BTC dip could end by March 20 as key levels hold

Market overview

• The US stock market experienced a sharp decline, with the Nasdaq closing down 4%. On the same day, Donald Trump gave a media interview, refusing to rule out the possibility of a US economic recession as a result. Goldman Sachs downgraded its 2025 US GDP growth forecast from 2.4% to 1.7%, marking its first downward revision of US economic expectations in two and a half years. BTC followed the stock market downturn, hitting a new local low near $76,500.
• From a technical perspective, the $71,000-$73,000 range is a previous accumulation zone and also the liquidation range for most users. If BTC stabilizes in this range, it could mark a potential bottom for the current correction. Based on Elliott Wave Theory, this downturn is expected to end by March 20, so patience is needed while waiting for the correction to complete.
• BTC's market dominance has risen to 61.89%, while TOTAL3 market capitalization has dropped to $741.5 billion. Altcoins are experiencing widespread declines, and the market has entered a freezing point.

Key events

• Liquid staking solution Lido has announced that wstETH is now available on the Ethereum L2 blockchain Lisk. 
• Movement Network Foundation has launched the public mainnet Beta version and announced that REX-Osprey, a collaboration between REX Shares and Osprey Funds specializing in innovative exchange-traded products (ETPs), has filed an N-1A form with the US SEC to launch a MOVE (Movement) ETF.
• Crypto exchange Gemini has teased on X that they will have major news to release this week, revealing "Something BIG is coming this week."
• Crypto and stablecoin infrastructure platform Zero Hash has integrated PayPal USD (PYUSD), a regulated stablecoin issued by Paxos Trust Company on behalf of PayPal, expanding its stablecoin offerings.
• BNB Chain has launched the second round of its $4.4 million permanent liquidity plan, expanding beyond the first round, which focused on meme tokens, to include all outstanding native project tokens on BSC (BNB Smart Chain), aiming to strengthen the long-term development of the BNB Chain ecosystem.
• Strategy, formerly MicroStrategy, has filed a prospectus to issue 8.00% Series A perpetual execution preferred shares worth up to $21 billion, aiming to raise funds for general purposes, including potential Bitcoin acquisitions.
• Layer 2 ecosystem project Bitlayer has formed a strategic partnership with cross-chain liquidity infrastructure StakeStone to enhance BTC liquidity distribution.

Hot projects

Token		Description	Market Cap（$)
	SVM BTC ecosystem	StratoVM is a BTC layer2 ecosystem project designed to enhance DeFi usability on the BTC network by improving interoperability, speed, and user experience. The ecosystem currently offers a $1 million SVM token reward for developers.	26.71 million
	ELX Strong token performance	Elixir is a modular decentralized liquidity network that leverages the Delegated Proof-of-Stake (DPoS) consensus mechanism to provide deep liquidity, tighter bid-ask spreads, and higher trading volumes for decentralized order book exchanges (DEXs). Today, Bithumb announced the listing of ELX, driving a significant surge in the token's price.	112 million
	DRB grok-themed meme	DebtReliefBot is a meme project built on the Base ecosystem, created by Grok. It has gained significant attention and maintains high trading activity, with 7,360 wallet addresses currently holding the token.	23 million
	NAVI Sui ecosystem project	NAVI is a leading DeFi protocol on Sui, with a total value locked (TVL) of $362 million and $100 million in loans issued. Currently, SUI-based deposits offer a yield of 4.7%-6.2%, while USDC provides an APR of 4.28%.	26 million

BTC ecosystem overview

• BTC Mainnet & Fractal Bitcoin Gas Fees remain at 2 sat/byte (low activity) ⚡.
• Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

1. ORDI: $8.39 (+3.54%)
2. DOG: $0.0015 (-14.97%)
3. FB: $0.92 (+18.33%)

Exchange updates

• Coinbase has listed Cookie DAO (COOKIE) and announced plans to offer 24/7 trading for Bitcoin and Ether futures to US residents.
• Cryptocurrency exchange Kraken has announced that it has obtained the Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA), enabling it to issue electronic money and offer customers faster deposit and withdrawal services.
• Bybit Launchpool will list OIK (space nation) with a staking reward pool of 9 million OIK on March 12.
• Bitget has listed AUDIO/USDT perpetual contracts with leverage of up to 25x, added Bubblemaps (BMT) to the Innovation and Web3 Zone, and natively integrated the L1 blockchain Berachain into Bitget Wallet.

Industry landscape

• Venture-backed company Offchain Labs announced that the company has launched a strategic purchase plan and will increase its holdings of ARB in the open market and other trading methods to strengthen its long-term commitment to the Arbitrum ecosystem. 
• According to Decrypt, Donald Trump may sign a cryptocurrency-related executive order this week to lift banking restrictions on crypto enterprises.
• AI digital human creation platform AvatarOS has completed a $7 million seed funding round, led by M13.
• The SEC of Thailand has added USD Coin (USDC) and Tether (USDT) to the cryptocurrencies list, effective March 16.
• According to the Jinshi Market News, Japan's cryptocurrency reform bill will be submitted to Congress after approval by the cabinet.
• According to Wen Wei Po, Hong Kong Legislative Council member Wu Jiezhuang has suggested that Hong Kong's licensed virtual asset trading platforms should establish a unified blockchain-based trading and settlement platform, and promote the tokenization of physical assets to enable 24/7 uninterrupted trading. 
• According to Bitcoin.com News, the Cayman Islands has updated its cryptocurrency regulatory framework, with new regulations set to take effect on April 1.
• According to Cointelegraph, Christine Lagarde, President of the European Central Bank (ECB), has confirmed the bank's target to finalize preparations for the digital euro by October 2025. 

Emerging projects

Token	HODL	TTAI	WOOLLY
Description	A dividend-paying token on Solana where simply holding HODL allows you to receive SOL rewards, with earnings coming from transaction taxes.	An AI Agent Launchpad on BNB Chain that focuses on enabling interactions between multiple AI agents.	A memecoin on Solana based on the concept of a US-based door manufacturing company that researches endangered species and recently succeeded in reviving a rat.
Price	$0.002433	$0.004048	$0.001842
Market Cap（$）	2.43 million	3.4 million	1.84 million
Token Holders	1,916	2,846	2,680

Token	rick	FAT	ANTY
Description	A memecoin on Solana issued by dev.fun, with its narrative based on a post by Clay, the co-founder of the Solana ecosystem fund Colosseum mentioning the token.	A memecoin on Solana based on the concept of a fat Black man.	A memecoin on Solana named ANTY, which stands for The Anti Shifty, aims to combat lies and deceitful behavior in the blockchain space.
Price	$0.001505	$0.001084	0.001767
Market Cap（$）	150 万	100 万	176 万
Token Holders	1,596	2,951	10,438

Other opportunities

On-chain DeFi mining yield products:

Project Name	Pendle（Blockchain：Ethereum） ←→ Token：sUSDe
Project Description	sUSDe Pool: No exit time restrictions, and withdrawals are made at market price. The pool consists of sUSDe and PT sUSDe, where PT sUSDe is redeemable as sUSDe upon maturity. sUSDe: A yield-bearing synthetic dollar created by the Ethena protocol, combining the yields from staked ETH with funding and basis spreads from perpetual and futures markets.
Participation Method	Using the Zap-in feature on the Pendle platform, you can inject or deposit with sUSDe (Mar 2025), and withdrawals are not affected.
Project Information	Pendle: A yield protocol built on the Ethereum blockchain that allows users to earn returns by locking up assets.
Earnings Details	Currency: sUSDe Annual interest rate: 11.2% (Continuously fluctuating, with the base yield and PT yield scaled proportionally according to the base assets and PT in the pool) Algorithm: Base Yield (Interest) USDe 5.774% + PT Yield (Fixed Annual Rate) USDe 1.582% + Pendle LP Yield 3.908% [LP sUSDe 0.376% + Pendle (Platform Incentives) 3.573%] + 30x Sats (Points) Note: Sats are Ethena’s points, which are linked to the airdrop allocation of ENA, its governance token. Liquidity yield range: 10.64% - 27.73%
Product Data	Token: sUSDe Deposit cap: 1B Product participation deadline: May 29, 2025 Total token deposits: $75.27M (sUSDe $65.33M + PT sUSDe $9.94M) Liquidity: $75.27M

Risk: In extreme cases, there is a potential risk of USDe depegging. Investors should proceed with caution and conduct their research.

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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