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Crypto News

Crypto Market Recovers from Heavy Sell-Offs

The cryptocurrency market sees a 1.1% rise in global market cap, signaling recovery after a rough start to the week. Bitcoin regained ground over $82,000 after President Donald Trump sought to reassure a business roundtable over the outlook for the economy and the steps he’s taking to boost growth.. 

Trump said he doesn’t see a US recession, downplaying Wall Street’s jitters around his trade war.

Michael Saylor Posted "Big Things Are Coming"

Strategy founder Michael Saylor posted on X "₿ig things are coming," where the word "₿ig" starts with the Bitcoin-related symbol, hinting that Bitcoin-related news may be announced.

Dogecoin, XRP ETF Filings Delayed By SEC

The Securities and Exchange Commission delayed the approval of several cryptocurrency spot exchange-traded funds Tuesday, including Litecoin, Solana, XRP, and Dogecoin.

Leading Bloomberg analyst James Seyffart said the delay in approval was not surprising. “It’s expected as this is standard procedure, & [Paul] Atkins hasn’t even been confirmed yet.”

However, he stressed that the delay does not affect the “relatively high” odds of approval for these ETFs, whose final deadlines are not until October.

Bitcoin Could Be at Deep Value Levels or Start of a Bear Market: CryptoQuant

Bitcoin’s valuation metrics are pointing to bearish territory, and according to a CryptoQuant analyst, the market may be teetering between deep value levels and the onset of a bear market.

CryptoQuant’s analysis, published on March 11, reveals that nearly every major indicator now signals caution.

The Bitcoin Bull-Bear Market Cycle Indicator is currently at its most bearish level this cycle—a level that, in previous cycles, has either preceded a sharp correction or marked the beginning of a downturn.

Texas Moves Forward with Second Bitcoin Reserve Bill, Eyeing $250M Allocation

On March 11, 2025, Texas lawmakers introduced House Bill 4258, the state’s second Bitcoin reserve bill, proposing a $250 million allocation from the state’s Economic Stabilization Fund for investments in Bitcoin and other cryptocurrencies.

According to the second proposed Bitcoin reserve bill, Texas seeks to allow the state’s Comptroller of Public Accounts to invest up to $250 million in Bitcoin or other cryptocurrencies using money from the Economic Stabilization Fund (ESF), commonly known as the Rainy Day Fund.

House Committee Favors Stablecoin Regulation To 'Strengthen' Dollar

The House Financial Services Committee held a hearing Tuesday to discuss the need for stablecoin regulation and the harmful impacts of a U.S. Central Bank Digital Currency.

The committee members examined the potential of blockchain technology, especially in stablecoin payments. They also discussed the STABLE Act—a legislation introduced in the House last month that aims to establish a clear regulatory framework for payment stablecoins while adhering to U.S. anti-money laundering and sanctions laws.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Tuesday (Mar 11) was $371 million. The total net asset value of Bitcoin spot ETFs is $92.84 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.65%.

The Bitcoin spot ETF with the highest net outflow on Mar. 11 was iShares Bitcoin Trust, with a net outflow of $151.26 million. Following that was Fidelity Wise Origin Bitcoin Fund, with a net outflow of 107.10 million, according to SoSoValue.