#CryptoMarketWatch As of March 9, 2025, the cryptocurrency market has experienced notable fluctuations. Bitcoin, the largest cryptocurrency by market capitalization, declined by approximately 5.47%, settling at $81,554.67. Similarly, Ether, the second-largest cryptocurrency, saw a 5.4% decrease, reaching $2,024.68.

These downturns coincide with the recent White House Digital Assets Summit, where President Donald Trump announced the establishment of a Strategic Bitcoin Reserve. Despite initial optimism, the summit concluded without substantial policy developments, leading to market skepticism and contributing to the observed price declines.

The global cryptocurrency market capitalization currently stands at $2.84 trillion, reflecting a 0.11% increase over the last day. However, the total market volume over the past 24 hours has decreased by 56.48%, amounting to $61.76 billion.

Investors are advised to monitor these developments closely, as the cryptocurrency market continues to exhibit significant volatility influenced by both regulatory actions and market sentiment.