In the crypto market report covering the week of March 17-24 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 17, 2025.
March 17 Weekly Crypto Market Report Overview
Crypto assets ended the past week on a positive note once again, managing to gain value for three consecutive weeks after the losses experienced last month. During this period, Bitcoin closed the week at $86,080 with a 4.25% gain, while Ethereum ended at $2,006. Meanwhile, the total market capitalization continued its upward movement after rebounding from the $2.6 trillion support level, closing the week at $2.76 trillion with a $110 billion increase. Among altcoins, Bone, Beam, and Pendle were the top three performers of the week, while the DeFi sector and some memecoins outperformed the broader market.
In macroeconomic developments, the Fed meeting on Wednesday created confusion in the markets due to Powell’s remarks and the members’ projections. In particular, the rise in inflation projections and the expectation of a slowdown in growth brought the topic of “stagflation” into discussion. None of the central banks that held meetings last week made any surprise moves, with interest rates remaining unchanged in the UK, China, and Japan. The correlation between crypto assets and US equities remained above 0.8, with movements in tech stocks significantly influencing the crypto market.
Looking ahead to next week, US GDP and PCE data could impact market pricing. While GDP data has not been a major market mover in the past, any deviation from expectations could cause volatility. Additionally, PMI data from the US and Europe will be closely watched. Fed ocials’ speeches could also play a key role in increasing volatility. Beyond macroeconomic factors, geopolitical tensions may a ect the markets as well. Israel’s recent decision to end the ceasefire and its ongoing communications with the US government, rising US-Iran tensions, and developments in the Russia-Ukraine conflict were among last week’s key events and are expected to remain significant this week.
In the crypto space, a major highlight was Ripple CEO Brad Garlinghouse’s statement that the SEC would drop the lawsuit. Meanwhile, deregulation e orts in the US continue, with restrictions on crypto assets being lifted and legal cases being resolved. The market is now anticipating the next step to be related to Ethereum ETF staking processes.
Those who want to get more comprehensive information about the week covering March 17-24 can review Weekly Crypto Market Reports: March 17, 2025.
