Weekly Crypto Market Wrap March 10-16, 2025
This week was anything but easy — the market was deep in the red, with Bitcoin and altcoins experiencing significant declines. Ethereum, for the first time since November 2023, dropped below $2,000. However, by Friday, the situation stabilized somewhat as the U.S. narrowly avoided a government shutdown, easing market pressure. Meanwhile, Pavel Durov left France for Dubai, sparking an immediate rally in Toncoin. Now, let’s break down the key events of the week.
SEC Stalls on New ETFs. The U.S. Securities and Exchange Commission (SEC) once again delayed its decision on spot ETFs for LTC, SOL, XRP, ADA, and DOGE, as well as on whether to allow staking in the Ethereum ETF. Investors had hoped for faster approval, but the SEC continues to keep the market in suspense.
Ripple Case Nearing an End? In a surprising turn, the SEC softened its stance on XRP, now comparing it to ETH and referring to it as a commodity. This shift in rhetoric suggests that the years-long legal battle may be approaching its conclusion — or possibly even a complete dismissal of the case. If this happens, XRP could see a major price surge.
Strategy Keeps Buying Bitcoin. Michael Saylor’s Strategy is not slowing down. The company has raised another $21 billion through a preferred stock offering, and these funds are likely to be used for more Bitcoin purchases. This move is expected to further fuel corporate BTC adoption, keeping Strategy at the forefront of institutional crypto holdings.
Utah Legalizes Mining and Staking. The state of Utah has officially passed HB230, a law that guarantees residents the right to mine, stake, and store cryptocurrencies. This is a significant step forward for crypto regulation in the U.S. and strengthens legal protections for digital asset users.
Binance and Trump? CZ Shuts Down Rumors. Rumors surfaced this week suggesting that the Trump family was interested in acquiring a stake in Binance US. However, CZ quickly dismissed these reports as fake news. Regardless of their validity, the emergence of such speculation highlights the growing interest of politicians in the crypto market.
U.S. Inflation Slows Down. Inflation in the U.S. cooled to 2.8% in February, down from 3.0% in January. This is a positive signal that could ease pressure on the Federal Reserve and potentially lead to a softer monetary policy, which would be bullish for crypto markets.
USDT Gets Green Light in Thailand. The Thai Securities and Exchange Commission (SEC) has officially approved USDT as a recognized cryptocurrency in the country. This is a major milestone for stablecoin adoption in Southeast Asia, paving the way for broader use of digital assets in the region.
U.S. Trade War Intensifies. The European Union has announced $28 billion in retaliatory tariffs against the U.S., while Canada imposed a 25% tariff on $21 billion worth of U.S. imports. These trade tensions could weaken the dollar, potentially increasing demand for cryptocurrencies as an alternative asset class.
Upcoming major token unlocks:
MRS: $96.70M (19.7%)
FTN: $79.80M (4.7%)
QAI: $41.87M (3,960.4%)
OM: $34.05M (0.5%)
ZKJ: $31.68M (25.8%)
ID: $19.67M (18.1%)
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
