The crypto market ended the week with a significant drop, reflecting negative trends. Bitcoin (BTC) closed the week with a full-bodied candle with a decline of more than 14%, and its price is currently at $81,559.
The total capitalization of the crypto market has reached $2.640 trillion, of which $773.53 billion is accounted for by the market excluding bitcoin (BTC) and ether (ETH).
Bitcoin's dominance is 61,26%, which emphasizes its leading role in the market.
The Fear and Greed Index dropped to 20, signaling the dominance of "fear" among investors.
Technical analysis
The weekly candlestick that closed on Sunday indicates that bitcoin's price is likely to move to the migration block, with the upper limit at $73,800. However, the ratio of shorts to longs is currently prevailing, which may contribute to corrective growth at least to the level of $85,000.
Macroeconomic context
The crypto market shows a high correlation with the stock market, which has been in a state of decline since February 19, 2025.
This week, the market is influenced by expectations of important economic events: On March 12, the US CPI inflation report for February will be published, and on March 13, data on US unemployment for the last month and the producer price index (PPI) will be available. On March 11, Senator Cynthia Lummis is scheduled to meet with representatives of the crypto industry, but its impact on quotes is considered minimal, given the previous unsuccessful summit with Trump.
Additional pressure is exerted by geopolitical tensions, in particular Trump's statements about the possibility of strikes on Iran's nuclear facilities, which exacerbates the situation in the Middle East.
As of March 10, 2025, the crypto market is influenced by both internal technical factors and external macroeconomic and geopolitical events.
Bitcoin is trading at $81,559 with the potential to fall to $73,800 or rise to $85,000 depending on market movements.
.
The Fear and Greed Index at 20 reflects panic, and bitcoin's dominance at 61,26% confirms its key role.
Investors should keep an eye on economic reports on March 12-13 and geopolitical news that may determine further market dynamics.
