🆕Crypto market overview 24h

⏰Tuesday, March 04, 2025

♨️Overview:

The market has experienced 24 emotional hours as prices returned to the point before Trump tweeted about BTC, ETH, SOL, XRP, and ADA reserves. Digital asset investment products have seen three consecutive weeks of outflows, marking the largest weekly outflow ever recorded at a total of $2.9B, bringing the total outflow over three weeks to $3.8B. In another development, the SEC has withdrawn lawsuits against Gemini, MetaMask, OpenSea, Robinhood, Uniswap, and Kraken, and most recently, Yuga Labs.

Macro: Non-farm payrolls to be announced at the weekend; Trump imposes a 20% tax on Chinese goods and 25% on Mexico and Canada, causing the market to continue its downturn.

♨️ETF Updating (03/02/25):

💰Bitcoin Spot ETF: 🔴$54.4M

🔹Ethereum Spot ETF: 🟢$4M

🎯Important events this week:

- CZ proposed a new idea for projects to build tokenomics. 81 projects applied on the first day with YZI Labs.

- Monday: EU announces CPI, US announces PMI

- Wednesday: US announces ADP Non-farm and PMI

- Thursday: EU announces interest rates

- Friday: US announces Non-farm payrolls and unemployment rate.

❇️Top Gainers/Losers:

🟢$LEO 11% 🔴$TRUMP 25%

🟢$XAUt 7% 🔴$ENA 22%

🟢$PAXG 6% 🔴$ADA 21%

🆕Hot News:

- Vietnam plans to draft a law to manage digital assets in March👉Bitcoin.com

- BlackRock adds Bitcoin ETF to its model portfolio for the first time👉Bloomberg

- Ethena's stablecoin USDe lost its peg by nearly 5% as a whale withdrew $268M