The cryptocurrency market extended its downtrend on March 28. Total capitalization fell 3.1% to $2.37 trillion with $107 billion in 24-hour trading volume. The Fear & Greed Index dropped to 12 (vs 13 yesterday, 12 last week, 11 last month), remaining in the "extreme fear" zone, indicating persistent sell-off pressure and macro uncertainty.
BTC and ETH Decline, Bitcoin Dominance Rises to 56.1%
Bitcoin (BTC) traded at $66,245.92, down 3.85% over 24 hours, with a trading volume of $46 billion and market cap of $1.32 trillion. Ethereum (ETH) stood at $1,988.78, down 3.98%, volume $19.1 billion, market cap $240 billion. Bitcoin's dominance climbed to 56.1%, while Ethereum held 10.1%.
Biggest Losers: SIREN Drops 39.8%, DeXe Bucks the Trend
Top losers: SIREN at $0.998, down 39.83%; KITE at $0.1769, down 16.43%; Worldcoin (WLD) at $0.2448, down 16.29%.
Top gainers: DeXe (DEXE) at $7.45, up 3.02%; Bitcoin Cash (BCH) at $474.57, up 2.27%; Tether Gold (XAUt) at $4,486.90, up 1.77%.
Stablecoins market cap reached $309.54 billion with $90 billion in volume, down 0.2%. DeFi market cap fell 3.3% to $49.4 billion, accounting for 2.1% of the global market.
SudoSwap Soars 225% on Treasury Allocation Proposal
Sudoswap (SUDO) surged 225% intraday after a proposal to allocate $800,000 from the treasury was announced, triggering arbitrage activity ahead of the March 28 vote.
India Arrests Suspect in Cross-Border Crypto Fraud
India's Central Bureau of Investigation arrested Sunil Ramakrishnan, accused of luring Indians abroad with fake job offers and forcing them into crypto scams.
Institutional Moves: Morgan Stanley Plans 0.14% Fee Bitcoin ETF
Morgan Stanley plans to launch a Bitcoin ETF with a 0.14% fee, lower than BlackRock's, targeting large adviser-driven inflows. Separately, James Seyffart noted that Bitcoin ETFs have reclaimed $3 billion of the $9 billion outflow, though investors remain underwater as BTC trades below cost.
Genius Terminal Token Release, CZ as Advisor
Genius Terminal will distribute 21% of tokens over three seasons, 7% per season, with Changpeng Zhao as advisor.
Lido DAO to Use 10,000 stETH to Buy LDO at Discount
Lido DAO proposes to use its 10,000 stETH holdings to purchase LDO tokens at a 60%-70% discount, aiming to build a stronger treasury through strategic accumulation.
Donald Trump praised Bitcoin at the Future Investment Initiative summit, noting that its usage is growing and more people are open to accepting crypto payments.