Summary
gm, Bitcoin experienced a notable decline of over 4% to around $82,300. This downturn comes in the wake of President Trump's recent executive order establishing a Strategic Bitcoin Reserve, which has led to mixed reactions in the crypto community. The order, which allows for the use of Bitcoin seized from criminal cases rather than direct government purchases, has disappointed some investors who had anticipated more aggressive accumulation. Simultaneously, other major cryptocurrencies like Ethereum and Dogecoin have seen even steeper drops, with Ethereum falling 8% to near $2,000 and Dogecoin plummeting 13%. The market's reaction reflects broader uncertainties surrounding regulatory approaches and economic factors, including potential Federal Reserve policies and global trade tensions.

News Headlines
📊 Only 4% of World Population Holds Bitcoin in 2025: Report

  • A report from River reveals that only 4% of the global population owns Bitcoin as of 2025, indicating substantial room for growth in cryptocurrency adoption.
  • The United States has the highest concentration of Bitcoin holders at 14%, while Africa lags at just 1.6%.

🌊 Ether's 20% Plummet Shatters Bull Market Trendline

  • Ether's price has fallen nearly 20% in the week before March 9, the largest weekly drop since November 2022.
  • This decline breaks a bullish trendline that began in June 2022, suggesting a potential end to a nearly three-year bullish trend.

🏦 Fed Not Cutting Rates 'At All' in 2025 May Trigger Bear Market: Analyst

  • Network economist Timothy Peterson warns that if the US Federal Reserve holds off on rate cuts in 2025, it may cause a broader market downturn, potentially dragging Bitcoin back toward $70,000.
  • Using financial models, Peterson predicts that the Nasdaq could drop 17%, estimating a possible 33% decline in Bitcoin, suggesting a fall to approximately $57,000.

💼 Michael Saylor Proposes $100 Trillion Crypto Strategy at White House Summit

  • MicroStrategy co-founder Michael Saylor proposed a strategy to unlock up to $100 trillion in economic value within the next decade through a robust regulatory framework for digital assets.
  • Saylor urged the U.S. to acquire between 5% and 25% of the total bitcoin supply by 2035, predicting potential yields of $16-81 trillion by 2045.

📉 Bitcoin Risks Weekly Close Below $82K on US BTC Reserve Disappointment

  • Bitcoin may experience increased downside volatility if it closes below the crucial $82,000 support level this week.
  • Investor sentiment is dampened by recent developments regarding the US Strategic Bitcoin Reserve, which will use cryptocurrency forfeited in criminal cases instead of direct acquisitions.

Market Metrics

Fundraising & VC
No fundraising data today.

On-chain Data
1. Aptos (APT) token unlock in 2 days ($63.04M, 1.92%)
2. Sei Network (SEI) token unlock in 5 days ($44.26M, 4.72%)
3. Arbitrum (ARB) token unlock in 6 days ($32.93M, 2.1%)
4. ApeCoin (APE) token unlock in 7 days ($7.81M, 1.95%)

Regulatory
🏠 US Housing Dept Explores Blockchain for Grants

  • The U.S. Housing Department is considering using blockchain and stablecoins to manage and track grants.
  • Discussions include potential pilot projects for tracking funds and experimenting with stablecoin payments.

💼 South Korea Considers Bitcoin Reserve

  • South Korean experts and opposition lawmakers propose integrating Bitcoin into national reserves.
  • Discussions include developing a won-backed stablecoin to maintain monetary sovereignty.

🏛️ Canada's New PM Previously Criticized Bitcoin

  • Mark Carney, Canada's new prime minister, once called Bitcoin a "criminal act of monetary amnesia."
  • Carney has been critical of cryptocurrencies but acknowledges the potential of CBDCs.

🤖 CZ Urges Elon Musk to Ban Bots on X Platform

  • Binance co-founder CZ calls on Elon Musk to ban automated bots from the X social media platform.
  • Concerns arise from bots promoting scams and impersonating crypto influencers to commit fraud.

🏦 Utah Passes Blockchain Bill, Removes Bitcoin Reserve Clause

  • Utah's legislature approved a blockchain bill but removed a provision allowing state investment in Bitcoin.
  • The bill protects rights related to blockchain technology and restricts unnecessary regulations on mining.

Technical Analysis
Bitcoin - Bitcoin is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the currency, and indicates negative development for the currency. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the currency has resistance at 92300 points. The currency is assessed as technically negative for the short term.

Ethereum - Ethereum has broken the falling trend channel down in the short term. This signals an even stronger falling rate. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the currency has resistance at 2740 points. Negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. The currency is overall assessed as technically negative for the short term.

Governance & Code
👾 Aavegotchi DAO | Buy 2 Million Dollars Worth of GHST (Active Vote)
- This proposal seeks to use the auto swapper contract to turn 1 million DAI and 1 million USDC into GHST.

🌐 Engineering Workstream | Engineering Workstream Renewal: April 2025 - September 30 2025 (SCP 194)
- This proposal seeks $547,250 plus $97,500 in FOX to fund the ShapeShift DAO's Engineering Workstream for six months (Apr. 2025, to Sep. 30, 2025).