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Nasdaq-listed Bitcoin mining firm CleanSpark has announced its upcoming inclusion in the S&P SmallCap 600 index. CleanSpark, one of the largest Bitcoin ( BTC ) mining companies in the world, revealed this via press release on Mar. 10. According to the news release, inclusion in the S&P SmallCap 600 index will go into effect ahead of market opening on March 24, 2025. The S&P SmallCap 600 Index measures the small-cap constituents of the U.S. stock market. It tracks companies based on criteria such as book value and earnings, with these deemed value stocks also evaluated in terms of liquidity and financial viability. Inclusion into the index adds to the recent positive developments for CleanSpark, which completed significant deals in 2024. The miner also crossed 10,000 BTC in its treasury and hit key targets in its hashrate haul. Zach Bradford, the chief executive officer of CleanSpark, noted that joining the S&P SmallCap 600 index marks another significant milestone for the Bitcoin mining company’s employees, investors, and management team. The inclusion is also notable as it recognizes CleanSpark’s consistent market performance. He added: “Our inclusion enhances visibility within the investment community and gives us an opportunity to demonstrate the value of being a pure play, vertically integrated Bitcoin mining company and making exposure to our model more broadly available.” CleanSpark’s first-quarter results indicated that the company’s revenue rose 82% quarter-over-quarter to $162.3 million. Q1 also saw a 33% increase in BTC production, with 1,945 BTC mined over the three months compared to 1,465 BTC in the previous quarter. Meanwhile, the deployed hashrate increased by 41.7% to 39.1 exahashes per second. These spikes came as Bitcoin price recorded a 37% upside movementum. While BTC has dropped 16% in the past month, hovering near $80,000, crypto analysts remain bullish on the asset. Stock analysts also rate the pure-play Bitcoin miner CleanSpark’s stock as a top pick in the sector.

Today, the digital asset market saw further declines due to recent economic turmoil. Over the past 24 hours, its market capitalization decreased by 1.07% to $2.79 trillion while its transaction volume dropped by 51.72% to $52.79 billion. The fear and greed index decreased to 27 from yesterday’s 28, showing anxiety in the market. The ongoing downturn is due to an interplay of global economic turmoil, new US tariffs, and bearish investor sentiment. On Friday, March 7, 2025, the market fell and investor sentiment turned bearish after news emerged that the US government won’t actively buy cryptocurrencies to be held in a strategic crypto stockpile announced early this week. The White House stated that the crypto reserve would capitalize on assets forfeited in civil and criminal cases. Daily Summary on March 9, 2025$MOVE $ENA $BCH $CRO $ADA $ETH $BTC $XRP $SOL $ADA#dailysummary #DeFi #Crypto pic.twitter.com/UOgFkYYA3B — PHOENIX – Crypto News & Analytics (@pnxgrp) March 9, 2025 How is the market performing today? Bitcoin and prominent altcoins slumped as hopes of the US crypto strategic stockpile waned, worsened by Trump’s tariff plans. Today, BTC’s value is standing at $84,450 after seeing a decline of 2.07% over the past 24 hours. Ether declined by 0.96% making its price currently trading at $2,143. XRP, BNB, and SOL are also down 4.02%, 3.09%, and 1.65% respectively. Similarly, ADA, DOGE, and TRX registered decreases of 3.80%, 5.24%, and 1.82% respectively. Top performers today Despite the significant downturn in the wider market, some assets have performed well. Movement (MOVE) emerged as the top performer in today’s crypto market, with a price surge of 47.18% over the past 24 hours. With the increase in demand for US-based crypto assets following the US crypto strategic stockpile’s announcement, MOVE’s price has garnered huge strength, making it one of the best performers. Ethena (ENA) became the second-best performer after its value rose by 29.50% over the period. ENA is doing well because investors and traders are increasingly accumulating the asset, as they have confidence in its growth potential. Bitcoin Cash (BCH) took the third position with a price increase of 28.88%. BCH is currently in a market rally. On-chain data shows the asset is in a bullish trend, with its open interest surging and transaction rate reaching higher levels. Cronos (CRO) settled on position four with a price jump of 28.38%. CRO has been in an uptrend, with its price growth of 121% recorded over the past month, fuelled by robust investor enthusiasm. Lastly, Cardano (ADA) made it to this list with a price upsurge of 25.58%. ADA has ben seeing incredible increase after Trump announced that the US crypto strategic stockpile would include ADA, SOL, XRP, ETH, and BTC.

Dogecoin (DOGE) has been experiencing substantial price decline over the past month as the wider market trends continue to have impacts on the asset. Its drastic price decrease has raised questions about its next movement in a market gripped by selling pressure. Today, Crypto analyst, Trader Tardigrade, commented that Dogecoin’s bullish phase is still on after intense price fluctuations strike the wider crypto market. $Doge is still in Bullish phase 🔥#Dogecoin pic.twitter.com/tEeLWR1IFG — Trader Tardigrade (@TATrader_Alan) March 9, 2025 DOGE forms Dargonfly Doji pattern In a post on X, the analyst pointed out a formation of a Dargonfly Doji pattern on the DOGE’s daily timeframe. This pattern normally emerges after a downward momentum and is broadly regarded as an upward trend signal. It signifies that despite the decline triggered by sellers, buyers appear coming in and DOGE could be preparing for a recovery. The formation of this pattern is an indication that the meme coin is on the verge of a price jump. Also, the analyst stated that DOGE’s price movement aligns with the Mean Reversion theory. According to this theory, over time, asset prices tend to pull back toward their past average price movements. As per the analyst, DOGE’s current downturn is a retracement to its historical price averages, as highlighted by this theory. Despite recent drop, the meme coin could be primed for an upturn, possibly going back to higher levels. DOGE price updates Dogecoin has been facing extensive selling pressure lately. The asset’s price has been down 24.4% and 7.8% over the past month and seven days ago. Its value is currently trading at $0.1876, after seeing a decline of 3.8% over the past 24 hours. However, these figures shows that the downtrend is losing strength as buyers entering the market. This price movement suggests that the asset is likely to witness as an upswing as market sentiment shifts towards bullishness and buyers gradually coming in. A key on-chain indicator showing DOGE’s imminent rise is Open Interest (IO). Over the past 24 hours, Dogecoin’s IO rose by 2.73% to $1.74 billion, indicating growing interest from traders who are creating positions in the asset. This surge in Open Interest suggests that traders and investors are accumulating the asset, having confidence in its growth potential. If buyers can continue seizing the market dips and accumulating DOGE, this could enable the asset’s price to climb to the major resistance levels of $0.2050 and $0.2120. Reaching these levels would confirm a bullish trend.

Anheuser-Busch InBev ($AB InBev) is the world's largest brewer, with a diverse portfolio of over 630 beer brands operating in more than 150 countries. Recent Financial Performance: Third-Quarter 2023: $AB InBev reported revenues of $14.8 billion, a 3.4% increase, driven by higher-end brands like Corona and Michelob Ultra. Despite a 19% volume decline in China due to economic challenges, growth in Central and South America, Europe, and North America offset this downturn. Total volumes decreased by 1.9%, but quarterly adjusted profits rose by 10.1%, surpassing expectations. Market Dynamics: Shift in Consumer Preferences: Michelob Ultra became the leading beer on U.S. draft lines, surpassing Bud Light as of November 1, 2024. This change reflects a consumer trend towards health-conscious and premium beer options. Impact of Boycotts: In 2023, Bud Light faced boycotts due to a marketing collaboration with a transgender influencer. This led to a significant decline in U.S. revenue and sales volumes for $AB InBev, prompting layoffs and the sale of several brands. Strategic Outlook: AB InBev's focus on premium brands and adaptability to changing consumer preferences have bolstered its global presence. However, challenges in key markets like China and the U.S. necessitate continuous innovation and strategic adjustments to maintain its leadership in the global beer industry.

The highly anticipated White House Crypto Summit flopped as retail investors, tired of Trump-related events, seemingly expected a market rally that didn’t happen. The White House Crypto Summit and the U.S. Strategic Bitcoin Reserve seem to have failed to meet retail investors’ high expectations, leaving them frustrated as U.S. President Donald Trump -related activities sparked no market rally, analysts say. In a March 10 post on X, analysts at Matrixport said retail investors aren’t showing much interest, with perpetual futures funding rates staying low in single digits. The current sentiment demonstrates “start contrast” compared to the high rates seen in April and December 2024, they added. “Even the momentum surrounding Trump’s inauguration was relatively muted-a clear signal that Bitcoin’s next leg higher will require a more significant catalyst.” Markus Thielen, independent analyst Bybit’s analytics report done with Block Scholes also noted that while spot prices of certain cryptocurrencies went up after Trump’s announcement of a crypto strategic reserve, funding rates have stayed stable and haven’t reached extreme levels, clearly signaling that the market “needs a stronger boost than Trump’s Crypto strategic reserve.” As crypto.news pointed out earlier, there was a risk that Bitcoin ( BTC ) and other cryptocurrencies could drop after the summit, as the event might follow the common “buy the rumor, sell the news” strategy. In this approach, speculators typically buy an asset leading up to a big event and then sell once it happens. A good example of this was Donald Trump’s 2024 U.S. presidential victory, when cryptocurrencies surged but then lost those gains after his inauguration in January. Similarly, Ethereum’s ( ETH ) price rose ahead of spot exchange-traded fund approvals in September last year, only to drop afterward.