coin-img-ETHETH+2.17%coin-img-BTCBTC+0.38%coin-img-OKBOKB+0.16%coin-img-ROBOROBO+8.09%coin-img-OPNOPN-5.95%coin-img-TAATAA-24.97%coin-img-SOLSOL+1.10%coin-img-XRPXRP-0.39%coin-img-ETHETH+2.17%coin-img-BTCBTC+0.38%coin-img-OKBOKB+0.16%coin-img-ROBOROBO+8.09%coin-img-OPNOPN-5.95%coin-img-TAATAA-24.97%coin-img-SOLSOL+1.10%coin-img-XRPXRP-0.39%coin-img-ETHETH+2.17%coin-img-BTCBTC+0.38%coin-img-OKBOKB+0.16%coin-img-ROBOROBO+8.09%coin-img-OPNOPN-5.95%coin-img-TAATAA-24.97%coin-img-SOLSOL+1.10%coin-img-XRPXRP-0.39%coin-img-ETHETH+2.17%coin-img-BTCBTC+0.38%coin-img-OKBOKB+0.16%coin-img-ROBOROBO+8.09%coin-img-OPNOPN-5.95%coin-img-TAATAA-24.97%coin-img-SOLSOL+1.10%coin-img-XRPXRP-0.39%

Crypto Market Shows Fragile Momentum as Traders Turn Defensive, 10x Research Reports

The crypto market shows mixed signals and fragile momentum, with traders adopting a defensive posture as funding rates plunge and downside hedging rises, despite a rebound in Bitcoin ETF inflows and strong stablecoin issuance, 10x Research said in a March 9 report. Trading activity remains subdued, and Bitcoin's first attempt to break $70,000 was unsuccessful, while Ethereum network fees are at very low levels, pointing to weak on-chain usage. Total crypto market capitalization stands at $2.29 trillion with weekly trading volume of $109 billion, including $48.9 billion for Bitcoin and $22.9 billion for Ethereum, with key watchpoints this week including CPI data, the unlocking of $4.7 billion in altcoins, and shifts in geopolitical risk.
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