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Following a brief surge after Donald Trump’s presidential victory and the memecoin launches from both Trump and Melania Trump in January, the market capitalization has dropped from a high of $137 billion in December to just $54 billion as of March 2025. This significant loss in value highlights ongoing volatility in the market, which has been further exacerbated by economic uncertainties, lack of regulation, and scandals surrounding insider trading. As a result, the memecoin market continues to be a highly unpredictable and speculative area within the broader cryptocurrency space.

Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of net outflows on March 5, led by Valkyrie’s BRRR. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $38.3 million in outflows on Wednesday, extending their outflow streak to three days with $74.19 million and $143.43 million in net redemptions on Monday and Tuesday, respectively. The majority of the outflows came from Valkyrie’s BRRR, with $60.42 million exiting the fund, while Invesco Galaxy’s BTCO and Bitwise’s BITB saw more modest outflows of $9.94 million and $6.87 million, respectively. BlackRock’s IBIT, the largest Bitcoin ETF in terms of net assets held, managed to offset part of the outflows as it drew in $38.93 million from investors, bringing its total net inflows to $39.66 billion since its launch. The remaining eight Bitcoin ETFs saw zero flows on the day. The total trading volume recorded by these investment vehicles stood at $3.27 billion on March 5. Meanwhile, the nine Ethereum ETFs returned to outflows on March 5, with $63.32 million exiting the funds following a day of $14.58 million in net inflows, which had ended their prior eight-day inflow streak. The entire outflow seen on Wednesday came from Grayscale’s ETHE, which has the highest fees among Ethereum ETFs. The remaining Ethereum funds saw no flows on the day. Notably, the significant outflows from both Bitcoin and Ethereum ETFs appear to be linked to growing uncertainty around former President Donald Trump’s proposal for a U.S. Crypto Strategic Reserve. While the idea of holding Bitcoin and Ethereum as part of a national reserve aims to strengthen the U.S.’s position in the crypto space, it has sparked debate. Many in the crypto community view it as contradictory to Bitcoin’s decentralized nature, raising concerns about potential government influence over an asset designed to be independent. Initially, the announcement provided a boost to the digital asset market, but that rally was short-lived as another wave of selling pressure emerged. Despite this, Bitcoin and the broader crypto market have managed to recover some ground, with BTC climbing back near $92,500 and the total market cap remaining above $3.1 trillion. Looking ahead, analysts expect more price swings in the near term, particularly amid ongoing geopolitical tensions and trade uncertainties . Historical data from Bitcoin’s volatility index suggests that March could see heightened turbulence before potential stabilization in April, which might ease some selling pressure. At press time, Bitcoin ( BTC ) was up 6.3% over the past day, exchanging hands at $92,710, while Ethereum ( ETH ) was trading 5.9% higher at $2,299 per coin.

Texas is moving ahead with its Strategic Bitcoin Reserve Bill, SB21 , now put for vote. The bill, which signals the state’s growing adoption of Bitcoin, could make Texas the first state in the US in digital asset adoption. At the same time, on a national level, President Donald Trump is set to reveal a major cryptocurrency policy shift at the first-ever White House crypto summit this Friday. These developments indicate a heightened governmental interest in integrating Bitcoin into the broader financial system. Lawmakers in Texas could vote on the Strategic Bitcoin Reserve Bill as early as today. The legislation, which has been placed on the “notice of intent” list, aims to establish a state-backed Bitcoin reserve. If approved, it would cement Texas’ role in the digital asset space, setting a precedent for other states. Related: Trump’s Crypto Reserve vs. US Data: Will This Week’s News Drive Bitcoin? On the national front, the Trump administration is expected to make an announcement on cryptocurrency policy. Commerce Secretary Howard Lutnick has hinted at a new structure that would give Bitcoin special significance. While details remain few, it is clear that Trump sees Bitcoin as a strategic asset with long-term implications. The upcoming crypto summit at the White House is set to be a key moment. It may provide clarity on how the administration plans to regulate digital assets and whether a federal Bitcoin reserve is in consideration. Related: Donald Trump’s Shift from Bitcoin Reserve to a ‘Broader’ Crypto Plan Sparks Debate This move could reshape the U.S. financial world by offering Bitcoin a level of government backing, potentially increasing its legitimacy and adoption. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The U.S. “Crypto Strategic Reserve” described by President Donald Trump has generated a wide range of disagreements among cryptocurrency followers. The proposed Crypto Strategic Reserve would incorporate five main digital assets, including Bitcoin, Ethereum, XRP, Solana, and Cardano. Bitcoin maximalists who only defend Bitcoin as an exclusive cryptocurrency category have displayed intense opposition against adding new digital currencies to the strategic reserve. Veteran trader Peter Brandt criticized Trump’s stance, stating that his planned proposal weakens his authority and Bitcoin represents the only suitable choice for such a reserve. The strategic requirements for a reserve according to Tyler Winklevoss require Bitcoin as the sole cryptocurrency because other digital assets fall short. Conversely, legal professionals supporting a broader spectrum of cryptocurrencies have defended the inclusive nature of Trump’s proposal. Pro-XRP lawyer Bill Morgan accused Bitcoin maximalists of ingratitude, emphasizing that the current administration is fostering innovation in the digital asset space after years of regulatory challenges. Morgan highlighted that XRP possesses a finite supply, with its total number gradually decreasing due to transaction fees, and noted that Ripple’s escrow system controls the release of XRP, with holdings steadily decreasing as more XRP is owned by the broader market. The announcement led to a temporary surge in cryptocurrency prices, with Bitcoin reaching nearly $93,000 and other included assets experiencing notable gains. However, these increases were short-lived, as prices stabilized shortly thereafter. The proposal has also raised concerns among experts, who question the rationale behind including certain cryptocurrencies in the reserve and caution about potential volatility and unpredictability associated with these digital assets. The debate underscores the deep divisions within the crypto community regarding the strategic direction of digital asset adoption at the national level. As the White House Crypto Summit approaches on March 7, stakeholders anticipate further clarification on the administration’s policies and the potential implications for the broader cryptocurrency market. The proposed Crypto Strategic Reserve by President Trump generated multiple reactions from cryptocurrency users who showed a wide range of opinions. Supporters advocate for two different strategies to build a reserve: either using Bitcoin or allowing multiple cryptocurrency types. 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.

Chainlink (LINK) has experienced a notable decline after reaching highs above $30, sparking concerns among traders about whether the downtrend will continue. With the price now hovering around $15, the key question is whether LINK will break below $10, or if a recovery is on the horizon. Given its crucial role in the blockchain space as a decentralized oracle network, Chainlink remains a strong long-term project. However, short-term price action suggests continued volatility. This analysis will explore LINK’s key support and resistance levels, RSI trends, and the probability of a rebound or further decline. Chainlink has been in a steady downtrend since reaching $30, forming lower highs and lower lows. After failing to hold support at $20, the price dropped below $15, signaling increased bearish momentum. The current price structure suggests that the market is struggling to find buying pressure, which could open the door for further downside. The next critical support level sits around $12-$13, which has historically acted as a strong demand zone. If LINK fails to hold above this range, the price could break down toward $10 or even lower in an extended bearish scenario. The possibility of LINK breaking below $10 depends on whether $12-$13 holds as support. This level has previously prevented major breakdowns, making it a key area to watch. If sellers overwhelm buyers and push LINK below $12, the next target would be $10, where further sell-offs could accelerate. However, a break below $10 seems unlikely unless broader market conditions turn extremely bearish. If Bitcoin and the overall crypto market continue declining, then LINK could see sub-$10 prices, but for now, bulls still have a chance to defend the current levels. Despite its extended downtrend, LINK is showing some early signs of stabilization. The Relative Strength Index (RSI) is currently at 34, approaching the oversold zone, which suggests that selling pressure could be weakening. Typically, when RSI drops below 30, it indicates a potential reversal is near. Additionally, the Heikin Ashi candles show that the bearish trend is starting to slow down. If LINK can print multiple consecutive green candles, it would signal that buyers are stepping in. However, a true reversal would require a break above $17-$18, which is the first major resistance level. For LINK to confirm a reversal , it must first reclaim $17-$18, which previously acted as a strong support zone. If buyers manage to push the price above this range, it could open the door for a rally toward $20-$22, where the next major resistance lies. A successful breakout above $22 would indicate a larger trend reversal, potentially pushing LINK back toward $25-$28 in the mid-term. However, failing to break these resistance levels would likely result in continued sideways movement or further declines. Chainlink is currently at a critical price level, with $12-$13 acting as the last major support before a potential drop to $10. While the RSI suggests that a short-term bounce is possible, the broader market trend remains bearish. For short-term traders, waiting for a break above $17-$18 would provide a safer entry point. Meanwhile, long-term investors might consider accumulating in the $12-$15 range, as these levels historically offer strong buying opportunities. For now, LINK’s next move will depend on whether bulls can defend support or if further breakdowns occur.