The cryptocurrency market posted a modest rebound on March 11, with Bitcoin reclaiming the $70,000 level. However, sentiment remains deeply cautious as the Fear & Greed Index held at 15, slightly up from 13 the prior day but still in “Extreme Fear” territory. Total market capitalization rose to $2.46 trillion, with 24-hour trading volume at $125 billion, up from $115B.
BTC at $70K, Altcoins Follow in Green
Bitcoin was trading at $70,065.85, up 1.58% in the last 24 hours, with a daily volume of $53.6 billion. Dominance stands at 56.9%. Ethereum rose 1.2% to $2,036.14, volume at $22.8B. XRP gained 1.36% to $1.38, Dogecoin up 2.98% to $0.09365, and Solana up 0.81% to $86.03.
BSV Jumps 26%, KAIA and PI Surge Over 8%
Bitcoin SV (BSV) was the top performer, soaring 25.96% to $16.50 on $54.5M volume. Kaia (KAIA) rose 10% to $0.05584, and Pi Network (PI) climbed 8.10% to $0.2317. On the downside, DeXe dropped 8.43%, Filecoin fell 8.26%, and Midnight slipped 6.56%.
U.S. Congress May Ban Retail CBDC by Fed
Republican-led legislation could permanently prohibit the Federal Reserve from issuing a retail central bank digital currency (CBDC), citing privacy and banking protections. The move would reshape the digital dollar landscape.
Netflix Bans Bitcoin Ads in Boxing Broadcast
Netflix blocked Bitcoin sponsorship logos on fighters’ shorts during the Jake Paul vs. Anthony Joshua event, adopting a cautious advertising policy toward crypto brands.
Ranger Finance Liquidates, Returns $5.04M USDC
On-chain governance allowed Ranger Finance token holders to vote on liquidating the project after just two months, following team misrepresentations. RNGR holders will receive $5.04 million USDC.
StableX and BitGo Build $100M Digital Asset Reserve
Nasdaq-listed StableX partnered with BitGo to establish a $100 million digital asset reserve, custodied by BitGo Bank with OTC trading support, focusing on stablecoin ecosystem tokens.
XRP Spot ETF Inflows Near $1.4B Since Launch
Despite XRP price weakness, its spot ETF has attracted approximately $1.4 billion in net inflows since inception. Institutional investors hold shares, but retail demand dominates.
Binance Alpha Lists BSC Meme Coins; Lobster Soars 135%
Binance Alpha added BSC-based meme coins Lobster and Freedom of Money. Lobster surged 135% to $0.020, while Freedom of Money gained 99%, drawing attention from the crypto community.