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The NFT market has bounced back despite ongoing crypto weakness, with Bitcoin sliding to $86,000 and Ethereum dropping to $2,100. The global crypto market has continued its drop, with total market cap edging down to $2.83 trillion from last week’s $2.84 trillion. According to CryptoSlam data , NFT sales volume has grown to $121.5 million, marking a 15.27% increase from the previous week. However, market participation has contracted sharply, suggesting larger trades from fewer participants. The weekly metrics reveal contrasting trends: Ethereum ( ETH ) sales jumped 50.76% to $37.6 million, though buyer numbers dropped 69.09% to 15,471. Wash trading rose 39.46% to $3.9 million. Bitcoin ( BTC ) saw a decline of 17.21% to $21.0 million. Solana ( SOL ) moved up to third place with $18.0 million, growing 51.24%. Mythos Chain held fourth with $15.2 million, up 2.84%, while Polygon ( POL ) dropped to fifth with $13.5 million, down 7.98%. When it comes to the top collections, Courtyard maintained its lead with $11.7 million, despite a 6.18% drop. The Polygon-based project continued strong activity with 141,076 transactions. DMarket climbed to second with $10.1 million, growing 4.83% and keeping solid volume with 351,203 transactions. Paradise, a Solana collection, burst into third place with $9.8 million, posting a 292.14% increase. CryptoPunks made a major comeback, jumping to fourth with $7.1 million, surging 519.26%. BRC-20 NFTs took fifth with $7.1 million, up 173.4%. Pudgy Penguins showed signs of recovery in seventh place with $2.4 million, climbing 54.82% with increases across all metrics. The week was marked by several high-value sales:

On March 7, 2025, the White House hosted its first-ever crypto summit, with President Donald Trump zeroing in on “ Operation Chokepoint 2.0 ” and its impact on the crypto industry. Trump announced a major policy change aimed at dismantling this initiative and fostering a more positive environment for crypto businesses. Trump condemned this practice, asserting that it had wrongfully misused the banking system against the industry. His administration now seeks to create a more positive environment for crypto businesses, promising regulatory clarity moving forward. Related: Donald Trump Makes It Official: Strategic Bitcoin Reserve, Altcoin Stockpile Is Law Coinciding with his pledge to dismantle “Operation Chokepoint 2.0,” President Trump also unveiled a strategic Bitcoin reserve initiative. This reserve, funded by using seized Bitcoins, is intended to position the U.S. as a major player in the crypto space. David Sacks, the President’s crypto czar, confirmed on social media that the U.S. government holds around 200,000 Bitcoins, currently valued at over $17 billion. He emphasized that once these Bitcoins are placed in the reserve, they will remain untouched, serving as a store of value similar to the U.S. gold reserves. Looking ahead, Trump’s government plans to create a general crypto stockpile, which may include other digital assets such as Ethereum, XRP, and Solana. Moreover, he reiterated the need for clear stablecoin regulations, aiming for legislation before Congress’s summer recess. Related: US Crypto Czar Mulls Bitcoin Reserve; Price Faces Key Technical Test Trump noted that clear regulations will create continued growth and innovation in the financial sector solidifying the U.S. leadership in the crypto market. However, his immediate focus at the summit was undeniably on reversing “Operation Chokepoint 2.0” and its chilling effect on crypto banking. 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.

Ripple CEO Brad Garlinghouse described the past week as a turning point for the cryptocurrency industry. He pointed to high-level discussions at the White House Crypto Summit and the Commodity Futures Trading Commission (CFTC) CEO Roundtable. Garlinghouse highlighted the key regulatory priorities that emerged from the meeting, on social media platform X. They included Congressional action on crypto legislation, a Bitcoin reserve, and support for stablecoins backed by the U.S. Treasuries. Garlinghouse also expressed optimism about the administration’s stance, contrasting it sharply with the previous Biden administration, which he characterized had been hostile towards crypto. That made him acknowledge the significance of the latest discussions, all the more, noting strong support for a fair regulatory framework that can transition to the industry’s growth. Related: Garlinghouse Heads to White House Crypto Summit: XRP’s Role in Trump’s US Reserve in Focus Garlinghouse also urged the industry to move past internal divisions and focus on achieving regulatory clarity. He criticized the ongoing “maxi-induced noise” and infighting, stating that the crypto sector should work together to ensure a level playing field. “We will continue to champion the need for a fair regulatory environment,” he said. Further, Garlinghouse thanked President Donald Trump, White House AI and Crypto Czar David Sacks, and Representative Bo Hines for facilitating crypto discussions at the White House and CFTC Commissioner Caroline Pham for hosting the regulatory roundtable. Legal expert Bill Morgan echoed Garlinghouse’s statement as a “very positive and grateful take” on what he called a “monumental week” for crypto. He noted the stark contrast to the regulatory climate just six months ago. Despite these positive developments, the SEC’s lawsuit against Ripple remains active. Unlike many other cases that have been dropped, Ripple’s legal battle continues at the appellate court. Related: SEC Drops Multiple Lawsuits and Investigations Against Crypto Firms—Here’s the List It’s worth noting that the SEC has paused or dismissed multiple lawsuits and investigations involving major cryptocurrency firms in recent weeks. Companies like Binance, Coinbase, Kraken, and Uniswap have benefited from the SEC’s recent action. However, Ripple remains in a holding pattern, awaiting its fate. Experts suggest the delay in Ripple’s case stems from the fact that the lawsuit has received a binding decision. Consequently, a quick settlement is not as straightforward as in other cases without a final judgment. 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 launch of Bitcoin spot ETFs was initially hailed as a major shift for the crypto industry. Many believed these investment vehicles would unlock significant institutional demand, propelling Bitcoin to new heights. However, the reality has played out differently. Since January 20, 2024, Bitcoin has struggled to maintain upward momentum, prompting questions about whether the market priced in perfection too soon. Interestingly, historical market patterns may offer insights into Bitcoin’s current trajectory. Analyst Benjamin Cowen has pointed to similarities between Bitcoin’s ETF performance and the Nasdaq-100 ETF (QQQ) launched in 1999. The QQQ ETF peaked 54 weeks after its inception, a timeline that aligns with Bitcoin’s peak 54 weeks post-ETF launch. The coincidence is notable, especially given that this peak aligned with the U.S. presidential inauguration, a potential macroeconomic turning point. A key issue in this cycle has been liquidity distribution. The rise of memecoins has taken capital away from Bitcoin and other established assets. Many retail investors were lured into believing in a “memecoin supercycle,” only to see most of these tokens collapse. This pattern echoes previous speculative bubbles, where hype-driven assets outperformed momentarily before erasing gains. Related: Bitcoin Nation Reserve Race: Who’s Next After the US? Bitcoin dominance, which has climbed from 38% to 64%, demonstrates how capital is consolidating back into BTC. This trend suggests that investors are losing confidence in altcoins, opting instead for Bitcoin’s relative stability. Moreover, the role of ETFs in this cycle has also been a point of debate. While they increase Bitcoin’s accessibility, they also raise concerns about long-term decentralization and institutional control over supply. Historical market cycles provide another interesting angle. The 1970s, a period of high inflation and economic uncertainty, saw two left-translated market cycles. A left-translated cycle happens when a market peak occurs early, leading to prolonged bearish conditions. If Bitcoin follows this pattern, we may see a sharp decline in Q1 2025, followed by a temporary relief rally in Q2/Q3. However, if BTC falls below $70,000 soon, it may confirm a left-translated cycle. Related: Bitcoin Critic Peter Schiff Calls Trump’s Strategic Bitcoin Reserve “Bogus,” Questions Real Impact A lower high in the subsequent rally could prepare the stage for a recession in 2026. Conversely, if Bitcoin maintains support above $70,000, it might still reach new highs later. As of press time, Bitcoin (BTC) is priced at $86,034.03 , with a 24-hour trading volume of $50,823,451,453. The price has dropped by 3.28% in the last 24 hours but gained 0.75% over the past week. With a circulating supply of 20 million BTC, its market capitalization stands at $1,7 trillion. 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.

It looks like MINT/USDT has experienced an incredible surge, skyrocketing by 1,106% in just one day! The current price is $0.0603, up from a low of $0.0050 and reaching a high of $0.1160 within 24 hours. This kind of volatility suggests a massive influx of trading activity, with 60.84 million MINT tokens exchanged, translating to a $4.02 million turnover. Such drastic price movements could be due to a significant announcement, listing on a new exchange, or major investor interest. If you’re considering trading MINT, be cautious—while the potential for profits is high, extreme fluctuations also bring risks. This price action indicates that MINT is currently in a highly speculative phase. If you're holding, keeping an eye on support and resistance levels could be crucial. And if you're planning to enter, analyzing market sentiment and news updates would be wise. Are you trading MINT? What’s your take on this sudden surge? Let’s discuss!