🆕Overview of the crypto market 24h

⏰Thursday, March 06, 2025

♨️Overview:

Bitcoin traded sideways within a narrower range in the past session, hovering at a low level from 88-91K, allowing some altcoins to recover slightly. The lower sideways market may stem from expectations of upcoming important news from the U.S., where Donald Trump will host a summit on digital assets. He is expected to address the strategy for crypto asset storage for the U.S. Currently, the mentioned coins include BTC, ETH, XRP, SOL, ADA... and possibly more. This event may lead to a short-term influx of capital into the U.S., but as the tide rises, so do the boats, which will be beneficial for the entire market in the long run. Another important piece of information for tomorrow's trading session is that the U.S. will announce the Non-farm payrolls and unemployment rate, and the market is expected to experience significant volatility before, during, and after the news.

♨️ETF Updating (05/02/25):

💰Bitcoin Spot ETF: 🟢$0M

🔹Ethereum Spot ETF: 🟢$0M

🎯Important events schedule for the week:

- Thursday: EU announces interest rates

- Friday: U.S. announces Non-farm payrolls and unemployment rate.

❇️Top Gainers/Losers:

🟢$BCH 23% 🔴$ENA 9%

🟢$ONDO 18% 🔴$TON 3%

🟢$APT 15% 🔴$JUP 2%

🆕Hot News:

- MM - Flowdesk raised $52M in new funding to expand services👉TheBlock

- After Coinbase, Kraken, Consensys, Robinhood, Yuga Labs, Uniswap...SEC continues to dismiss lawsuit against MM Cumberland DRW👉TheBlock

- The custody of non-compliant stablecoins with MiCA regulations is not a violation of regulations. Binance has now banned non-compliant stablecoin trading pairs in the EU region but still allows normal deposits and withdrawals👉CoinTLG$BNB