.05, while the previous round of price was only $0.015.

🔥Santiment posted on the X platform that the overall trading volume of the crypto market has continued to decline since the peak trading volume on February 27 (when traders optimistically bought on dips). After further declines in the past two weeks, traders’ behavior showed fatigue, despair and capitulation. When the trading volume of major cryptocurrencies continues to decline, even during a small price recovery, it usually means that traders’ enthusiasm has weakened.

Regulatory & Macro Policies

🔥The much-anticipated White House Crypto Summit has concluded, but the results have disappointed crypto traders and failed to trigger the hot market expected by the market. Compared with Bitcoin, altcoins such as Ripple, Cardano and SOL have fallen sharply. The results of the summit were relatively lackluster, with only a commitment to develop a legislative framework for stablecoins by August and assurances of more relaxed regulatory measures. These measures failed to ignite market sentiment as expected.

🔥According to Cointelegraph, the Utah Senate has passed the HB230 “Blockchain and Digital Innovation Amendment” bill, but deleted the clause that originally allowed the state treasury to invest in Bitcoin. The bill passed with a vote of 19-7-3 and will be submitted to Governor Spencer Cox to be signed into law.

🔥US President Trump has signed an executive order to establish a strategic Bitcoin reserve and a separate digital asset reserve. In this regard, Zach Pandl, head of research at Grayscale Investments, believes that Bitcoin does not need the United States’ strategic reserves to appreciate further this year. He expects that as the adoption rate increases, the price of Bitcoin will be pushed up. At the same time, Bitcoin will begin to play a role as a means of storing value this year, especially amid concerns that Trump’s tariff policy may cause inflation to rise again.

🔥According to Bitcoin.com, the SB 21 bill previously passed by the Texas Senate is currently awaiting approval by the House of Representatives. The SB 21 bill stipulates that a fund managed by the state government will be created to hold Bitcoin and other cryptocurrencies.

🔥According to Cointelegraph, the U.S. Department of Housing and Urban Development (HUD) is considering experimenting with blockchain and stablecoins in some of its functions.

🔥According to CoinDesk, Thailand’s financial regulator, the Securities and Exchange Commission (SEC), is expanding its list of approved cryptocurrencies to include two major stablecoins, Tether’s USDT and Circle’s USDC, as trading pairs on digital asset exchanges.

🔥According to Bitcoin.com News, the Cayman Islands has updated its crypto regulatory framework and formulated new licensing regulations, which will take effect on April 1, 2025. According to the Virtual Assets (Service Providers) (Amendment) Regulations 2025, all entities providing virtual asset custody and trading platform services will need to obtain a license issued by the Cayman Islands Monetary Authority (CIMA). Existing virtual asset service providers (VASPs) must submit a license application within 90 days of the effective date.

🔥 According to CoinDesk, El Salvador has reached a cooperation agreement with Paraguay on crypto regulation. This is the second international crypto regulatory agreement signed by the country in three months, and a similar agreement has been reached with Argentina.

🔥US SEC documents show that the U.S. Securities and Exchange Commission (SEC) has postponed the approval of multiple crypto spot ETF applications, including Grayscale Spot Cardano (ADA) ETF, Canary Spot XRP ETF, Canary Spot Solana ETF, Canary Spot Litecoin ETF and VanEck Spot Solana ETF.

🔥According to IBTimes, the U.S. Securities and Exchange Commission (SEC) will evaluate a proposal to determine the definition of “exchange” to determine whether the definition can be modified to exclude entities or companies that allow crypto trading, marking another shift in the SEC’s new strategy for dealing with cryptocurrencies and digital assets.

🔥According to Cointelegraph, U.S. Senator Cynthia Lummis resubmitted the Bitcoin Act (Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025) to the 119th Congress. The bill will allow the U.S. government to hold more than 1 million bitcoins.

🔥According to The Block, South Korea’s financial regulator announced on Wednesday that it plans to issue comprehensive guidelines for institutional crypto investments in the third quarter.

🔥According to the official announcement, the Central Bank of Russia, in accordance with the instructions of the Russian President, submitted a proposal on regulating crypto investment to the government for discussion. The proposal suggests allowing a limited group of Russian investors to buy and sell cryptocurrencies.

🔥Indian authorities recently arrested Aleksej Bešciokov, the co-founder of the sanctioned crypto exchange Garantex, which has processed more than $60 billion in illicit capital flows since its establishment in 2019.

🔥The U.S. Securities and Exchange Commission (SEC) on Tuesday postponed its decision on several spot crypto ETF applications, including XRP, Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC).

Crypto Market Highlights

⭐️Last week, the decline of the crypto market has further intensified. Impacted by the macro-economy and the White House summit, external factors such as the US stock market have also continued to fall in the past week, which has affected the crypto market and caused the overall market to fall further. Most mainstream coins have shown a continuous downward trend in the past week. Overall, the possibility of a rapid recovery in the market in the short term is low in the near future, and there is still a trend of further decline in the future.

⭐️This week, the increase in TIA in the crypto market ranked first among the mainstream coins, but in fact the increase in the coin did not reach a high level. The actual increase in the mainstream coins was about 8%. After the decline at the beginning of the week, the short-term recovery momentum of the coin was not strong. The current price remained at around $3.4. It showed a relatively obvious continuous fluctuation trend, and there is still a certain downward trend.

BTC & ETH Weekly Performance

Bitcoin (BTC)

(Data Courtesy Of TradingView)

This week, the price of BTC has been falling continuously since the opening. As the White House summit did not bring the expected effect, the market fell accordingly. In addition, the decline of the US stock market has made the price of BTC fall more obviously. However, this round of decline has an overall impact on the market, but the price of BTC is relatively strong. Its price has not fallen below the key price of $75,000, and there has been a slight recovery afterwards. The price of BTC has returned to above $80,000 again, but there is still the possibility of further decline. The subsequent performance of BTC prices depends on the overall market trend changes, macroeconomic and policy factors.

Ethereum (ETH)

(Data Courtesy Of TradingView)

The price trend of ETH this week is similar to that of BTC, which is also greatly affected by external news factors. However, the price performance is not as strong as BTC. After the rapid decline in price, there is no obvious recovery, and it basically fluctuates in the range of $1,800-$1,900. The price of ETH is around $1,850, and it continues to rise and fall in a small range. The high point of ETH’s price in the week is around $2,200 during the opening period. It is expected that there will be a new round of price fluctuations during the weekend, and the probability of further decline is relatively high.

Web3 Project Trend

This week, the total market value of the seven types of projects fell across the board. The downward trend of most tracks has further intensified, and sharp declines are more common. The overall market has been greatly affected by news factors and the macro economy recently, and it is likely to fall further in the short term.