🔊Weekly Market Highlights #140: March 3 - March 9

✨U.S. President Donald Trump has officially fulfilled his key promise to the cryptocurrency market by establishing a strategic Bitcoin reserve for the U.S. However, this news turned into a "sell the news" event for many investors, significantly as Trump's ongoing trade war policies negatively impacted the broader financial sector.

✨Over the past week, the crypto market total capitalization decreased by ~$515B (from ~$3151B to ~$2636B).

✨BTC Volatile Week
✅The past few days have been turbulent for BTC, which has traded between $78K and $95K, influenced by Trump’s trade war and his announcement of a U.S. BTC reserve.

✅On March 7, Trump hosted a historic crypto summit at the White House, reaffirming his "never sell your BTC" stance. However, the event failed to spark major volatility, with BTC dropping below $85.5K before rebounding to $86K.

✅His executive order offered little new for investors, as the U.S. government won’t invest funds to acquire BTC or other listed assets.

✅The market awaits the March 12 CPI report, which could trigger volatility as the Federal Reserve assesses inflation data for potential interest rate adjustments.

✅End of the week: BTC trading around ~$82K.

✨Featured News
✅President Donald Trump has signed an executive order to establish a strategic Bitcoin reserve and a national digital asset stockpile, reinforcing the U.S.'s ambition to lead the global crypto market. The reserves will be funded through seized cryptocurrencies, ensuring no taxpayer money is used.
Source: LINK

✅North Korean hackers laundered $1.4B in ETH, primarily converting it to BTC through THORChain. The protocol reportedly earned $5.5M in fees for processing these transactions.
Source: LINK

✅Tether Appoints New CFO to Drive Full Audit, Reinforcing Transparency Focus
Source: LINK

📊 Market Indicators
✨Bitcoin Fear and Greed Index is 20 - Extreme Fear, lower than at the beginning of the week (33)

✅Total 2 Index (Marketcap excluding BTC) is now at $1022B

✨Dominance:
✅BTC: 60.5%
✅ETH: 9.2%

📣See you next week!

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Web3 is evolving… 🔥

$GX is launching on KuCoin! This marks a major shift in crypto adoption.

✅ GX/USDT trading starts March 12, 14:00 UTC
✅ Deposits are OPEN! (ETH-ERC20)

Be part of the change. Are you in? 👇