The Bitcoin price swung between $82,681 and $94,770 last week and is now at $86,135 as investors weigh mixed signals. The total crypto market’s value hit a record $3.73 trillion in December 2024 but has since pulled back 21% to $2.91 trillion.
Analyst Mark Quant suggests a rebound could arrive by mid-2025, linking crypto’s recovery to rising Global Liquidity Index (GLI) trends. His model projects the total market cap could surge past $4 trillion by Q2 2025. Meanwhile, bullish forecasts for Bitcoin dominate 2025 predictions, with experts eyeing a year-end range of $150,000–$200,000.
What are the top crypto news stories you have missed since last week? Let’s dive into last week’s key developments you might have missed.
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TOP CRYPTO NEWS RECAP (March 02–08, 2024 2025)
- El Salvador Defies IMF, Continues Bitcoin Purchases
- Pro-Crypto Policies Drive Coinbase's 2025 Hiring Surge Amid Market Volatility
- Trump Establishes Strategic Bitcoin Reserve in Landmark Executive Order
- Ripple Co-Founder’s $150M XRP Theft Tied to LastPass Hack
- Bitwise Invests in Maple Finance’s Onchain Credit Strategies
- US Crypto Tax Debate Intensifies as Trump Administration Considers Overhaul
El Salvador Defies IMF, Continues Bitcoin Purchases
President Nayib Bukele confirmed on March 4 that El Salvador will continue buying Bitcoin daily despite the IMF's request to stop. The IMF’s March 3 memorandum, tied to a $1.4 billion funding deal, urged the country to halt Bitcoin accumulation, mining, and Bitcoin-linked debt issuance.
Bukele dismissed the request, reinforcing El Salvador’s commitment to Bitcoin. The country holds 6,101 BTC, worth $534.5 million, making it the sixth-largest state holder. While Bitcoin remains legal tender, a January law made its acceptance voluntary for businesses, signaling a shift in policy while maintaining overall support.
Pro-Crypto Policies Drive Coinbase's 2025 Hiring Surge Amid Market Volatility
Coinbase CEO Brian Armstrong announced plans to add 1,000 U.S. jobs in 2025, attributing the expansion to former President Donald Trump’s pro-crypto policies following the White House Crypto Summit. The hiring spree—a 27% workforce increase—comes despite Coinbase’s stock [COIN] dropping 22.4% over the past month, closing at $217.45 on March 7.
Armstrong cited Trump’s regulatory support as pivotal for industry growth, contrasting with 2023’s 950 layoffs during the crypto winter. While broader markets declined due to Trump’s proposed tariffs, Armstrong framed the summit as historic, claiming crypto is “breathing life” under renewed political backing.
Trump Establishes Strategic Bitcoin Reserve in Landmark Executive Order
President Donald Trump has signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile to strengthen the U.S. position in cryptocurrency. The Bitcoin reserve will be funded using Bitcoin seized through criminal and civil asset forfeitures and will serve as a long-term store of value.
The Digital Asset Stockpile, overseen by the Treasury, will hold other cryptocurrencies like Ethereum and Solana. The order also mandates a full audit of the government's crypto holdings. This move signals a major policy shift toward embracing digital assets at a national level.
Ripple Co-Founder’s $150M XRP Theft Tied to LastPass Hack
In January 2024, Ripple co-founder Chris Larsen lost 283 million XRP (worth $683 million in March 2025) due to a security breach linked to LastPass. Investigations revealed that Larsen had stored his private keys in the password manager, which was hacked in 2022.
Cybercriminals exploited the breach to access his funds, laundering them through multiple exchanges. The case highlights the risks of storing sensitive crypto data online. Experts recommend offline storage methods, such as writing down seed phrases or using secure hardware wallets, to prevent such thefts.
Bitwise Invests in Maple Finance’s Onchain Credit Strategies
Bitwise, a crypto asset manager with $12 billion in AUM, has invested in Maple Finance, a platform specializing in onchain credit for institutions. According to Dune, founded in 2021, Maple Finance has a total value locked (TVL) exceeding $700 million across its strategies.
Bitwise, known for its crypto ETFs like the Bitwise Bitcoin ETF (BITB) and Bitwise Ethereum ETF (ETHW), aims to expand its presence in blockchain-based credit markets through this investment. The move highlights growing institutional interest in decentralized finance (DeFi) lending solutions.
US Crypto Tax Debate Intensifies as Trump Administration Considers Overhaul
White House crypto advisor David Sacks strongly opposes a proposed 0.01% transaction tax on cryptocurrencies, warning that "modest" taxes historically expand to burden broader populations. The tax—criticized for applying even to transfers between personal wallets—faces backlash from investors.
Meanwhile, the Trump administration advances sweeping reforms, including replacing federal income taxes with tariffs, a move projected to save taxpayers over $134,809 individually. Commerce Secretary Howard Lutnick endorsed replacing the IRS with an "External Revenue Service," echoing Trump’s claim that 19th-century tariff-funded governance spurred prosperity.
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