As of March 2, 2025, the cryptocurrency market continues to show signs of stabilization after the volatility of late February, but remains under pressure from macroeconomic and regulatory factors.
The total market capitalization increased to $2.92 trillion, up 2.5% from the previous day, reflecting cautious optimism among investors.
Current market situation
Bitcoin (BTC) stabilized at $85,200 after recovering from a drop to $79,231 on February 28, showing an increase of 0.8% overnight. This growth is attributed to positive expectations for the March 7 summit with President Donald Trump dedicated to cryptocurrencies, as well as to the reduction of fear after the publication of US inflation data on February 28 (3.2%), which, although higher than forecast, did not cause a new shock.
However, analysts note that the market remains vulnerable to new macroeconomic data to be published on March 5.
Ethereum (ETH) traded at $2,620, showing a modest gain of 1.5%, while altcoins such as Solana (SOL) and XRP were up 2-3%. Memecoins, including the Trump token, added 8%, reflecting speculative interest in political news.
The total blocked value (TVL) in the DeFi sector stabilized at $59.5 billion, indicating a return of confidence in decentralized financial protocols after the capital outflow in late February.
The Fear and Greed Index rose to 35 ("fear"), indicating a gradual decrease in panic, but the market is still in a zone of caution. The key drivers of volatility are the expectation of a Senate vote on the stablecoin bill on March 10 and possible statements by the CFTC during a forum on March 6 on tokenized assets.
Today's US unemployment data (released at 8:30am PST) showed stability at 4.1%, which supported positive sentiment.
What happened on March 2 in previous years?
March 2 hasn't always been a significant day in the crypto world, but in some years, it has been marked by important movements or news:
March 2, 2013: Bitcoin traded at $32, showing slow growth after the early boom. It was a low-key day, but the market was in a consolidation phase before the significant growth of 2013.
March 2, 2014: After the collapse of Mt. Gox collapse (February 24, 2014), bitcoin remained in a state of panic, trading at $550-$570. March 2 was part of a long recovery as the community began to move to new platforms such as Bitstamp and Kraken and discussed decentralization.
March 2, 2017: Bitcoin was approaching $1,200, being in a bullish phase before the significant rally of 2017. The day had no big news, but the market was showing steady growth ahead of the 2016 halving.
March 2, 2020: The crypto market continued to come under pressure due to the outbreak of the COVID-19 pandemic. Bitcoin was trading at $8,550, but fell to $3,850 two weeks later (March 12) due to global panic. March 2 was a turning point when investors began to take massive losses.
March 2, 2023: Bitcoin was trading at $23,150 during the recovery period after the 2022 crypto winter. The day was not marked by any significant events, but the market gradually gained momentum after the FTX bankruptcy in November 2022.
On March 2, 2025, the crypto market shows signs of stabilization with bitcoin at $85,200 and moderate growth in altcoins. Positive sentiment is supported by macroeconomic unemployment data and expectations for the March 7 cryptocurrency summit with Trump, but the market remains vulnerable to US inflation data on March 5 and the March 10 stablecoin vote.
Historically, March 2 has not been a turning point, but often reflects transitional phases - from panic to gradual recovery. Investors should be cautious in the coming days, keeping an eye on regulatory developments and economic news.
