Welcome to the UPCXNEWS Daily Crypto Digest, your go-to source for the latest updates in the global cryptocurrency market. Here are today’s top five highlights as of March 10, 2025:
1. Crypto Market Cap Dips Below $2.8 Trillion, Fear Grips Investors
The total cryptocurrency market capitalization fell 8.4% in the last 24 hours, dropping below $2.8 trillion—a recent low. The Fear and Greed Index slid to 20, signaling “extreme fear” among investors. Analysts attribute the decline to global economic uncertainty and volatility in traditional markets. Confidence among retail investors is shaken, with many adopting a wait-and-see approach. The UPCX team encourages users to stay calm and leverage the platform’s efficient payment tools amid market swings.
2. Bitcoin Falls to $82,000 Amid U.S. ETF Sell-Offs
Bitcoin (BTC) dropped 4.34% to $82,000, accompanied by heightened trading volume. On-chain data reveals sustained outflows from U.S. institutional investors and Bitcoin spot ETFs, with whale buying weakening. Experts predict BTC may test the $80,000 support level soon, with all eyes on the U.S. stock market opening for further cues. UPCXNEWS will keep tracking Bitcoin’s trajectory and its implications for the broader crypto payment ecosystem.
3. Trump Mulls Bitcoin Acquisition, Saylor Pushes for 25% Reserve
U.S. Treasury Secretary hinted that former President Trump is exploring a plan to acquire Bitcoin as a strategic reserve asset. Meanwhile, MicroStrategy’s Michael Saylor urged the government to purchase 25% of the global BTC supply—around 5.25 million coins—to bolster the dollar and mainstream crypto adoption. The proposal has sparked debate, potentially signaling a bullish long-term outlook for the market. UPCX could see expanded payment opportunities if such policies take shape.
4. El Salvador Boosts Bitcoin Holdings to 6,111 BTC
Despite pressure from the IMF to scale back crypto exposure following an economic aid deal, El Salvador has added over 13 BTC since March 1, bringing its total holdings to 6,111. President Nayib Bukele reiterated Bitcoin’s role in securing financial sovereignty. The move has divided opinions, earning praise from crypto advocates and skepticism from traditional finance. UPCXNEWS views El Salvador’s strategy as a potential blueprint for global crypto payment adoption.
5. New $SUI ETF Registered, Tax Debate Heats Up
Canary Capital registered a $SUI ETF in Delaware, aiming to launch an exchange-traded fund based on the Sui blockchain’s native token to draw institutional interest. Concurrently, U.S. entrepreneur David Sacks opposed a Treasury proposal to tax crypto transactions, warning that overregulation could stifle innovation and push talent overseas. These developments underscore the ongoing tension between policy and progress. UPCX remains committed to delivering seamless payment solutions regardless of regulatory shifts.
Closing Note
Today’s digest captures the crypto market’s volatility, policy debates, and innovative strides. Stay tuned to UPCXNEWS for daily insights to navigate this dynamic space. See you tomorrow!