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Today, the digital asset market saw further declines due to recent economic turmoil. Over the past 24 hours, its market capitalization decreased by 1.07% to $2.79 trillion while its transaction volume dropped by 51.72% to $52.79 billion. The fear and greed index decreased to 27 from yesterday’s 28, showing anxiety in the market. The ongoing downturn is due to an interplay of global economic turmoil, new US tariffs, and bearish investor sentiment. On Friday, March 7, 2025, the market fell and investor sentiment turned bearish after news emerged that the US government won’t actively buy cryptocurrencies to be held in a strategic crypto stockpile announced early this week. The White House stated that the crypto reserve would capitalize on assets forfeited in civil and criminal cases. Daily Summary on March 9, 2025$MOVE $ENA $BCH $CRO $ADA $ETH $BTC $XRP $SOL $ADA#dailysummary #DeFi #Crypto pic.twitter.com/UOgFkYYA3B — PHOENIX – Crypto News & Analytics (@pnxgrp) March 9, 2025 How is the market performing today? Bitcoin and prominent altcoins slumped as hopes of the US crypto strategic stockpile waned, worsened by Trump’s tariff plans. Today, BTC’s value is standing at $84,450 after seeing a decline of 2.07% over the past 24 hours. Ether declined by 0.96% making its price currently trading at $2,143. XRP, BNB, and SOL are also down 4.02%, 3.09%, and 1.65% respectively. Similarly, ADA, DOGE, and TRX registered decreases of 3.80%, 5.24%, and 1.82% respectively. Top performers today Despite the significant downturn in the wider market, some assets have performed well. Movement (MOVE) emerged as the top performer in today’s crypto market, with a price surge of 47.18% over the past 24 hours. With the increase in demand for US-based crypto assets following the US crypto strategic stockpile’s announcement, MOVE’s price has garnered huge strength, making it one of the best performers. Ethena (ENA) became the second-best performer after its value rose by 29.50% over the period. ENA is doing well because investors and traders are increasingly accumulating the asset, as they have confidence in its growth potential. Bitcoin Cash (BCH) took the third position with a price increase of 28.88%. BCH is currently in a market rally. On-chain data shows the asset is in a bullish trend, with its open interest surging and transaction rate reaching higher levels. Cronos (CRO) settled on position four with a price jump of 28.38%. CRO has been in an uptrend, with its price growth of 121% recorded over the past month, fuelled by robust investor enthusiasm. Lastly, Cardano (ADA) made it to this list with a price upsurge of 25.58%. ADA has ben seeing incredible increase after Trump announced that the US crypto strategic stockpile would include ADA, SOL, XRP, ETH, and BTC.

World Liberty Financial, the cryptocurrency investment platform backed by U.S. President Donald Trump, has seen its portfolio drop by $110 million in unrealized losses. According to data from Arkham Intelligence, WLFI’s investment of $336 million across nine cryptocurrencies is now worth approximately $226 million. Of the portfolio’s losses, Ethereum ( ETH ) is responsible for 65%. Ethereum is trading at around $2,000 as at Mar. 10, meaning that WLFI, which bought it at an average price of $3,240, is down an estimated $80.85 million, or almost 37% of its total investment. Tron ( TRX ) has proven to be the most resilient of WLFI’s holdings, down just 5%. The portfolio’s other holdings, which have all contributed to the WLFI’s losses, include tokens such as stETH ($10.27M), WHITE ($5.87M), Movement ( MOVE ) ($3.5M), and Ondo ( ONDO ) ($296,000). Despite these losses, WLFI continues to boost its portfolio and expand its network. On Mar. 6, WLFI acquired $21.5 million worth of Ethereum, Wrapped Bitcoin ( WBTC ) and Movement Network tokens. In addition, the company recently partnered with Sui ( SUI ), a blockchain founded by former Meta programmers, to explore decentralized finance opportunities. The partnership has drawn speculations as some believe it is an attempt to expand into other blockchain ecosystems, while others wonder what the real reasons for the partnership are. Founded in 2024, WLFI has managed to position itself as a major player in DeFi. Trump, along with his close family and allies, controls more than 60% of the project. Despite recent losses, WLFI attracted strong investor interest, raising $300 million during its January 2025 token sale. Meanwhile, as Trump’s government works to establish a strategic crypto reserve for the United States, critics argue that his growing influence in the cryptocurrency markets may lead to conflicts of interest. The Trump Organization has denied any wrongdoing, claiming that his children, an outside ethics lawyer, and an independent investment firm run WLFI and that Trump has no direct control over its activities.

Trump's foundation has "lost" $110m on crypto 🔵 World Liberty Financial, backed by Donald Trump, lost $110 million from investments in cryptocurrencies totaling $336 million. 🔵 The main losses (65%) came from Ethereum, which held a key position in the fund's portfolio. $ETH $WBTC $TRX $MOVE #trump

Ethereum faces a crucial moment as a whale approaches liquidation on Compound. The investor holds 5,472.8 ETH, worth approximately $11.92 million. With a liquidation price set at $1,863, the whale’s position is on the brink of collapse. This massive ETH position was initially valued at $18.47 million when supplied nearly nine months ago. Consequently, the investor has already suffered a $6.65 million loss due to Ethereum’s price decline. The market structure indicates a Wyckoff accumulation pattern , signaling a potential recovery. Ethereum’s price action aligns with this pattern, currently moving through Phase C. This phase is critical as it determines whether demand will overpower selling pressure. If the price holds, a bullish reversal may follow, leading to an upward trajectory. Despite several bullish catalysts, Ethereum has struggled against expectations. The approval of an ETF should have driven demand, yet ETH remains weak. CoinMamba , a co-founder of SonicLabs, expressed confusion regarding Ethereum’s continued underperformance. Other networks like XRP, TRX, and Solana have performed well, despite lacking major catalysts. Andre Cronje , a trader shed light on Ethereum’s struggles. He pointed out that Layer 2 solutions fragment liquidity, creating inefficiencies in user experience. Additionally, centralized sequencers continuously dump ETH, adding persistent sell pressure. Other chains offer superior speed and better finality, making them more attractive to developers. Ethereum’s scaling strategy remains uncertain and reliant on Layer 2. Meanwhile, competing chains are openly subsidizing their networks, diverting developers away from Ethereum. Solana, Avalanche, and Base have been shown to be viable substitutes, with better UX and new project incentives. Cronje emphasized that Ethereum lacks a clear leadership structure. The strongest advocates for the network are often podcasters rather than engineers. This absence of active developer support hinders growth and innovation. Ethereum’s fate hangs in the balance of its capacity to address these underlying concerns. If it fails to improve user experience and market position, it will lose even more ground. The next few months will determine if Ethereum can reclaim leadership or remain behind competitors. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Solana (SOL) price has encountered serious resistance at around $180 following a recovery from a late-February low of $125. While this revival saw SOL lag 50% behind its all-time high price of $295, four very important factors are likely to see the token revert back to the $180 figure. Solana’s network has experienced slowdown in major categories such as liquid staking, decentralized exchanges, and NFT marketplaces. Network fees have declined by 73% over the last month, indicating lower user activity, DeFiLlama reports . The active addresses on Jito, Solana’s largest liquid staking platform, dropped by 56% in the past 30 days, while Magic Eden, one of the most popular NFT marketplaces, experienced a 38% decline. Save (previously Solend), a lending protocol, also lost 42% of its active users. In comparison, Base, Ethereum’s layer-2 network, saw only a 2% fall in active addresses, and Ethereum’s main chain experienced a 17% fall. If Solana can turn this around and bring back new activity, it might be the catalyst for a price recovery. Market sentiment is frequently expressed in terms of leverage demand, especially using perpetual futures contracts. In the last three days, SOL’s funding rate has been negative, indicating short sellers are paying to maintain their position, as mentioned in our earlier report. The rate of -0.01% every eight hours is not atypical but reflects a lack of confidence among the traders. A move into long positions may ignite a price spike, particularly if surprise news — like the listing of a spot SOL ETF in the United States — catches short sellers by surprise. A short squeeze in such circumstances may hasten SOL’s move back to more elevated price levels. A minority of users have had a disproportionate impact on Solana’s transaction fees. It has been reported that 95% of network fees are generated by only 1.3% of users, predominantly from market-making companies such as Wintermute and maximum extractable value (MEV) bots. These bots partake in techniques such as sandwich attacks, through which they engineer outstanding trades on decentralized exchanges to gain a profit. Such activities have increased volatility and stifled organic growth. If Solana’s network realizes improvements that suppress the domination by MEV bots, it has the potential to create a better environment for stimulating long-term participation. A large institutional investor, World Liberty Financial, has been buying multiple cryptocurrencies such as Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), and Aave (AAVE). Yet, it has not shown interest in SOL. That is newsworthy considering the Official Trump (TRUMP) memecoin was launched on Solana. If World Liberty Financial were to invest in SOL, it might indicate that the investor is bullish about the network’s future, thus pushing prices higher. If on-chain activity, leverage demand, MEV bot behavior, and institutional investment improve, Solana price could gain momentum. This could help the SOL price recover to the $180 level.