Daily cryptocurrency dynamics summary (2025-03-10)
1. Today's Fear and Greed Index drops to 20, shifting to extreme fear.
2. Arthur Hayes: Bitcoin may test the support at $78,000; breaking below will point to $75,000.
3. The U.S. Bitcoin spot ETF market has seen outflows for four consecutive weeks.
4. Analysis: Recently, $82,000 may be a key support level for BTC, and it will be severely affected by macroeconomic factors in the short term.
5. Industry insiders: U.S. policy may encourage global institutions to embrace cryptocurrency more rapidly.
6. The White House crypto summit opened high but ended low, with altcoins being sold off while Bitcoin remains resilient.
7. Utah Senate passes a Bitcoin bill but removes the Bitcoin reserve clause.
8. El Salvador increases its holdings by 5 BTC, bringing its total to 6,111 BTC.
9. Grayscale research director: Bitcoin's further appreciation does not rely on U.S. crypto strategic reserves.
10. CryptoQuant research director: Demand for Bitcoin spot is shrinking.
11. Trump family crypto project WLFI co-founder: Will continue to support foundational DeFi assets, valuing SUI's U.S. local background.
12. CZ responds to the U.S. strategic Bitcoin reserves leading to reduced exchange holdings: Users withdrawing BTC to wallets means they choose to hold.
13. Texas's "Bitcoin Reserve Fund" will be used to hold cryptocurrencies with a market cap of at least $500 billion.
14. The number of NFT buyers and sellers has dropped by over 90% in the past 7 days, while transaction volume increased by 15.27% month-on-month to $121.5 million.
15. In February, the overall market cap of stablecoins grew by about $7.7 billion, with USDS seeing a 64% increase.
16. Bitwise: The U.S. crypto strategic reserves may trigger a domino effect, stimulating other countries to engage in a "BTC arms race."
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