In the crypto market report covering the week of March 10-17 prepared by the ICRYPEX Research team, we have compiled current developments regarding crypto assets, price movements of crypto assets and macroeconomics.
You can take a look at the general flow of this report immediately below and reach all the developments that took place in the 7-day period from Weekly Crypto Market Reports: March 10, 2025.
March 10 Weekly Crypto Market Report Overview
In the week when crypto assets managed to secure a positive weekly close after massive losses and 2-3 weeks of negative streaks, Ethereum failed to show the same momentum with a 6.60% decline. The total market cap, which had dropped to the 2.44T level, managed to close the week above the 2.60T support. During this period, Bitcoin gained 2.3% in value, while Bitcoin dominance rose to 61.70. Despite Ethereum’s significant decline, the altcoin market cap managed to end the week on a positive note.
On the macroeconomic front, while weaker-than-expected PPI-CPI data was expected to have a more positive impact on the markets, Trump’s conflicts with Canada and Europe throughout the week created uncertainty and, along with rising growth concerns, had a more significant negative eect. Last week, negative signals regarding US growth suggested that markets have started pricing in a recession. In addition to recession fears, strong moves by European countries triggered capital outflows from the US and inflows into European markets. This led to a negative pricing trend in crypto assets, which are highly correlated with stock indices, similar to US indices.
Looking at this week’s macroeconomic agenda, major central banks are set to hold meetings. The Fed will, of course, be in the spotlight. Markets are pricing in no change in interest rates at Wednesday’s Fed meeting. However, the members’ statement and Powell’s speech afterward could influence market pricing. If Powell hints at bringing rate cuts forward or maintains a hawkish stance by expressing confidence in the economy, volatility could rise. Apart from the Fed, the central banks of Japan, China, the UK, Sweden, and Switzerland will also hold meetings this week.
Regarding crypto assets, deregulation steps taken in the US have filled the agenda and created a seemingly positive outlook. The stablecoin regulation bill is expected to be finalized by August, while altcoin ETF applications have been postponed to the next review period. Meanwhile, Ethereum’s Pectra upgrade has been delayed, and new developments are expected in the Ripple-SEC lawsuit. ETF outflows remain strong, with $870 million exiting BTC and $140 million leaving Ethereum over the past week.
Those who want to get more comprehensive information about the week covering March 10 – 17 can review Weekly Crypto Market Reports: March 10, 2025.
