NiftyNoon: Is the Crypto Bull Market Over? 🐂📈🛑
It has been a brutal week for markets across both equities and crypto (March 11, 2025)
Nifty Thought:
It has been a brutal week for markets across both equities and crypto. With $BTC falling below $80K and $ETH falling below $2K, many trader gains from this cycle (particularly for ETH) have been completely wiped out. However, it is important to consider the greater macro forces at play. The S&P 500 is also down over 7% year over year as Trump tariffs spook investors into a stagflation scenario where the USA enters a recession while inflation spikes up. While there has been significant optimism surrounding crypto as an industry last week, the coins still ultimately track IS equities. For better or worse, there is limited opportunity for upward price action without a true crypto decoupling from US stock prices or a return to risk on conditions for US equities. Nonetheless, in the long run US stocks have only trended in one direction. Holders of good crypto assets (perhaps only BTC) are likely to be rewarded over a long enough observation period. Believe in something.
Highlighted News:
🔷 The Ethereum Foundation (@ethereumfndn) reportedly longed $ETH with a $182,000,000 position, facing liquidation at $1,127:
https://x.com/blocknewsdotcom/status/1899279960981799296?s=46
📉 The REAL reason markets are crashing:
https://x.com/kobeissiletter/status/1899147239160693054?s=46
📜 Trump is expected to sign another crypto executive order as soon as this week:
https://x.com/s_lutz95/status/1899184113979949225?s=46
Project and Community News:
Cryptocurrency markets have now lost over $1.3 trillion in market value since all-time high in December: https://x.com/spectatorindex/status/1899177962966302789?s=46
White House statement on stock market plunge: https://x.com/shelbytalcott/status/1899213828837011758?s=46
There was a massive cyberattack against 𝕏: https://x.com/elonmusk/status/1899149509407473825
Bitcoin's likely in capitulation. Key initial levels are: https://x.com/bcbacker/status/1899170956024713568?s=46
@saylor revealed his latest Strategy to acquire more BTC: https://x.com/croesus_btc/status/1899161281820516828?s=46
European Union claims President Trump's support for crypto could harm Europe's "monetary sovereignty and financial stability": https://x.com/watcherguru/status/1899169170354565290?s=46
The @SECGov under Acting Chair @MarkUyedaUS is considering abandoning part of a 2022 Gensler-era proposal that would broaden the definition of alternative trading systems (ATS) to include some crypto firms: https://x.com/eleanorterrett/status/1899164980357779507?s=46
@CathieDWood shares market thoughts: https://x.com/cathiedwood/status/1899180530404413859?s=46
@ethereumJoseph remains bullish claiming we are approaching an epic set up: https://x.com/ethereumjoseph/status/1899199179768967671?s=46
Japan is cutting tax on Bitcoin gains from ~55% down to 20% as part of broad cryptocurrency reforms: https://x.com/btc_archive/status/1899086715228238122?s=46
Singapore Exchange to list Bitcoin perpetual futures: https://x.com/watcherguru/status/1899061485915009433?s=46
Thailand’s Regulator Recognizes Tether’s USD₮ as an Approved Cryptocurrency in Major Step for Digital Assets: https://x.com/tether_to/status/1899070469589864710?s=46
MT. GOX Moves $930 Million in Bitcoin: https://x.com/ashcryptoreal/status/1899366392941379621?s=46
VanEck registers Avalanche ETF in Delaware: https://x.com/crypto_briefing/status/1899305650645303580?s=46
@vaneck_us Spot Solana ETF $SOL Registered in Delaware: https://x.com/solananew/status/1899166343628542193?s=46
@coinbase 24/7 trading access to Bitcoin & Ethereum futures is coming to the US: https://x.com/coinbase/status/1899163756963500388?s=46
Ethereum’s Pectra upgrade on Sepolia was disrupted after an unknown attacker exploited a zero-token transfer edge case, leading to empty blocks being mined: https://x.com/solidintel_x/status/1899056801452020024?s=46
“Trump is crashing the market to refinance the US debt! It’s 4D chess!”… not how it works: https://x.com/adamscochran/status/1899262006676328519?s=46
@SamSpratt shares Masquerade Finalists: https://x.com/samspratt/status/1899172681997594633?s=46
A whale dumped 25,800 $ETH($47.8M) at a loss of over $32M to avoid liquidation: https://x.com/lookonchain/status/1899293860435726491?s=46
Trump-Backed World Liberty Financial’s Crypto portfolio is down $110M: https://x.com/bitinning/status/1898992218553364769?s=46
Elon Musk of Tesla, $TSLA, Jeff Bezos of Amazon, $AMZN, Sergey Brin of Google, $GOOGL, Mark Zuckerberg of $META have lost a total of $210 billion since Trump's inauguration, per Bloomberg: https://x.com/unusual_whales/status/1899202853178094053?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 1,037 ETH (▼ 2.43%)
🌊 OpenSea ETH Daily Volume: 938 ETH (▼ 2.15%)
🟠 BTC : $81,734.19 (▼ 0.95%)
🔷 ETH: $1,913.58 (▼ 9.55%)
🟣 Solana: $124.69 (▼ 2.81%)
🟪 Polygon: $0.21 (▼ 7.50%)
Top NFT Sales:
Azuki Elementals #13114: 85.00 ETH
CryptoPunks #1834: 42.50 ETH
CryptoPunks #7113: 40.50 ETH
NFT Daily Winners:
😡 Mad Lads: 48.45 SOL (▲ 2.87%)
🧦 Bitcoin Puppets: 0.04 BTC (▲ 2.27%)
🚬 CryptoPunks: 38.25 ETH (► 0.00%)
NFT Daily Losers:
🏳🌈 Chromie Squiggles: 3.94 ETH (▼ 0.25%)
🏴☠ Captainz: 0.70 ETH (▼ 2.76%)
🐵 NodeMonkes: 0.04 BTC (▼ 3.20%)
🐱 Quantum Cats: 0.18 BTC (▼ 3.50%)
👾 Tensorians: 3.78 SOL (▼ 3.58%)
🍭 Mocaverse: 1.86 ETH (▼ 3.97%)
⛩ Azuki: 2.45 ETH (▼ 5.71%)
🦧 Bored Ape Yacht Club: 12.37 ETH (▼ 5.94%)
👩🏻 Milady Maker: 3.13 ETH (▼ 6.66%)
🐧 Pudgy Penguins: 8.60 ETH (▼ 7.05%)
💼 Ordinal Maxi Biz: 0.03 BTC (▼ 7.23%)
Notes:
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