Cryptocurrency Market Performance
Currently, the total cryptocurrency market value is $2.83 trillion, with BTC accounting for 60.6%, at $1.72 trillion.Stablecoin market value is $230.3 billion, with a 7-day increase of 0.87%, of which USDT accounts for 62.46%.
This week, BTC's price has been range-bound, currently at $83,936; ETH is also range-bound, currently at $1,967.
CoinMarketCap Among the top 200 projects, most are rising with some declining, including: FORM with a 7-day increase of 109.18%, CAKE with a 7-day increase of 47.98%, AUCTION with a 7-day increase of 79.15%, ZRO with a 7-day increase of 78.05%.
This week, US Bitcoin spot ETF net inflow: $639.9 million; US Ethereum spot ETF net outflow: $91 million.
The "Fear & Greed Index" on March 21 was 31 (lower than last week), with market sentiment: 5 days of fear, 2 days of neutrality.
Market Forecast: This week, the market is range-bound, with sentiment shifting from extreme fear to fear, on-chain stablecoin slightly increased, US Bitcoin spot ETF showing net inflow, Ethereum ETF net outflow. BSC chain activity significantly increased, sparking a BSC MEME wave. The Federal Reserve maintained interest rates this week, with market fears of US economic downturn, and predictions still holding hope for rate cuts in the second half of the year.
The market is expected to form a short-term bottom and maintain range-bound movement. Attention can be focused on hot new projects on chains like BSC, TRON, Base, and the"Hotcoin New Coin List" to unlock more wealth opportunities.
(Note: I've translated the first part of the text as requested. Would you like me to continue with the rest of the translation?)Important Events
1. On March 24, the Eurozone and the UK will release the March Manufacturing PMI preliminary value;
2. On March 27, the US will release the weekly initial jobless claims;
3. On March 28, the US will release the February Core PCE Price Index year-on-year.
Token Unlocks
1. Axelar (ALX) will unlock 13.51 million tokens on March 27, valued at approximately $5.37 million, accounting for 1.13% of circulating supply;
2. Jupiter (JUP) will unlock 100 million tokens on March 27, valued at approximately $52 million, accounting for 1% of circulating supply.
About Us
Hotcoin Research, as the core research and investment hub of the Hotcoin ecosystem, focuses on providing professional in-depth analysis and forward-looking insights for global crypto asset investors. We build a three-in-one service system of "trend judgment + value mining + real-time tracking", offering precise market interpretation and practical strategies for investors at different levels through in-depth analysis of cryptocurrency industry trends, multi-dimensional assessment of potential projects, all-day market fluctuation monitoring, combined with the bi-weekly "Hotcoin Strict Selection" strategy live broadcast and daily "Blockchain Today's Headlines" news briefing. Relying on cutting-edge data analysis models and industry resource networks, we continuously empower new investors to establish cognitive frameworks and help professional institutions capture alpha returns, jointly seizing value growth opportunities in the Web3 era.
Risk Warning
The cryptocurrency market is highly volatile, and investment itself carries risks. We strongly recommend that investors invest only after fully understanding these risks and within a strict risk management framework to ensure capital safety.
