What Happened in Crypto Today? Will Trump Tariffs Hurt Crypto?

What Happened in Crypto Today? Major Market Moves and Key Events

What Happened in Crypto Today? Major Updates on Crypto, Trade Wars, and Regulations

White House Crypto Summit 2025: A Big Moment for Crypto?

On March 7, President Donald Trump will host the Crypto Summit White House. Key personalities from the crypto world will be present during that event, including Coinbase's Brian Armstrong, Robinhood's Vlad Tenev, and Chainlink's Sergey Nazarov. They are anticipated to deliberate matters on crypto regulations, taxation, and a potential U.S. Crypto Reserve If Trump moves forward with tax cuts, it could make the U.S. a top destination for crypto investors. Many are wondering if this event will change the future of digital assets.

Trump Tariffs and Trade War Impact on Crypto

Trump has hit Canada, China, and Mexico with new tariffs, and all three countries have responded with their own. Canada and Mexico now face a 25% tariff, while China has imposed new taxes on U.S. agricultural products. The trade war news has already affected crypto, leading to a sharp market dip. Some experts think Bitcoin and Ethereum have already priced in these risks, while others are keeping an eye on how this trade battle will affect digital assets moving forward.

Bitcoin ETF Sees Huge Outflows, Ethereum Gains Strength

On March 4, Bitcoin spot ETFs saw a big net outflow of $143.43 million, pushing total net assets below $100 billion. On the other hand, Ethereum spot ETFs had their first positive day in over a week, bringing in $14.57 million. This shift suggests investors may be adjusting their portfolios, favoring Ethereum over Bitcoin. With the market still in a shaky spot, people are watching closely to see what happens next.

Ripple vs. SEC: The Case That Won’t End

The Ripple case is still ongoing, despite the SEC dropping its lawsuits against Coinbase, Gemini, and Kraken. Brad Garlinghouse, the CEO of Ripple, has publicly backed Trump's government and even contributed $5 million in XRP to the president's inauguration fund. Despite this, the case hasn’t been resolved. Some believe Ripple is pushing for a better settlement, while others think SEC officials are still divided on how to handle it.

Crypto Market Surges While Trading Volume Declines

The crypto market saw a strong surge today, with the total market cap reaching $2.95 trillion, marking a 6.49% jump in the last 24 hours. However, trading volume took a hit, dropping by 16.07% to $148.86 billion. Decentralized finance (DeFi) activity accounted for $9.04 billion, making up 6.07% of the total market volume. Meanwhile, stablecoins dominated trading, with $138.22 billion in transactions, representing a massive 92.85% share of the total market activity.

Crypto Market Update: Fear Still Lingers Despite Gains

Even though the market rose by 6.37% today, investors are still on edge. The Crypto Fear & Greed Index is sitting at 20, showing that investors are still nervous. Even though the market rose by 6.37% today, investors are still on edge. The Crypto Fear & Greed Index stands at 20, signaling extreme fear. 

Be it the White House Crypto Summit or the ongoing trade war, investors have been playing it safe. Does an uptrend lie around the corner, or do we see another round of turbulence?