Cryptocurrency Market Performance
Currently, the total cryptocurrency market capitalization is $2.84 trillion, with BTC accounting for 60.8%, at $1.73 trillion.Stablecoin market capitalization is $233.4 billion, with a 7-day increase of 0.98%, of which USDT accounts for 61.88%.
This week, BTC's price has been range-bound, currently at $84,094; ETH is also range-bound, currently at $1,902.
CoinMarketCap Among the top 200 projects, most are declining with a few rising, including: BERA with a 7-day increase of 28.09%, CRO with a 7-day increase of 27.92%, GRASS with a 7-day increase of 27.74%, and SAFE with a 7-day increase of 25.94%.
This week, US Bitcoin spot ETF net inflow: $196.4 million; US Ethereum spot ETF net outflow: $8.7 million.
The "Fear & Greed Index" on March 29 was 26 (lower than last week), with market sentiment this week: 3 days of fear, 4 days of neutrality.
Market Forecast: This week, the market is range-bound, with sentiment remaining fearful, on-chain stablecoin slight re-issuance, US Bitcoin spot ETF net inflow rate slowing down, and Ethereum ETF net outflow rate slowing down. SOL chain MEME shows signs of a comeback, with Ghibli standing out. The US February PCE index was higher than expected, Trump administration threatened high tariffs if the EU and Canada jointly harm the US economy, the probability of the Federal Reserve maintaining interest rates in May is 87.8%, and the market is expected to remain range-bound in a period (4-6 months). In terms of potential opportunities, attention can be paid to hot projects on BSC and SOL chains, and the"Hotcoin New Coin List" can be focused on to unlock more wealth opportunities.
[The rest of the translation follows the same approach, maintaining the structure and translating all text while preserving technical terms and proper nouns as specified.]Project Progress
1. Investment management company VanEck will waive management fees for the Bitcoin spot ETF HODL from March 13 to March 31, 2025. If it exceeds $150 million before the deadline, the management fee for the excess will be 0.2%. After March 31, 2025, the management fee will return to 0.2%;
2. ZKsync Ignite Season 1 runs from January 6 to March 31, during which 100 million ZK tokens will be distributed to DeFi users providing liquidity to DEX, lending, and Perps, with rewards claimable weekly;
3. DAG-based order book DEX Vite Labs will close the Vite gateway in April, with users still able to use community gateway operators, and funds need to be transferred to exchanges/community gateways.
Important Events
1. Binance will delist stablecoin trading pairs that do not meet MiCA standards for European Economic Area (EEA) users by March 31, 2025, to comply with regulatory requirements. Affected assets include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Stablecoin pairs meeting MiCA standards (such as USDC and EURI) and fiat currency pairs (EUR) will remain unchanged;
2. New licensing rules in the Cayman Islands will take effect on April 1, 2025. According to the 2025 Virtual Assets (Service Providers) (Amendment) Regulations, all entities providing virtual asset custody and trading platform services must obtain a license from the Cayman Islands Monetary Authority (CIMA). Existing Virtual Asset Service Providers (VASPs) must submit license applications within 90 days after the effective date;
3. Japanese listed company Metaplanet will execute a 10-for-1 stock split on April 1, having begun purchasing Bitcoin since April 2024.
Token Unlocks
1. Hooked Protocol (HOOK) will unlock 8.33 million tokens on April 1, valued at approximately $1.14 million, representing 1.67% of circulating supply;
2. dYdX (ETHDYDX) will unlock 8.33 million tokens on April 1, valued at approximately $5.71 million, representing 1.13% of circulating supply;
3. Conflux (CFX) will unlock 87.5 million tokens on April 1, valued at approximately $7.46 million, representing 1.71% of circulating supply;
4. Gravity (G) will unlock 180 million tokens on April 5, valued at approximately $2.81 million, representing 1.5% 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 of different levels through comprehensive crypto industry trend analysis, multi-dimensional potential project assessment, and round-the-clock market fluctuation monitoring, combined with bi-weekly "Hotcoin Strict Selection" strategy live broadcasts and daily blockchain news updates. Leveraging 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 inherently carries risks. We strongly recommend that investors invest only after fully understanding these risks and within a strict risk management framework to ensure fund safety.
