On March 27, 2025, the price of Bitcoin fluctuated between $86,000 and $88,000, with a slight drop of 0.2% over the past 24 hours. Whale activity has significantly increased, with 48 new wallets holding over 100 BTC, seen as a long-term bullish signal.

Altcoin markets are showing divergence, with CRV (+16%), MKR (+13%), and PEPE (+7%) leading the gains, while Movement (-9%), Hyperliquid (-6%), and others are dragged down by market sentiment.

Most of the first batch of Binance's voted listing projects have declined, with BANANAS31 leading at a market cap of $66.1 million, but overall performance is weak.

The daily expiry size of BTC options reached $12.2 billion (strike price $85,000), with prices retreating from intra-week highs. Spot trading volume is stagnant, and open contracts are decreasing, reflecting a short-term lack of upward momentum. The market is focused on the U.S. PCE index to be announced the next day and the trade policy direction of the Trump administration.

Asia's leading fintech exhibition, WikiEXPO Hong Kong 2025, was held on March 27 at the Sky100 Observation Deck in Hong Kong, themed 'Building Trust as a Bridge, Climbing New Heights'.

In January 2025, the Hong Kong Securities and Futures Commission issued new licenses to PantherTrade and YAX exchange, bringing the total number of licensed exchanges to 7. Legally traded cryptocurrencies include BTC, ETH, AVAX, and Chainlink. Regulatory focus is on customer asset protection, KYC processes, and cybersecurity.

BlackRock expands its digital asset team, adding 4 senior positions, including a legal advisor for cryptocurrency ETFs, with its tokenized fund BUIDL reaching a scale of $1.7 billion.

U.S. banking institutions hold $368.3 billion in crypto assets, but spot trading accounts for less than 3%, favoring low-risk crypto ETP products.

Wyoming's stablecoin (WYST) has entered a multi-chain testing phase, becoming the first fiat-backed stablecoin issued by a public entity in the U.S.

On March 27, U.S. stock markets closed with the Dow down 0.3%, the S&P 500 down 1.1%, and the Nasdaq Composite down 2%. Notably, Tesla fell 5.5%, Nvidia dropped 5.7%, Apple decreased by nearly 1%, and Trump Media Technology Group fell over 8%.

Blockchain concept stocks: Among blockchain concept stocks, MARA Holdings fell 3.23%, Strategy dropped 3.66%, and Coinbase decreased by 5.03%.

Summary: Prices of mainstream cryptocurrencies like Bitcoin and Ethereum have shown a certain degree of decline and rebound, with the market at a critical juncture, requiring investors to closely monitor price trends. In capital markets, U.S. stocks performed poorly overall, and most blockchain concept stocks also declined, although the substantial financing news from OpenAI stood out as a highlight. The Web3 sector saw a slight drop, with noticeable outflows of major funds. Overall, the market exhibits a degree of uncertainty, and investor sentiment is relatively cautious.

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