Weekly Web3 Research | The Market Entered A Volatile Downward Channel, EOS's Increase Ranked First Among Mainstream Coins

Weekly Trend Overview

The crypto market was greatly affected by external factors this week. Trump’s tariff policy came into effect, capital risk aversion intensified, and the U.S. stock market put great pressure on the crypto market, causing the overall market to show a continuous downward trend since last weekend. There was also a lack of signs of recovery after the opening, and the overall downward trend was very obvious.

This week, mainstream coins in the market showed a general decline. Due to the decline of US stocks, listed companies in the crypto sector were seriously affected, and the two trends were quite similar. In addition, the impact of the US government’s adjustment of tariffs and crypto-related policies has caused a certain blow to the market. The crypto market still has a large downward trend in the short term.

The market has experienced a continuous downward trend since the opening this week, and some mainstream coins have fallen by 30% in a week. However, after entering the mid-week period, some mainstream coins have had a slight recovery trend, mainly due to the impact of news, but this trend has not continued. As the market is approaching the closing period of the week, the overall market is still showing a short-term downward trend, and there is a possibility of further decline in the future.

The price of BTC has fallen this week and has now reached the key price support level of around $81,500. If it falls below the current price range, there is a high probability of a compensatory decline. There is a certain probability that it will fall below $80,000.

ETH’s weekly price trend is similar to that of BTC, and it is currently showing a short-term downward trend. The weekly high price is around $1,941. It has now entered the weekly low price range, reaching around $1,760. The overall price drop is larger than that of BTC.

The price trend of key mainstream coins this week is mainly downward. The overall market cap of the current crypto market has dropped significantly, reaching about $2.6 trillion, a drop of about 5.3% in 24 hours. The current price of BTC is around $81,700. The current price of ETH remains around $1,760.

This week, the overall crypto market was in a volatile downward channel, with most mainstream coins showing a downward trend. A few prices rose but the increase was relatively small. EOS was the top coin with the largest increase, reaching about 43% in a week. This was mainly because, as a blockchain utility coin, it recently promoted brand reshaping and staking incentives, causing the coin price to soar in the short term.

The crypto market will continue to fluctuate this weekend, and short-term fluctuations will be the mainstream market. The rise and fall of major coins will depend on whether the leading coins show a compensatory decline.

Crypto Market

🔥According to Samaa, Exness financial market strategist Inky Cho said that the recent decline in the crypto market may be related to the panic selling caused by Mt.Gox’s debt repayment and transfer of BTC. At the same time, Trump’s remarks about the impending economic recession have shocked the stock and crypto markets.

🔥According to News.bitcoin, in the 89 days since entering 2025, the total value of the crypto field has shrunk by more than $600 billion, from about $32,700 to around $2.6 trillion.

🔥According to Cointelegraph, the trading volume of the top ten stablecoins has dropped to a quarter of the level of the bull market cycle in December last year. Analysts believe trader fatigue, regulatory uncertainty, and Bitcoin supply hitting a seven-year low are key factors.

🔥Peter Schiff, an economist who is unfriendly to cryptocurrencies, posted on the X platform that the price of gold has once again hit a record high of more than $3,080 an ounce, while millions of young Americans have let this “high-speed train” pass them by and turned their attention to Bitcoin.

🔥Greeks.live analyst Adam said that group members are generally cautious to bearish. Traders focus on selling put options at $81,000 as a potential bottom. Currently, Bitcoin has a negative funding rate, and the volatility indicator DVOL has soared, reflecting increased market uncertainty.

🔥According to Cryptoslate, according to a recent report by research firm Decentralised, amid a surge in the number of tokens, new capital inflows have stagnated, leaving many crypto projects underfunded.

🔥Crypto analyst Ali Martinez published a chart analysis on the X platform, saying that the BTC seller ratio has dropped to 0.086%. In the past two years, a seller ratio below 0.1% has usually heralded a sharp rebound in prices.

🔥According to South Korean media SBS, as of the end of February this year, the total number of users of South Korea’s virtual asset exchanges has exceeded 16 million, reaching 16.29 million, accounting for about 32% of the country’s total population (about 51.68 million).

🔥According to TheBlock, after the US election on November 5, the daily trading volume of cryptocurrencies soared to $126 billion amid high market enthusiasm and active speculation. It has now dropped to $35 billion, down about 70% from its peak, returning to pre-election levels. Recent tariff announcements against major US trading partners have brought uncertainty, weakening trading enthusiasm in both traditional and crypto markets.

🔥According to Cointelegraph, David Pakman, managing partner of CoinFund, said that the global stablecoin supply could surge from the current size of approximately $225 billion to $1 trillion, which could become a key catalyst for the growth of the crypto market.

🔥According to Benzinga, Matt Mena, a crypto research strategist at 21Shares, said that while U.S. stocks have fluctuated amid macro uncertainty, BTC has shown resilience and is defending the $84,000-85,000 support area. Nic Puckrin, founder of The Coin Bureau, pointed out that the PCE data released on Friday could cause the Federal Reserve to postpone its recent rate cut plans. Bitcoin is not expected to return to its historical highs until the Fed cuts rates again.

🔥According to CoinDesk, Architect Partners partner Elliot Chun wrote in a market observation report: “Combining various strategic layouts, it is predicted that by 2030, 25% of the companies in the S&P 500 index will include Bitcoin as a long-term asset on their balance sheets.”

🔥According to Decrypt, on March 30, at a town hall meeting hosted by Musk’s America PAC in Green Bay, Wisconsin, Musk distanced the Department of Federal Efficiency (D.O.G.E.) from the Dogecoin cryptocurrency.

🔥According to Beincrypto, BlackRock CEO Larry Fink claimed in a recent letter that Bitcoin and cryptocurrencies could undermine the international status of the U.S. dollar. If investors view Bitcoin as a hedge against U.S. dollar inflation, this could cause serious problems.

🔥According to 10x Research, Bitcoin’s rally over the past three weeks was frustrated by higher-than-expected core PCE data, which showed rising inflation, partly driven by Trump’s tariff policy, which weakened consumer confidence.

🔥 According to The Block, Miller Whitehouse-Levine, a long-time crypto supporter, is launching his next venture in Washington, D.C. - the Solana Policy Institute to educate lawmakers and regulators to think “beyond Bitcoin.” The nonpartisan nonprofit organization officially debuted on Monday, as digital assets are gaining attention from lawmakers and related legislation is advancing rapidly (covering everything from stablecoins to market structure).

🔥When World Liberty Financial raised more than $500 million, industry experts pointed out that the family of former US President Donald Trump took control of the crypto business and grabbed most of the money, thanks to governance terms that favored insiders, according to Reuters.

🔥Forbes released the 39th Global Billionaires List. The number of billionaires in the world exceeded 3,000 for the first time, reaching 3,028, with a total wealth of $16.1 trillion, an increase of $2 trillion over last year. The list shows that 15 billionaires have a net worth of more than $100 billion, among which Elon Musk regained the title of the world’s richest man with $342 billion, followed by Mark Zuckerberg ($216 billion) and Jeff Bezos ($215 billion). In addition, a total of 16 billionaires in the crypto field made the list, with a total wealth of more than $164 billion and an average net worth of $6.8 billion.

🔥According to ElonsX monitoring information, Musk has just added F2Pool co-founder Wang Chun’s account on the X platform. Earlier news, F2Pool co-founder Wang Chun will lead a four-day SpaceX orbital flight.

🔥According to the announcement of the Hong Kong Stock Exchange, Zhongzefeng, a Hong Kong-listed company, released its 2024 annual performance announcement, which disclosed that its subsidiary Atlantic Asset Management Co., Ltd. has been approved by the Hong Kong Securities and Futures Commission to allow Zhongzefeng’s managed funds to invest no more than 10% of their managed assets (AUM) in virtual assets. In addition, the announcement also disclosed that in the coming year, Zhongzefeng’s funds will focus on global stocks, futures, and options, covering areas including indexes, cryptocurrencies, etc.

🔥Japanese listed company Metaplanet announced that it would spend 1.998 billion yen (about $13.34 million) to increase its holdings of 160 bitcoins, bringing its total Bitcoin holdings to 4,206 BTC.

Elon Musk’s X-platform urges the U.S. Supreme Court to protect companies from subpoenas issued by federal law enforcement agencies “without reasonable suspicion” to avoid being forced to disclose sensitive user financial data, Bloomberg reported.

🔥According to DL News, global asset management giant BlackRock has obtained approval from the UK Financial Conduct Authority (FCA) and officially became a registered crypto asset company.

🔥VANECK has registered the VANECK BNB ETF in Delaware, which indicates that the company may launch a BNB-based investment product in the United States.

🔥According to Decrypt, JPMorgan said in a report on Tuesday that Bitcoin miners continue to face challenges, and the 14 listed mining companies in the field collectively experienced the worst month on record in March.

🔥According to CoinDesk, Grayscale research director Zach Pandl said that the impact of tariffs on cryptocurrencies may have been “priced in” and the worst may be over.

🔥Layer1 blockchain Shardeum officially announced that its world’s first EVM-based automatic expansion blockchain mainnet will be officially launched on April 15, 2025. Earlier news, Shardeum launched an airdrop event before the launch of the mainnet, and airdrop registration is now online.

🔥According to Cointelegraph, the main source of income for the Ethereum network from the Layer 2 expansion chain - “Blob fees” - has fallen to its lowest weekly level this year.

🔥RootData data shows that the total financing amount of the crypto market in March 2025 was $2.883 billion, an increase of 153% from $1.139 billion in March 2024 and 198% from $967 million in February 2025. In addition, the number of financings in March 2025 was 74, a decrease of 28.8% from 104 in February. In terms of the total financing amount of the track, the top three tracks are other categories, Cefi and Defi.

🔥According to The Block, video game retailer GameStop announced on Tuesday that it would raise $1.5 billion through a private placement of convertible bonds, and planned to use the proceeds to purchase Bitcoin.

🔥AI infrastructure protocol Cambrian Network announced that it has completed a $5.9 million seed round of financing led by a16z Crypto Startup Accelerator (CSX) and participated by BB Fund.

🔥According to Bloomberg, the prices of Bitcoin and other major cryptocurrencies fell after US President Trump imposed tariffs on US trading partners worldwide, triggering a plunge in risky assets.

🔥According to CoinDesk, the Chicago Mercantile Exchange Group (CME)’s average daily trading volume of crypto derivatives in the first quarter of 2025 reached 198,000 contracts, with a notional value of $11.3 billion, a record high.

🔥Mask Network founder Suji Yan said on the X platform: “The team has noticed the sudden drop in MASK’s recent price and is working hard to get more information/details. The solution will be announced within 1-2 days.”

🔥According to The Block, Standard Chartered Bank has begun coverage research on the Layer1 blockchain Avalanche and said it expects the network’s native token AVAX to rise more than 10 times from its current price of about $20 to $250 by the end of 2029.

🔥According to The Block, the token issuance platform CoinList announced that it will return to the U.S. market for the first time since 2019 and hold a token sale for the DoubleZero Foundation, the team behind the DoubleZero protocol. The token, called 2Z, will be open to qualified U.S. investors. This marks the first time in five years that CoinList has allowed U.S. investors to participate in token sales.

🔥According to CoinDesk, the UK subsidiary of digital asset financial services company Galaxy Digital announced that its application for a derivatives trading license from the UK Financial Conduct Authority (FCA) has been officially approved.

🔥Bitcoin developer Ruben Somsen posted on the X platform that Google “permanently removed” the mailing list of the Bitcoin development group BitcoinDev. Ruben previously said, “As far as I know, no inappropriate content was posted.”

🔥According to CoinDesk, Fidelity has officially launched a fee-free crypto IRA retirement account. Through this plan, users over the age of 18 in the United States can invest in Bitcoin, Ethereum, and Litecoin. Fidelity manages the assets and stores them in cold wallets. The product supports Roth, traditional, and rolling IRAs, meeting customers’ strong demand for tax-advantaged crypto investment channels.

Regulatory & Macro Policies

🔥 According to Cryptoslate, Panama has published a comprehensive draft bill to regulate cryptocurrencies and promote blockchain services’ development.

🔥According to Decrypt, the U.S. Federal Deposit Insurance Corporation (FDIC) announced that banks can engage in cryptocurrencies and other legally permitted activities without seeking prior approval from regulators as long as they can properly manage risks. This policy change revokes a 2022 requirement that required FDIC regulators to notify the agency before engaging in crypto-related activities. Under the new guidelines, banks can provide services involving digital assets without prior permission from the agency.

🔥According to the Hong Kong Wen Wei Po, Chen Weimin, deputy chief utive of the Hong Kong Monetary Authority, said that a regulatory framework is being established for the issuance of stablecoins to lay the foundation for developing the crypto eco. Hong Kong has made good progress in developing stablecoins, and the relevant bill is being reviewed by the Legislative Council and is expected to be passed in the next few months.

🔥According to Eleanor Terrett, the incoming chairman of the U.S. Commodity Futures Trading Commission (CFTC), Brian Quintenz, has begun talks with senators on Capitol Hill to prepare for his nomination hearing. Today, he met with Chuck Grassley, a Republican senator from Iowa and a member of the Senate Agriculture Committee, to discuss CFTC affairs, including crypto spot market regulation.

🔥According to Bitcoin.com, Hester Peirce, a member of the U.S. Securities and Exchange Commission (SEC), called on Congress to simplify crypto regulation and reduce regulatory confusion at the Chamber of Digital Commerce’s 8th Blockchain Summit in Washington, DC, on March 26.

🔥According to crypto journalist Eleanor Terrett, Bryan Steil, chairman of the U.S. House of Representatives Digital Assets Subcommittee, revealed that after Wednesday’s deliberations, the U.S. House of Representatives’ STABLE Act (Stablecoin Transparency and Accountability for a Better Ledger Economy Act) will be “well aligned with the Senate’s GENIUS Act (Guidance and Establishment of the United States Stablecoin National Innovation Act)”, which was achieved after several rounds of “draft revisions” in the House and Senate and technical assistance from the SEC and CFTC.

🔥According to CoinDesk, the Brazilian National Monetary Council (CMN) issued Resolution 5.202/2025, prohibiting closed pension funds such as Entidades Fechadas de Previdência Complementar (EFPCs) from investing their guaranteed reserves in Bitcoin (BTC) or other crypto assets because cryptocurrencies are considered to be too risky.

🔥According to Bitcoin.com, the Nigerian Investment and Securities Act (ISA) 2025, recently signed by Nigerian President Bola Ahmed Tinubu, effectively ended the uncertainty surrounding the status of cryptocurrencies, and the new bill actually repealed the Investment and Securities Act No. 29 of 2007. This revised securities law “officially” recognizes cryptocurrency as an asset class.

🔥According to People’s Finance, on April 2, Li Chunlin, deputy director of the National Development and Reform Commission, said at a press conference of the State Council Information Office that in terms of strengthening technical support and guarantee, the National Development and Reform Commission has applied new technologies such as privacy computing to the sharing and application of credit information to reduce the risk of information leakage. At the same time, it will explore the use of blockchain technology to promote the “chaining” of key data, realize data encryption processing and process plasticity.

🔥According to Bitcoin Magazine, Texas House Bill 4258 (H.B. 4258) was submitted to the Government Efficiency utive Committee for review today. The bill authorizes the state auditor to invest up to $250 million in Bitcoin, and also authorizes municipalities or counties to invest up to $10 million of their funds or funds under their control in Bitcoin and/or other cryptocurrencies.

🔥According to the “2025 U.S. Crypto Holders Report” commissioned by the National Cryptocurrency Association (NCA) and released by The Harris Poll, about 21% of adults in the United States (about 55 million people) hold cryptocurrencies, and 76% of them said that crypto assets have a positive impact on their lives.

Crypto Market Highlights

⭐️Last week, the overall crypto market has fluctuated downward, and the market has continued to follow the downward trend of US stocks, and the overall decline has been large. In the past week, mainstream coins have been generally down, and only a small number of coins have shown upward performance. The market is still in a state of fluctuation and decline, and it is expected that there will be a round of larger market fluctuations in the future.

⭐️This week, EOS ranked first among mainstream coins in terms of growth, reaching about 43%. This is mainly because the coin has recently promoted various forms of platform dynamics, such as brand reshaping and staking incentives. The community has responded enthusiastically recently, which has jointly promoted the coin to have a relatively obvious upward trend. It is one of the few mainstream coins that has achieved a large upward trend within a week. The current EOS price remains around $0.82, with a weekly high of $0.85. It is currently in a short-term fluctuation trend, and the price has a slight correction.

BTC & ETH Weekly Performance

Bitcoin (BTC)

(Data Courtesy Of TradingView)

This week, the BTC price trend showed a short-term oscillation trend after the opening, and maintained a small range of intraday fluctuations. The overall price entered a round of small increases, but then there was a plunge, and the price quickly fell from a high of $88,000 to a range of $82,000. The overall crypto market continued to follow as the U.S. stock market ushered in a rapid decline. The BTC price mainly showed a firm price support level. In the future, the BTC price will continue to follow the overall trend of the market, and the occurrence of a compensatory decline cannot be ruled out.

Ethereum (ETH)

(Data Courtesy Of TradingView)

ETH’s price trend this week is consistent with BTC, but the decline is greater than BTC and it is expected to fall again. ETH’s price peaked at $1,950 within a week, but then it rapidly declined within the day. Currently, ETH price remains around $1,750-$1,800 and continues fluctuating. The price has reached around $1,780. There is expected to be a new round of price fluctuations during the weekend, and there is a possibility of a slight decline again.

Web3 Project Trend

This week, the total market cap of the seven types of projects fell across the board, and most tracks fell sharply. The market was affected by the decline of US stocks, and the overall downward trend was very obvious. Recently, the overall market was mainly affected by external factors, and a new round of market fluctuations is expected at the weekend close.