Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/17417473128.png)
## Crypto Daily Digest: Multiple Crypto Spot ETF Approvals Delayed, Sonic TVL Exceeded $1 Billion
On March 12, according to Farside Investors data, the U.S. <a href="/ja/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> spot ETF had a net outflow of $367.44 million yesterday, of which BlackRock IBIT had a net outflow of $147.74 million, Invesco BTCO had a net outflow of $33.7 million, and Grayscale GBTC had a net outflow of $35.5 million.

Yesterday, the U.S. <a href="/ja/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETF had a net outflow of $21.36 million, of which BlackRock ETHA had a net outflow of $11.56 million and Fidelity FETH had a net outflow of $9.8 million.

**Sonic TVL exceeded $1 billion**

As of March 12, according to DefiLlama data, Sonic's total value locked (TVL) has exceeded $1 billion, reaching $1.086 billion. This data has been incorporated into the rewards/liquidity of lent assets and staked assets in the lending agreement.

Extended Reading: <a href="https://www.gate.io/blog/6211/Shadow-and-Sonic--A-Mutual-Success" target="_blank" title="Shadow and Sonic: A Mutual Success">Shadow and Sonic: A Mutual Success</a>

**Opinion: Fed's delay in cutting rates until 2025 could trigger a bear market**

Timothy Peterson, an online economist, warned that if the Federal Reserve delays rate cuts in 2025, it could lead to a broader market downturn and could drag Bitcoin back to $70,000. According to his analysis model, Bitcoin could bottom out at $57,000 in the next bear market, but he said that this is unlikely because too many investors are "watching Bitcoin like vultures."

Extended Reading: <a href="https://www.gate.io/blog/6427/Is-the-Crypto-Market-in-a-Bear-Phase---Market-Analysis-and-Investment-Strategies" target="_blank" title="Is the Crypto Market in a Bear Phase? Market Analysis & Investment Strategies">Is the Crypto Market in a Bear Phase? Market Analysis & Investment Strategies</a>

**The number of Monad testnet addresses exceeded 8.4 million**

On March 12, according to on-chain data, the number of daily transactions on the Monad testnet exceeded 22.62 million, and the total number of transactions exceeded 270 million. In the past 7 days, 2,907,775 new addresses have been added, and the total number of testnet addresses is 8.4 million.

Extended Reading: <a href="https://www.gate.io/blog/6259/Monad-Testnet-Breaks-100-Million-Transactions--The-Rise-of-a-High-Performance-Monad-Crypto-Blockchain" target="_blank" title="Monad Testnet Breaks 100 Million Transactions: The Rise of a High\-Performance Monad Crypto Blockchain">Monad Testnet Breaks 100 Million Transactions: The Rise of a High\-Performance Monad Crypto Blockchain</a>

**SEC delayed approval of multiple crypto spot ETFs**

On March 12, the U.S. Securities and Exchange Commission (SEC) postponed several crypto spot ETF applications this morning, including Grayscale <a href="/ja/price/cardano-ada" target="_blank" class="blog_inner_link">Cardano</a> (ADA) and DOGE spot ETFs, Canary's <a href="/ja/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>, <a href="/ja/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a>, <a href="/ja/price/litecoin-ltc" target="_blank" class="blog_inner_link">Litecoin</a> spot ETFs, and VanEck Solana spot ETF.

## Market Trends: Bitcoin rebounded by more than 8%, ETH/BTC hit a new low in nearly 4 years
### Market Hotspots
The total market cap of cryptocurrencies rebounded slightly to $2.77 trillion, up 2.5% in 24 hours. Some altcoins rebounded first, among which BANANA is now trading at $16.59, up 57.66% in 24 hours, and AUCTION is now trading at $26.12, up 40.34% in 24 hours.

In the past 24 hours, a total of 105,504 people worldwide had their positions liquidated, with a total liquidation amount of $386 million, including both long and short positions, of which the total liquidation amount of short positions was $257 million.

### Mainstream Coins
After falling below $80,000, Bitcoin rebounded weakly. As of press time, it was quoted at $83,209, up more than 8% from the low of $76,606. In this round of decline, Bitcoin was relatively resilient, causing its market capitalization share to rise from 56% at the beginning of the year to 61%.

Ethereum rebounded along with the market and is currently priced at $1,920, up more than 9.4% from its low of $1,754. Ethereum was greatly affected by market deleveraging in this round of decline. The current ETH/BTC exchange rate is 0.023, a new low in nearly four years.

Altcoins generally rebounded, emerging from a weak recovery trend. XRP tokens in the large-cap sector led the gains, up 10% in 24 hours and currently priced at $2.2233. TRX is currently priced at $0.2252, down 1.27% in 24 hours, and is the only token in the large-cap sector that has not risen.

## Macro news: Tariff policies fluctuate, and international gold prices remain stable
The broader S&P 500 briefly rose in early trading after Tuesday's sharp sell-off before Trump announced new tariffs in response to Ontario Premier Ford's move to impose a 25 percent surcharge on electricity shipped to the U.S. The three major U.S. stock indexes turned negative, the Canadian dollar plunged, and U.S. steel and aluminum stocks rose. As of the close, the S&P 500 index closed down 0.76%, the Dow Jones Industrial Average closed down 1.14%, and the Nasdaq closed down 0.18%.

Gold prices held steady amid tariff uncertainty and economic concerns, holding near $2,915 an ounce as investors reacted to President Trump's repeated changes in tariffs on Canadian steel and aluminum products. Despite Trump downplaying recession fears and a weaker dollar, markets remain wary of potential stagflation risks due to weak U.S. economic reports.



<div class="blog-details-info">
<div>Author:**Rooick Z.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>


简体中文

English

Tiếng Việt

Español

Русский язык

Français

ภาษาไทย

Indonesia

Deutsch

عربي

Português (Portugal]

Português (Brasil]

繁體中文

Українська

福利中心

web3 Airdrop

launchpool

小红花-Exchange-Startup

交易-盘前交易

launchpad

candy_drop

打新

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构借贷

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

vip服务

机构

策略跟单

现货跟单

交易-合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

交易-机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币理财

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多（理财产品）

芝麻金融-理财（打新）

赚币-HODLer Airdrop

赚币

模拟交易

衍生品-期权

衍生品-交割合约

衍生品-永续合约

合约入门

合约活动

衍生品

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易-创新交易

交易-交易工具

交易-交易类型

交易

行情

买币-gateCard

卖币

买币-快捷交易

买币

买币-paywith

法币定投

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

gate商店

小红花-Promotions-邀请计划

小红花-promotions-代理商

cextg小程序

储备金

合作伙伴

小红花

web3

Daily News | Sonic TVL Exceeded $1 Billion, ETH/BTC Exchange Rate Hit A New Low in Nearly 4 Years