March 13, 2025: Events in the Cryptocurrency Space
Due to favorable US CPI data in February (inflation rate dropped to 2.8%), Bitcoin briefly rebounded to $84,000 and has currently retreated to around $82,000, fluctuating in that range.
Ethereum has shown weakness, with prices hovering around $1,860. Altcoins have exhibited mixed performance: mainstream coins like Solana (SOL) and XRP have seen slight increases.
Santiment data indicates that since February 27, trading volume in the cryptocurrency market has continued to decline, and there is insufficient buying power during the rebound, with prices still facing the risk of a second downturn.
Bloomberg analysts point out that the approval of cryptocurrency ETFs may be delayed until the new SEC chairman takes office, cooling market expectations for traditional capital entry.
Clearstream, a subsidiary of Deutsche Börse, announced it will provide Bitcoin and Ethereum custody services for institutions, further embracing crypto assets by traditional financial institutions.
In the US: A Massachusetts state representative proposed the establishment of a special committee on blockchain and cryptocurrencies, while South Dakota has postponed the consideration of a bill allowing state government investment in Bitcoin.
Abu Dhabi sovereign fund MGX announced a $2 billion investment in Binance, setting a record for a single investment in the crypto industry.
The lawsuit between the US SEC and Ripple is nearing its conclusion, which may impact XRP's market position; meanwhile, Ripple has also obtained a license from the Dubai Financial Services Authority to provide cryptocurrency payment services in the UAE.
The Ethereum mainnet completed the Cancun upgrade on March 13, introducing the EIP-4844 proposal, which significantly reduces Layer 2 transaction fees to $0.01 through the protodanksharding mechanism, expected to boost the growth of Layer 2 ecosystems like Optimism and Arbitrum.
Mainnet countdown: The open mainnet will launch on March 14, supporting BTC/ETH cross-chain bridging, with the number of nodes increasing to 180,000 and TPS exceeding 5,000. The Dr. Ni community warns that renaming accounts requires caution to avoid asset deductions due to violations.
Summary: The market dynamics on March 13, 2025, highlight the diversified development of the cryptocurrency industry: capital flows towards stablecoins and compliant assets, divergence in regulatory policies, accelerated integration of AI technology, and differences in strategies between institutions and retail investors. Although short-term overheating signals have triggered cautious sentiment, in the long run, the combination of technological innovation and policy support remains the core driving force for industry growth. Investors should pay attention to regulatory developments, technological breakthroughs, and macroeconomic changes, and flexibly adjust their strategies.
