In the crypto market report covering the week of March 3-10 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 3, 2025.
March 3 Weekly Crypto Market Report Overview
The most significant events for crypto assets last week were the crypto asset meeting at the White House on Friday and the U.S. employment data. As the week began, Trump’s “Strategic Reserve” announcement further fueled vola- tility, with Bitcoin surpassing $90,000 twice before retracing to the $80,000 levels. Amid this turbulence, Bitcoin ended the week with a 14% decline, while Ethereum saw a sharper drop of 19.70%. The total crypto market capitaliza- tion, which started the week at $3.1 trillion, closed at $2.6 trillion, marking its most significant weekly loss since May 2021. Meanwhile, Bitcoin dominance remained above 61%, while Tether dominance surged to 5.5%.
Examining the news flow, aside from the White House meeting, several other crucial developments impacted the crypto market. The U.S. government announced that it would not acquire new Bitcoin for its Strategic Reserve and that the Department of Justice would redirect its Bitcoin holdings to reserves—news that had the most substantial impact on pricing. Another key headline was the SEC continuing its trend of deregulation by ending various lawsuits and investigations. State-level Bitcoin reserve votes continued, with Texas and Utah showing a positive stance. Addi- tionally, World Liberty Financial drew attention with its significant Bitcoin acquisitions.
On the macro and geopolitical front, U.S. employment data was a critical focus, with Friday’s report coming in below expectations, slightly boosting market sentiment. Meanwhile, the tariff dispute escalated as Trump raised China’s import tariff rate to 20%. Increased military spending commitments from Europe further heightened uncertainty, while the long-weakening Euro experienced some gains. Comments from Commerce Secretary Lutnick and Treasury Secretary Bessent about potential tax cuts and interest rate reductions, as well as Mexico’s tax relief and deferral measures, were perceived as positive developments for the markets.
In the ETF space, outflows dominated. Following a $2.2 billion outflow from Bitcoin ETFs the previous week, last week saw an additional $800 million in outflows. Ethereum’s brief upward momentum faded further, leading to consistent ETF outflows. After the prior week’s $335 million outflow from Ethereum ETFs, last week recorded another $119 million in outflows.
Those who want to get more comprehensive information about the week covering March 3 – 10 can review Weekly Crypto Market Reports: March 3, 2025.
