Web3 Investment Research Weekly|This week, the market as a whole fluctuated and fell again; The White House crypto summit opened higher and moved lower, triggering bearish sentiment in the market

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Quick Facts of the Week

This week, the crypto market as a whole was affected by the macro economy and the White House summit, and there was a relatively obvious downward trend. The positive impact of Trump's announcement last week on the crypto war was somewhat mixed, which had an adverse impact on the crypto market, especially altcoins. Although the overall market has been in a downturn for most of the time recently, the performance of mainstream currencies is still relatively resilient and has not seen a large-scale decline like altcoins.

Overall, most of the week was dominated by a volatile downward trend, and the overall market value also fell, and the market sentiment basically remained around 20 for a week. At present, near the closing session of the week, most of the top mainstream currencies have maintained a continuous slight decline, and the market as a whole has no signs of recovery.

At present, the probability of market recovery in the short term is low, and the macroeconomic impact is heavier, and at the same time, changes in external policy factors are more critical to the changes brought by the market.

This week, the price of BTC has fallen significantly, and now it is in the range of $80,600 again, there is still a risk of further decline, and there is a probability of making up for the decline after falling below the key price of $75,000, which will trigger a large-scale liquidation. BTC reached a low of $76,000 and a high near $84,000 this week.

The price movement of ETH is similar to that of BTC, with a relatively larger decline, with a weekly high of around $2,142 and a low of around $1,792. This week, most of the price trends of key mainstream currencies showed a continuous downward trend, and the downturn intensified. The growth of the overall market capitalization of the crypto market has decreased significantly compared to the same period last week, reaching around $2.63 trillion, a decrease of 1.53% in 24 hours.

Compared with last week, the overall decline in the cryptocurrency market this week has further intensified, and the overall downturn has become more serious due to the news. The current price of BTC has come to around $80,500. ETH is currently trading around $1,800.

This week, the crypto market as a whole is in a downward trend, and mainstream coins lack effective upward signals. The largest increase in the top currency this week is TIA, but the actual increase is still limited, reaching about 8.13% in a week, lacking practical reference significance.

At the end of this week, the overall cryptocurrency market is expected to have a small range of ups and downs, and the probability of further decline is high.

Crypto market

🔥 According to Alternative.me data, the crypto panic and greed index fell to 20 on Monday, turning from panic to extreme panic, and this sentiment continued into the closing session of the week.

🔥 The U.S. Bitcoin spot ETF market saw outflows for four consecutive weeks. According to Farside Investors, the largest weekly outflows from ETFs in the week ended March 7 included: Fidelity Wisdom Origin Bitcoin Fund (FBTC) had a net outflow of $201 million, 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, and that next week all eyes will turn to major economic events in the United States, including the consumer price index, which is expected to signal a slowdown in inflation, And the job vacancy report will be a key indicator of the strength of the labor market and the potential for lower interest rates.

🔥First Digital's CEO said that the U.S. prioritizing Bitcoin as a reserve asset not only solidifies its position as digital gold, but also sets a precedent for accelerating global development of regulatory frameworks and driving institutional adoption.

🔥 On-chain data shows that 2 hours ago, the government of El Salvador 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, posted on the X platform why the price of bitcoin is falling, simply put, the current growth of bitcoin spot demand is contracting, and at the same time, short positions in bitcoin dominate the futures market.

🔥 According to Cointelegraph, the Trump family 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 trading 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. PYUSD's market capitalization increased by 49%; USDT's market capitalization reached about $143 billion ($2.5 billion was added in February alone); The USDC market cap 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 rules of the game in the crypto market, and that the establishment of a crypto strategic reserve in the United States will trigger a domino effect and be seen as the first shot in a Bitcoin arms race in the world, and that Honduras, Mexico or Guatemala are watching the Bitcoin strategy of the United States, El Salvador, Countries are likely to push Bitcoin to become a globally important monetary asset.

🔥Degen Spartan, a partner at eGirl Capital, shared his views on social media, quoting investment expert Charles D. Ellis's classification, which sees modern investing as a "loser's game," where victory depends on making fewer mistakes.

🔥DeFi analyst Adaora Favour Nwankwo posted on platform X: Bitcoin's price action is closely related to U.S. economic indicators. The following is one of the possible scenarios: in the event of a recession, the maximum potential drawdown of bitcoin is about $50,000; If there is no recession, the floor price is expected to be between $70,000 and $75,000.

🔥 According to Walter Bloomberg, Deutsche Bank analyst Marion Laboure said that cryptocurrency volatility is likely to remain high in the absence of clear details of Trump's bitcoin reserve plan.

🔥Michael Saylor, founder of Strategy, suggested that the U.S. government acquire 25% of Bitcoin's total supply by 2035 in order to build a strategic reserve of Bitcoin.

🔥BTC Inc. CEO David Bailey, one of dozens of insiders invited to the recent Trump Crypto Summit, took to social media to suggest that the president's two ideas could be combined to increase crypto reserves without spending a penny.

🔥 The analyst noted 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 uncertainty – could prompt the Fed to proceed cautiously, while an uncertain environment could weigh on the crypto sector.

🔥 According to Bloomberg, crypto prices extended their decline on Monday, with escalating tariff war tensions and weakening expectations of further interest rate cuts by the Federal Reserve offsetting the positive impact of a series of pro-crypto statements by US President Donald Trump last week.

🔥 According to Decrypt, Geoff Kendrick, global head of digital asset research at Standard Chartered, suggested that the U.S. government could buy bitcoin in several budget-neutral ways as it executes President Trump's latest executive order.

🔥James Van Straten, an analyst at CoinDesk, posted that since President Trump's inauguration on January 20, the price of bitcoin has fallen from $109,000 to $80,000, becoming a classic "sell on the news" event. This pullback has continued since Friday's Digital Asset Summit. While price action may signal short-term bearishness, Bitcoin bulls may see it as a long-term positive catalyst as the US government has shifted from a hostile stance from the previous administration to a more friendly one.

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

🔥 According to Bloomberg, Exchange Ltd. (Singapore Exchange Ltd. ) plans to launch Bitcoin perpetual futures, which is a move by traditional exchanges to further penetrate the cryptocurrency derivatives market.

🔥 Geoff Kendrick, head of digital asset research at Standard Chartered Bank, said that Bitcoin's recent price volatility is consistent with the performance of risk assets such as the "Big Seven", rather than the cryptocurrency itself.

🔥Markus Thielen, an analyst at 10X Research, said that this is not the time to buy the dip, as BTC could fall to the $73,000 range.

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

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

🔥 According to The Block, StarkWare announced that it has built a "strategic bitcoin reserve" and holds more and more of the funds in its treasury in BTC.

🔥 Pierre Gramegna, president of the European Stability Mechanism (ESM), said at a press conference after the Eurogroup meeting on Monday that the U.S. government's support for cryptocurrencies under President Trump could hurt Europe's monetary autonomy, The Block reported.

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

🔥Arthur Hayes tweeted that Bitcoin (BTC) is a globalized 24/7 market, trading is unrestricted, it cannot be issued, failure means bankruptcy or liquidation, and no country's finances depend on BTC to rise.

🔥 According to Decrypt, authorities in California have stepped up their crackdown on cryptocurrency fraud, shutting down 26 fraudulent cryptocurrency websites and revealing the fact 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, suggesting that traders are reevaluating their bullish expectations.

🔥 According to Cointelegraph, the EU's latest retaliatory tariffs have exacerbated macroeconomic uncertainty, prompting crypto analysts to predict that bitcoin price volatility will intensify and it could fall below the key $75,000 support level.

🔥 According to The Block, the terminology referring to blockchain in SEC filings reached an all-time high in February, with the EDGAR database recording more than 5,000 related mentions, showing a consistent upward trend since mid-2023.

🔥 According to Decrypt, the Socket research team found in a new attack that the North Korean hacking group Lazarus was linked to six new malicious npm software packages that attempted to deploy backdoors to steal user credentials.

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

🔥 Massachusetts Rep. Kate Lipper-Garabedian filed a bill proposing the creation of a special committee that would include members of the state legislature to investigate blockchain and cryptocurrency-related matters.

🔥Hyperliquid posted on platform X: Regarding the comments and questions about the long Ethereum positions of 0xf3f4 users, it is hereby clarified that no protocol exploits or hacking attacks have occurred. The user had an unrealized profit and loss (PNL) and subsequently made a withdrawal, causing his margin to drop and eventually the position was liquidated.

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

🔥 According to Cryptonews, the Dutch Financial Market Authority (AFM) has fined BUX, an online crypto and stock trading platform, 1.6 million euros for violating industry regulations by attracting new customers through its Finfluencers and referral programs.

🔥 According to the information on the official website, 99.2% of the new 5% share (5 billion tokens) of Trump's crypto project WLFI has been sold. Previously, the price of Trump's crypto project WLFI's new 5% supply rose to $0.05, compared with only $0.015 in the previous round.

🔥Santiment posted on the X platform that the overall trading volume of the crypto market has continued to decline since the peak of trading volume on February 27 (when traders were optimistic about buying the dip). After further declines over the past two weeks, traders have behaved in a mood of exhaustion, despair, and surrender. When the trading volume of major cryptocurrencies continues to decline, even during a small price recovery, it usually means that traders are less enthusiastic.

Regulatory & Macro Policy

🔥 The much-anticipated White House Crypto Summit has come to an end, but the results have disappointed crypto traders and failed to trigger the red-hot market expectations. Altcoins such as Ripple, Cardano, and SOL have fallen significantly compared to Bitcoin. The outcome of the summit was more lackluster, with only a commitment to develop a legislative framework for stablecoins by August and a pledge of more lenient regulatory measures. These moves failed to ignite market sentiment as expected.

🔥 According to Cointelegraph, the Utah Senate has passed the HB230 Blockchain and Digital Innovation Amendment bill, but removed the provision that would have allowed the state treasury to invest in Bitcoin. The bill passed a 19-7-3 vote and will go to Governor Spencer Cox to sign it into law.

🔥 U.S. President Donald Trump has signed an executive order to establish a strategic bitcoin reserve and a separate digital asset reserve, and Zach Pandl, head of research at Grayscale Investments, believes that bitcoin does not need a U.S. strategic reserve to appreciate further this year, and he expects that the price of bitcoin will be pushed higher as adoption increases, and bitcoin will begin to function as a store of value this year. Especially amid fears that Trump's tariff policy could lead to a resurgence in inflation.

🔥 According to Bitcoin.com reports, the SB 21 bill, which was previously passed by the Texas Senate, is currently awaiting approval by the House of Representatives. SB 21 provides for the creation of a state-managed fund 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.

🔥 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 for digital asset exchanges, CoinDesk reported.

🔥 According to Bitcoin.com News, the Cayman Islands has updated its cryptocurrency regulatory framework and developed new licensing rules, which will come into effect on April 1, 2025. Under the Virtual Assets (Service Providers) (Amendment) Regulations 2025, all entities providing virtual asset custody and trading platform services are required 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 cryptocurrency regulation, the country's second international crypto regulatory agreement signed in three months, following a similar agreement with Argentina.

🔥 According to SEC filings, the U.S. Securities and Exchange Commission (SEC) has delayed the approval of a number of cryptocurrency spot ETF applications, including the 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 cryptocurrency trading, marking another shift in the SEC's new strategy towards 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) in the 119th Congress. The bill would allow the U.S. government to hold more than 1 million bitcoins.

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

🔥 According to the official announcement, the Central Bank of Russia, on the instructions of the President of Russia, submitted to the government a proposal on regulating cryptocurrency investments for discussion. The proposal proposes to allow a limited group of Russian investors to buy and sell cryptocurrencies.

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

🔥 The U.S. Securities and Exchange Commission (SEC) on Tuesday postponed its decision on applications for a number of spot crypto ETFs, including XRP, Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC), among others.

Crypto Market Highlights

⭐️ In the past week, the overall decline in the cryptocurrency market has further intensified, due to the direct impact of the macro economy and the White House summit, external such as the US stock market has also seen a continuous decline in the past week, which has had an impact on the crypto market and made the overall market further lower. In the past week, most of the mainstream currencies have shown a continuous downward trend, and on the whole, the probability of a rapid recovery of 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 crypto market TIA rose first among the mainstream currencies, but in fact, the currency did not rise to a higher range, the actual increase in a heavy mainstream currency was about 8%, the currency fell at the beginning of the week after the short-term recovery momentum is not strong, the current price is maintained around $3.4, currently showing a more obvious continuous fluctuation trend, there is still a certain downward trend. !

Bitcoin & Ether weekly performance

Bitcoin (BTC)

! ( data source: TradingView)

The price of BTC showed a continuous downward trend after the opening of the market this week, and as the White House summit did not bring the expected effect, the market fell in response, and the U.S. stock market fell, making the price of BTC usher in a more obvious decline. However, the impact of this round of decline on the broader market is overall, but the price performance of BTC is relatively stronger, and its price has not fallen below the key price level of $75,000, and there has been a slight recovery in the follow-up market. At present, the price of BTC is back above $80,000 again, but there is still the possibility of further decline. The subsequent price performance of BTC depends on the overall trend of the market, and macroeconomic and policy factors have a great impact.

Ethereum (ETH)

! ( data source: TradingView)

The price trend of ETH this week is similar to that of BTC, mainly due to external news factors, but the price performance is not as strong as BTC, and there is no obvious recovery after the rapid decline in prices, and it basically remains in the range of $1800-1900. At present, the price of ETH has come to around $1,850 and has continued to rise and fall in a small range. The one-week price high of ETH was near $2,200 at the opening session, and it is expected that there will continue to be a new round of price fluctuations during the weekend, and the probability of further decline is relatively high.

Web3 Project Trends

This week, the total market value of the seven types of projects fell across the board, and the decline in most track markets was further aggravated compared with the same period last week, and a sharp decline was more common. In the near future, the market as a whole is mainly affected by news factors and macroeconomics, and it is more likely to fall further in the short term.

| Item Category | Weekly Change | Top 3 Weekly Gainers | Overview | | ------------ | ------------ | ------------ | ------------ | | Layer 1 | -11.9% | KTA,SOUL,ZTH | The total market value of the Layer 1 track fell sharply this week, and the increase distribution of the top currencies was relatively similar, maintaining a dynamic distribution of around 50%, and most of the projects in the track were in a downward market | Layer 2 | -13.9% |LAI,OPAI,ISLM|The Layer 2 track continued to maintain a downward trend this week, and the decline further intensified, with the top rising currency performing best in LAI, with a higher increase for two consecutive weeks, while other currencies rose less, and the track market as a whole maintained a downward trend | DeFi | -15.0% | DEPAY,PRISMA,TERMINAL | The total market value of the DeFi track fell sharply this week, and the overall trend was in a continuous downward trend, and the increase in the top rising coins was also relatively limited | NFT | -17.3% | XED,$RAINI,RMV |The total value of the NFT market this week has fallen sharply, and the top rising currencies are dominated by non-mainstream currencies, and the distribution of the rise is uneven | MEME | -18.6% | ANTI,CATEX,FOFAR| The downward trend of the MEME coin track has further intensified this week, but the top rising coins have still risen by 1000%, but the general market is that most currencies are in a state of decline | Liquid Staking | -17.2% | PRISMA,STSOMM,OS | The downward trend of the track intensified this week, and the growth of the top currencies was concentrated in individual currencies, which was greatly affected by the trend of mainstream currencies | AI | -18.6% | LAI,VNTR,TERMINAL | The AI track maintained a sharp decline this week, and the rise of the head rising currency continued to remain in a moderate state, and the overall track was affected by market shocks recently, and the recent downturn continued

Author: Charles T., Gate.io Researcher *This article represents the views of the author only and does not constitute any trading advice. Investment is risky, and decisions need to be made carefully. *The content of this article is original, the copyright is owned by Gate.io, if you need to reprint, please indicate the author and source, otherwise you will be held legally responsible.