Next, we review the main events that have defined these seven days in the crypt world and we recommend you This Bit2me promotion
The beginning of the week was not encouraging for the main cryptocurrencies. Bitcoin (BTC)the queen of the market, showed a bearish trend that accentuated over the days. On March 18, BTC quoted at 75,000 euros, reflecting a 2.58% drop in 24 hours. This correction was not an isolated event, since other important altcoins such as Ethereum (ETH), Solana (Sol) and XRP also operated in red, with losses ranging between 1% and 5%. Ethereum, for example, stood at 1,745.95 euros (-1.63%), while XRP, which stood out for its pronounced fall, reached 2.07 euros (-3.91%). This bad start reflected a clear market aimless, affected by a combination of macroeconomic factors and specific events in the sector.
One of the most commented issues was the regulatory situation in the United States. Donald Trump’s executive order to establish a strategic Bitcoin reserve, previously announced, continued to generate reactions. However, the lack of concrete details about new government purchases of BTC disappointed some investors, which contributed to volatility. Analysts pointed out that, although the initiative seeks to position Bitcoin as a strategic asset, the decision not to sell current holdings but either commit to additional acquisitions left the market in a state of uncertainty. This was reflected in significant departures from Bitcoin ETF funds, with reports indicating that on Tuesday, March 18, more than $ 1,000 million, the largest daily departure from the launch of these products were withdrawn.
In the field of the Altcoins, XRP was at the center of attention due to rumors on a possible agreement between Ripple and the US stock and values commission (SEC). According to Beinypto, on March 14 it was reported that the SEC could be considering withdrawing its appeal against Ripple, which generated expectations of a favorable resolution for cryptocurrency. However, the inclusion of XRP in the US digital asset reserve also raised doubts about its usefulness, dividing opinions among the defenders of Token. Despite this news, the price of XRP failed to escape from the general bearish trend, falling 3.91% in the middle of the week.
Another outstanding event was the massive hacking to Exchange Bybit, considered the largest in the history of the crypto industry. This incident, reported in early March but with repercussions that were felt this week, affected the confidence in the security of the platforms. Ethereum, in particular, suffered an indirect impact, since the network was questioned after the attack. Its price has suffered recently, although the launch of the new test network has meant a small rebound in its price. Solana, meanwhile, also remains affected by speculation around memecoins such as $ Trump and $ Melania, who have raised concerns about high -risk projects.
Globally, capitalization of the crypto market contracted up to 2.8 billion this week. The fear and greed index, which measures the feeling of the market, reached levels of «extreme fear», an indicator that was not seen from the 2022 cryptointer.
However, not everything was pessimism. Positive regulatory advances, such as the OKX license under Mica and Mifid II in Europe, and BBVA’s announcement to offer Bitcoin and Ethereum in Spain, suggested a stronger future for institutional adoption. Despite the falls, some analysts, such as Cory Klippsten of Swan Bitcoin, maintain a cautious optimism, projecting that BTC could exceed their historical maximum of $ 109,000 in the coming months if the macroeconomic conditions improve.