
Bitcoin Rebounds to $83K After Sharp Fall, Global Crypto Market Shows Mixed Trends in March 2025
In recent weeks, Bitcoin's price has fallen to about $82,000 as of early March, one of its steepest weekly drops ever, before recovering to over $83,000.
Analytical Insight, in its new report, sheds light on how global cryptocurrency markets performed in March 2025. The report reveals mixed trends due to shifting investor sentiments, new regulations, and changes in the world economy.
Despite the volatile global economy, Bitcoin remained strong, ending March at over $83,000. It rose slightly over the month and jumped 8% in the last week, unlike Ethereum, the second biggest cryptocurrency, which dropped by 18% and closed the month around $1,574. Other coins like Solana performed much better, rising more than 17% in a week.
The value of stablecoins like USDT and USDC remained mostly the same. These currencies are frequently bought by investors seeking safety in times of market uncertainty. Also on the rise are XRP and TRX, suggesting that some traders are still optimistic about the market.
Decentralized Financial (DeFi) platforms also saw a drop in value, going down from $177 billion in January to $128 billion in March. However, non-fungible token (NFT) trading picked up with more transactions despite the lower average sale price. Investment firms showed growing interest in Bitcoin and Ethereum.
Ashish Sukhadeve, CEO of Analytics Insight, said the crypto market is known for big ups and downs. "It's more risky than regular markets, but it can also bring big rewards," he said. "Our report helps people learn from past trends and plan better."
The report also talks about European Union's introduction of new regulations for digital assets in March, and in the U.S., leaders discussed using cryptocurrencies more in national financial systems.
There was also talk about a U.S. Bitcoin Reserve and digital currency projects in Asia and Europe, which made many hopeful about the future of cryptocurrency.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Straits Times
6 hours ago
- Straits Times
Weigh in on Sydney Sweeney or run the world? Trump, for better or worse, attempts it all
FILE PHOTO: U.S. President Donald Trump waves to reporters as he walks on the roof of the White House in Washington, D.C., U.S., August 5, 2025. REUTERS/Jonathan Ernst/File Photo From firing people to promoting jeans, calling for peace deals or the renaming of a sports team, President Donald Trump keeps a lot on his proverbial to-do list. Much of it is unrelated to running the country. More than six months into his second term as U.S. commander-in-chief, Trump, a former New York businessman and reality television host, has applied a hands-on management style and producer-like attitude toward governing, relying largely on his own instincts for decisions large and small. Using the tools of social media and a propensity for bullying, Trump personally wades into issues inside and outside the federal government to get his way. He harangues company executives to invest in America and uses trade deals as leverage over foreign leaders to end conflicts. Last week he fired the head of the Bureau of Labor Statistics over unproven allegations she falsified figures that he didn't like. This week he called for the head of Intel to step down over ties with China, and the company's stock fell. In recent months he has pressed the Washington Commanders football team to change its name back to the Redskins, forced universities to pay huge amounts to the federal government, boosted retailer American Eagle Outfitters' shares with a compliment about a controversial jeans commercial featuring actor Sydney Sweeney and attempted to shore up Republican power by pushing for political redistricting in Texas. Trump's style, which can confound both his friends and his foes, is dramatically different from his more traditional predecessors. It has earned him condemnation for being caustic and praise for being effective at getting what he wants. "While he delves into topics that are certainly distractions relative to the big business of leading the world's greatest nation, it can also be said that past presidents have excessively deferred to the bureaucracy and failed to deliver the change their voters expected," said Carlos Curbelo, a Republican former congressman from Florida. Top stories Swipe. Select. Stay informed. Singapore 4 men arrested after police search operation in forested area near Rail Corridor Singapore SAF regular serviceman dies after being found unconscious at Hendon Camp swimming pool: Mindef World Three wounded in shooting in New York's Times Square Singapore Driver taken to hospital after car hits lamp post in Orchard Road Singapore Urban farming, robots, AI exhibitions: Public invited to share ideas for new Science Centre Asia 2 Malaysian tourists critically injured after being set on fire in Bangkok World Trump and Putin to meet on Aug 15 in Alaska Life The crypto bros are back: 'The hubris never really left' "Trump views himself more as the CEO of the U.S.A. than as president," Curbelo added. "It's good for decision making and challenging for the constitutional order which made our country the world's greatest economic and military force." Trump has taken on academia, the legal world, media companies, athletics, the federal bureaucracy and more, all while retooling the world economy with tariffs, cracking down on immigration flows, upending relations with allies and putting his stamp on American culture. Though he has a team of advisers, the president frequently follows his own counsel, making policy decisions and then announcing them himself, ramifications aside. "I think what a lot of people miss about Trump is he's the marketer-in-chief," said Ford O'Connell, a Republican strategist with ties to the White House. "Not only is he his own best press secretary, he's also his own best chief-of-staff." A POTUS WHO 'CAN'T FOCUS' Critics question why Trump gets bogged down in issues that are secondary to his goals of strengthening the U.S. economy, for example, or achieving a peace deal between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy. "He's commenting one moment on ... Putin and tariffs and all that's happening in the world and the next moment he's talking about, oh, Sydney Sweeney, and all these other issues that are completely unrelated to being president of the United States," said Charlie Dent, a Republican former congressman from Pennsylvania. "He simply can't focus." The White House said Trump is using his skills to deliver on policy priorities. 'President Trump's leadership style can be summed up plainly as decisive and commanding," said White House spokesman Harrison Fields. Trump also employs a talent to distract when facing difficulty. Though that super power has largely eluded him with the controversy over sexual offender Jeffrey Epstein and the Department of Justice's refusal to release files related to the disgraced financier's case, Trump's broad ability to change the subject and dominate the news cycle has stupefied his opponents for years. "His leadership style is much closer to that of an executive producer, and the executive producer who has a really big picture understanding of the audience," said Republican strategist Kevin Madden, a senior adviser to former Massachusetts Governor Mitt Romney's 2008 and 2012 presidential campaigns. "I think he trusts his instincts about the audience over anybody else, and that's why you see him oftentimes, you know, managing his own policy portfolio." Trump, though not a stickler for detail on all things policy-related, does get into the weeds on things he cares about, both cultural and political, including redecorating the Oval Office with gold, paving over the Rose Garden and building a new ballroom on the White House grounds. On Tuesday, reporters bantered with the president while he walked on the roof of the White House press room, surveying the grounds for what he said were more ways to spend his money. The White House said Trump and other donors plan to pay for the $200 million ballroom project, which is slated to be finished before his second term concludes. "I think narcissists do get bogged down in details because they think that everything is a reflection of them," said Republican strategist Rina Shah. "When he decides to focus on the minutia, he's forgetting about the bigger picture. And that's kind of a disservice to the office." Where critics see such disservice, the White House sees results. On the eve of presiding over a U.S.-brokered peace framework between Azerbaijan and Armenia this week, Trump took to social media to tout his involvement: 'Many Leaders have tried to end the War, with no success, until now, thanks to 'TRUMP.'" REUTERS


CNA
10 hours ago
- CNA
US licenses Nvidia to export chips to China, official says
The commerce department has started issuing licenses to Nvidia to export its H20 chips to China, a US official told Reuters on Friday (Aug 8), removing a significant hurdle to the AI bellwether's access to a key market. The US last month reversed an April ban on the sale of the H20 chip to China. The company had tailored the microprocessor specially to the Chinese market to comply with the Biden-era AI chip export controls. The curbs will slice US$8 billion off sales from its July quarter, the chipmaker has warned. Nvidia CEO Jensen Huang met with Trump on Wednesday, two sources familiar with the matter told Reuters. A spokesperson for Nvidia declined comment. A White House spokesman did not immediately respond to a request for comment. The company said in July it was filing applications with the US government to resume sales to China of the H20 graphics processing unit, and had been assured it would get the licenses soon. It is unclear how many licenses may have been issued, which companies Nvidia is allowed to ship the H20s to, and the value of the shipments allowed. Nvidia disclosed in April that it expected a US$5.5 billion charge related to the restrictions. In May, Nvidia said the actual first-quarter charge due to the H20 restrictions was US$1 billion less than expected because it was able to reuse some materials. The Financial Times first reported Friday's developments. Nvidia said last month that its products have no "backdoors" that would allow remote access or control after China raised concerns over potential security risks in the H20 chip. BIG MARKET Exports of Nvidia's other advanced AI chips, barring the H20, to China are still restricted. Successive US administrations have curbed exports of advanced chips to China, looking to stymie Beijing's AI and defense development. While this has impacted US firms' ability to fully address booming demand from China, one of the world's largest semiconductor markets, it still remains an important revenue driver for American chipmakers. Huang has said the company's leadership position could slip without sales to China, where developers were being courted by Huawei Technologies with chips produced in China.


AsiaOne
13 hours ago
- AsiaOne
Trump announces peace agreement between Azerbaijan and Armenia, World News
WASHINGTON - Azerbaijan and Armenia signed a US-brokered peace agreement on Friday (Aug 8) during a meeting with US President Donald Trump that would boost bilateral economic ties after decades of conflict and move them toward a full normalisation of their relations. The deal between the South Caucasus rivals - assuming it holds - would be a significant accomplishment for the Trump administration that is sure to rattle Moscow, which sees the region as within its sphere of influence. "It's a long time - 35 years - they fought and now they're friends, and they're going to be friends for a long time," Trump said at a signing ceremony at the White House, where he was flanked by Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan. Armenia and Azerbaijan have been at odds since the late 1980s when Nagorno-Karabakh, a mountainous Azerbaijani region mostly populated by ethnic Armenians, broke away from Azerbaijan with support from Armenia. Azerbaijan took back full control of the region in 2023, prompting almost all of the territory's 100,000 ethnic Armenians to flee to Armenia. Trump said the two countries had committed to stop fighting, open up diplomatic relations and respect each other's territorial integrity. The agreement includes exclusive US development rights to a strategic transit corridor through the South Caucasus that the White House said would facilitate greater exports of energy and other resources. Trump said the United States signed separate deals with each country to expand co-operation on energy, trade and technology, including artificial intelligence. Details were not released. He said restrictions had also been lifted on defence co-operation between Azerbaijan and the United States, a development that could also worry Moscow. Both leaders praised Trump for helping to end the conflict and said they would nominate him for the Nobel Peace Prize. Trump has tried to present himself as a global peacemaker in the first months of his second term. The White House credits him with brokering a ceasefire between Cambodia and Thailand and sealing peace deals between Rwanda and the Democratic Republic of the Congo, and Pakistan and India. However, he has not managed to end Russia's 3-1/2-year-old war in Ukraine or Israel's conflict with Hamas in Gaza. Trump on Friday said he would meet Russian President Vladimir Putin in Alaska on Aug 15 to work on ending the war. Ending sanctions evasion blind spot US officials said the agreement was hammered out during repeated visits to the region and would provide a basis for working toward a full normalisation between the countries. The peace deal could transform the South Caucasus, an energy-producing region neighbouring Russia, Europe, Turkey and Iran that is criss-crossed by oil and gas pipelines but riven by closed borders and longstanding ethnic conflicts. Brett Erickson, a sanctions expert and adviser to Loyola University's Chicago School of Law, said the agreement would help the West crack down on Russian efforts to evade sanctions. "The Caucasus has been a blind spot in sanctions policy," he said. "A formal peace creates a platform for the West to engage Armenia and Azerbaijan ... to shut down the evasion pipelines." Tina Dolbaia, an associate fellow at the Center for Strategic and International Studies, said Friday's signing was a big symbolic move, but many questions remained, including which US companies might control the new transit corridor and how involved Armenia and Azerbaijan would be in its construction. [[nid:720408]] She said Russia would likely be irritated by being excluded from the agreement and the US role in the corridor. "Now the fact that ... Armenians are shaking hands with Azerbaijanis, and they are talking about US involvement in this corridor - this is huge for Russia," she said. Olesya Vartanyan, an independent regional expert, said the deal added greater predictability to the region, but its long-term prospects would depend on continued US engagement. "Armenia and Azerbaijan ... have a much longer track record of failed negotiations and violent escalations than of peaceful resolutions," she said. "Without proper and continued US involvement, the issue will likely get deadlocked again, increasing the chances of renewed tensions." Senior administration officials said the agreement marked the end to the first of several frozen conflicts on Russia's periphery since the end of the Cold War, sending a powerful signal to the entire region. Armenia plans to award the US exclusive special development rights for an extended period on the transit corridor, US officials told Reuters this week. The so-called Trump Route for International Peace and Prosperity has already drawn interest from nine companies, including three US firms, one official said on condition of anonymity. Daphne Panayotatos, with the Washington-based rights group Freedom Now, said it had urged the Trump administration to use the meeting with Aliyev to demand the release of some 375 political prisoners held in the country. Azerbaijan, an oil-producing country that hosted the United Nations climate summit last November, has rejected Western criticism of its human rights record, describing it as unacceptable interference.