Crypto Weekly Market Wrap 10th March 2025: A Turbulent Week for Digital Assets

The cryptocurrency market experienced significant volatility last week, losing $440 million in value. Currently, the total market capitalization dropped to $2.53 trillion. Meanwhile, significant regulatory and policy shifts shaped the landscape, with President Donald Trump unveiling a Strategic Bitcoin Reserve. Here is a detailed look at the crypto weekly market wrap on 10th March 2025.

White House Crypto Summit Sets Policy Direction

The White House Crypto Summit saw discussions related to digital assets, stablecoins, and investment in artificial intelligence. The US government also revealed the creation of a Strategic Bitcoin Reserve while pledging $100 billion for the development of AI semiconductors.

These policies indicate more governmental trends toward recognizing digital commodities in the overall economy. They also highlighted factors that may affect Web3, blockchain, and AI-based financial solutions in the future.

Trump Signs Executive Order for Bitcoin Reserve

Former President of the United States of America, Donald Trump, signed an executive order to develop the Strategic Bitcoin Reserve. This reserve will be made from the government’s Bitcoin stash, specifically to minimize the chances of it banning BTC. Also, a Digital Asset Stockpile will be able to hold other cryptocurrencies that will be seized.

The magnitude of such reserves could be around 200,000 BTC; however, an audit is still to be conducted. Commerce Secretary Howard Lutnick noted that Bitcoin may get a special status in the US framework of a digital asset.

U.S. States and Global Governments Consider Bitcoin Reserves

Bitcoin reserves by several U.S. states were adopted last week. Texas has passed the Senate bill regarding establishing Bitcoin reserves, and the governor is keen to make Texas the hub of digital assets. New Hampshire took the latest step ahead in bitcoin legislation as the House committee approved a bitcoin reserve bill. Utah passed a related bill but did not include the element of digital reserve.

At the same time, Brazil’s treasury board approved the disbursement of 10% for a Bitcoin stock holding. China also stepped up legislative activity regarding the adoption of a strategic Bitcoin reserve.

U.S. and Allies Shut Down Russian Crypto Exchange Garantex

Law enforcement agencies from the USA, Germany, and Finland have seized the Russian cryptocurrency exchange Garantex. It was particularly stated that the platform was used for criminal purposes, such as paying for ransomware and conducting transactions via the darknet. The United States Department of Justice stated that Garantex’s domains and servers were seized and that investigators collected client and accounting data.

The sting operation involved several departments, including the Secret Service, the FBI, and Interpol. In addition, regulators also seized $26 million in proceeds from the scheme that are associated with the exchange. Moreover, Tether had $27 million USDT related to the operations of Garantex frozen. Two administrators are charged with money laundering and conducting financial business without licenses.

Binance to Delist Non-MiCA Stablecoins in the EEA

Binance will delist stablecoins that do not meet the provision of the Markets in Crypto-Assets Regulation (MiCA) not later than 31st of March. Residents of the EEA will have to swap tokens that are not compliant with the directive to USDC, EURI, or EUR. 

Starting from March 31, non-compliant stablecoins will be barred from trading, lending, and features such as Binance Earn. However, customers can only deposit, withdraw, and hold these assets. Binance has advised its users to make adequate preparations to ensure that they do not get affected by the change. Pursuant to the MiCA regulations, issuers of stablecoins are expected to have at least 60% of their reserves in European banks.

Gemini Files for IPO, Kraken Plans Public Offering by 2026

Gemini, an exchange run by the Winklevoss brothers, Tyler and Cameron Winklevoss brothers has declared their intention to go public through an IPO secretly. The company is in partnership with Goldman Sachs and Citigroup; however the timescale is yet unknown. Bloomberg stated that Gemini had disclosed its intention to go public after settling on its regulatory matters. Moreover, Kraken is also looking for a public offering before the year 2026.

Nasdaq to Implement 24-Hour Trading in 2026

Nasdaq seeks to launch around-the-clock trading on its flagship US market with a view to implementing it in mid-2026. The efforts are intended to increase the global reach and depth of the market. Nasdaq’s president, Tal Cohen, supported the decision, stating that the move would bring international players and alter the market dynamics.

Currently, the company is in the process of considering this initiative with the relevant authorities. Cboe Global Markets and the Intercontinental Exchange, operator of the New York Stock Exchange are also considering similar extended trading models.

Ripple Allocates $50 Million to National Cryptocurrency Association

Ripple donated $50 million to the newly formed National Cryptocurrency Association (NCA), whose aim is to spread awareness about cryptocurrencies among consumers in America. According to a recent survey, 81% of the individuals in the United States involved in using cryptocurrencies are eager to learn more about digital assets.

Stuart Alderoty, Ripple’s legal director, will act as the NCA president. The association provides factual non-partitioned information in order to support adoption responsibly. Research also revealed that currently, 21% of U.S. adults engage in the use of digital assets, and 76% of the users have had positive financial experiences.

World Liberty Financial Partners with Sui for Strategic SUI Reserve

Sui joined forces with World Liberty Financial (WLFI), owned by Donald Trump, to set up a Strategic SUI Reserve. WLFI will adopt Sui’s blockchain solutions to improve financial architecture. WLFI’s Web3 ambassador, Eric Trump, also mentioned that scalability was the primary reason for using Sui.

The reserve will hold SUI tokens to support blockchain-based financial initiatives. Mysten Labs co-founder Evan Cheng noted that the collaboration could reshape digital asset management in the decentralized finance sector. WLFI’s initiative aligns with efforts to strengthen U.S. influence in blockchain innovation.

Crypto Market Overview

Digital asset investment products experienced a fourth straight week of outflows, reaching US$876 million. This trend has now erased US$4.75 billion from the market, pushing total assets under management to US$142 billion, the lowest since November 2024. The negative price movements and persistent selling pressure have contributed to this decline. Although outflows have slowed, investor sentiment remains bearish.

Bitcoin led the downturn with US$756 million in outflows, while short-bitcoin also saw US$19.8 million exit, signaling reduced hedging activity. U.S. investors accounted for US$922 million in withdrawals, whereas other regions viewed the dip as an opportunity to buy.

Bitcoin (BTC)

Bitcoin’s price plunged below $80,000, triggering a massive $685 million liquidation across the crypto market. The broader market also saw steep declines as selling pressure intensified. The White House Crypto Summit and Donald Trump’s anticipated crypto reserve announcement failed to boost sentiment.

Bitcoin’s drop came after it faced rejection at the $93K region, extending its weekly losses to 11.15%. In addition, BTC has led the broad market sell-off, with $270.75 million in liquidations. According to CryptoQuant data, long liquidations surged to 14,714, reflecting increased forced sell-offs.

At press time, BTC is trading at $77,710, down 5.70% in the past 24 hours. Its market cap and trading volume stand at $1.54 trillion and $54.59 billion, respectively. Technical indicators on the daily chart display a bearish outlook for BTC’s price action. Indicators such as the Relative Strength Index (RSI) and Chaikin Monet Flow (CMF) have dropped into negative territory. 

The RSI currently hovers in the oversold region at 32 indexes, indicating increased selling pressure. Should the current trend hold, BTC’s price could drop further. Moreover, the CMF is dropping and could head to the negative region as the outflows continue to dominate.

Ethereum (ETH)

Ethereum briefly dropped below $2,000 as selling pressure intensified. The price fell to $1,812 on Monday before recovering to $1,860 at press time. Many traders anticipated a bounce at this level, but institutional sell-offs added to the volatility. The crypto market faced strong liquidation activity, with Ethereum recording $117.96 million in futures liquidations.

Buyers stepped in near the $2,000 mark, suggesting demand remains strong. However, selling pressure limited gains. Long positions saw $81.01 million in liquidations, while shorts accounted for $36.94 million. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have dropped below the neutral zone indicating a strong bearish momentum. 

The RSI at 30 index suggests an oversold sentiment as the sellers dominate the market. ETH’s price could drop further if the selling pressure doesn’t weaken. In addition, the MACD continues to lie in the negative territory as the MACD line drops further below the signal line.