#CryptoMarketWatch

Current Cryptocurrency Market Developments (March 9, 2025):

1. Bitcoin and Ethereum Price Movements:

• Bitcoin (BTC) fell by 1.8% to $89,030.

• Ethereum (ETH) decreased by 3.9% to $2,190.

2. White House Crypto Summit and Trump’s Policy:

• Donald Trump held a Crypto Summit at the White House and stated that the U.S. would be more open to the crypto industry.

• Trump aims to make crypto central to the U.S. economic strategy and is taking steps to loosen regulations.

• However, after the summit, altcoins like XRP, ADA, and SOL experienced sharp declines as investors thought Trump had backtracked on his Bitcoin reserve plan.

3. All-Time High Trading Volume on PancakeSwap:

• In January, a trading volume of $81.9 billion was recorded, and in February, $78.7 billion.

• The exchange reached a significant milestone by surpassing a total trading volume of $1 trillion.

4. Bitcoin Mining and Major Investments:

• Public mining companies in the U.S. invested a total of $4.95 billion in 2024.

• Bitcoin mining contributed $4.1 billion to the U.S. economy and created 31,000 new jobs.

5. Crypto Security and Exchange Partnerships:

• MEXC exchange partnered with blockchain security company Hacken to enhance platform security.

These developments indicate significant changes in both the markets and the regulatory side. In particular, the steps the U.S. will take in its crypto policies will be decisive in the markets in the upcoming period.