For the Love of the Game (Market Commentary) |
To fear or not to fear? That is the question. Crypto remains highly volatile as we head deeper into March. CoinMarketCap’s Fear and Greed Index hit a multi-year low, dropping to Extreme Fear at 15 this morning. You see it on your portfolio balance as Bitcoin touched as low as $78K and took
the rest of the market down with it.
A Strategic Bitcoin Reserve tease couldn’t save the market last Sunday, and the official creation of it last week only caused an even bigger sell-off. It’s clear the market is looking for something more tangible than just words. Traders are searching for answers: Who is buying? When? And how much? So far, we have no clear answers.
Still, last week was one of the most
historic weeks in the history of crypto, with Donald Trump issuing an Executive Order to officially create a Strategic Bitcoin Reserve and Digital Asset stockpile. If and when the broader economy improves, we have nothing but the best regulatory environment ever for crypto to thrive in.
Now, let’s dive into what happened in crypto, AI, and NFTs over the past week. Donald Trump Makes Crypto History Last Wednesday evening, Donald Trump delivered on his campaign promise of creating a Strategic Bitcoin Reserve with an Executive Order. On top of the SBR, the Executive Order also creates a Digital Asset Stockpile for non-BTC assets. - Prior seized crypto assets will comprise the SBR and DAS, with Bitcoin exclusively being held in the Strategic Reserve, and ETH, SOL, XRP, ADA, etc, living in the Digital Asset Stockpile.
- The US Treasury and Commerce Department will develop a budget-neutral strategy for acquiring more
Bitcoin.
- Roughly 200,000 BTC are held in the Strategic Reserve, which will soon be audited to ensure full transparency. A majority of the holdings can be found here.
- Brian Armstrong, CEO of Coinbase, expects many G20 countries to take notice and follow
America’s lead.
The First White House Crypto Summit Just 2 days after the Strategic Bitcoin Reserve EO, politicians and crypto leaders met in Washington DC for the first ever White House Crypto Summit. While no tangible policy or plans were enacted, some important topics were discussed. - The 2026 FIFA World Cup tournament was discussed at the Crypto Summit, along with the possible
creation of a FIFA meme coin.
- While light on substance, Donald Trump made some key crypto comments like “Never sell your
Bitcoin”
- The Treasury will look for ways to acquire BTC at no cost to taxpayers and support legislation for
US dollar-backed stablecoins.
- US banks can now be validators on public crypto networks, custody crypto for customers, and
hold stablecoins.
- Michael Saylor advised President Trump to acquire up to 25% of the total BTC
supply.
- Coinbase plans to hire 1,000 US employees thanks to the new crypto-friendly
environment.
- Courtyard is again the #1 collection by sales volume again, even with sales down -20.91% to $10.4M. Buyers fell -15.37% to 5,451.
- DMarket saw a +5.73% increase in sales to $10.34M with buyers falling --4.03 % to 25,425.
- CryptoPunks sales fell by 7.68% to $4.05M, though buyers are up +81.25% to 29. The top sale was CryptoPunk #364, which sold for 160 ETH ($342K) but realized a 200 ETH and $1.2M loss.
- Pudgy Penguins sales are up +23.08% to $2.04M with buyers falling just -01.56% to 63. The top sale was Pudgy Penguin #5666, which sold for 15.99 ETH ($34.73K).
- Bored Ape Yacht Club sales are up +91.92% to $1.69M with buyers +54.17% to 37. The top sale was BAYC #7103, which sold for 35 ETH ($72.85K).
- OMB is the top NFT collection on Bitcoin with sales of -88.90% to $1.41M. Buyers fell -93.86% to 285.
- Ethereum sales are up 1.88% on the week to $30.93M with buyers down
-58.07% to 21,678.
- Bitcoin sales fell 24.86% to $19.96M, and buyers fell -88.87% to 3,594.
- Solana sales climbed +43.49% to $17.86M, with buyers down 89.36% to 13,384.
- The NFT market saw its worst week of sales volume in 2025, falling to just $101.06M.
- Trade profits continue to live in the negative, coming in at the 3rd lowest total of 2025 at -$9.4M
- Unique buyers came in at a 69-week low with just 180,460 buyers, and sellers hit a 13-week low of 129.202.
- Average sale price fell to a 17-week low of $85.35.
The CryptoSlam 500 NFT Index fell -5.03% in the past 7d as the value of the NFT market plummeted with the crypto market. Is this the start of a bear market, or is this a mid-cycle pullback? Nobody knows yet, but what we know for sure is that
CryptoPunks are the only major collection in NFTs to see their floor price increase in the past 7d (up 6.7% to 38.4 ETH, but still down in USD value).
ETH NFT Composite - 621.50 (-7.87)
SOL NFT Composite - 517.05 (-1.02%)
POL NFT Composite - 4.80 (-3.23%)
CAR NFT Composite - 584.47 (-3.63%) The AI crypto market cap fell to 3.91B, the lowest value we’ve seen in 2025. No sector of AI is safe (DeFAI, Infra, Agents), and not even the top tokens have been spared. AIXBT has fallen to a $92.19M MC, GOAT to $55M, and even AI16Z
$207.81M. - The SWARMai launched on VaderAI as their 2nd EAO (Early Agent Offering) at a $300K market cap, and
once opened to all, sold out after just 18 minutes. Next up is an interactive terminal for holders with at least 200k tokens, as well as automation on X to help drive mindshare.
- ARC released their litepaper, revealing plans for an agentic app store called Ryzome, which will
connect agents to thousands of digital services. The ARC token will be the fuel of the ecosystem and the payment token for new token launches.
- Billy Bets continues to catch eyes from across the sports and crypto AI world as he makes big bets autonomously on NBA games. He has now added the ability to bet on props, giving him even more chances at big paydays.
- xAI’s Grok helped launch a meme coin this week with the help of the BankrBot on X. With the help of a user on X, Grok launched a token called DebtReliefBot (DRB) as it fits his financial focus.
- AI art had a big week with multiple big NFT sales and loans coming in. A 1/52 Botto Genesis piece sold for 100 ETH, while AI legend Refik Anadol had his Machine Learnings 1/5 art sell at Christie’s for $275K. We also saw a massive $250K loan for Lost Robbie on the Gondi platform.
Crypto is taking a beating, with Bitcoin falling roughly 26% from its all-time high at the beginning of this year. There are no signs of relief on the horizon. That doesn’t mean the bull run is over because the biggest factor impacting the
crypto market is the economy. Donald Trump’s tariff war could come to an end at any time, or if things go as he says, it could pay off in a big way for the economy later this year. That’s little consolation for what we’re seeing right now, but as we’ve learned in the past, it pays to pay attention even in a bear market.
Top Gainers 7d
MOVE - $0.49.46 (+26.5%)
ENA - $0.4209 (+14.7%)
BCH - $344.07 (+5.8%)
CRO - $0.07863 (+1.6%)
FTN - $4.00 (+0.6%) Top Losers 7d
S - $0.4302 (-29.1%)
JUP - $0.4901 (-28.8%)
WLD - $0.7662 (-27.9%)
RENDER - $2.78 (-26.5%)
INJ - $9.15 (-25.2%)
Be smart and keep your finger on the pulse of this market, by keeping your eyes on CryptoSlam and the indexes. You can stay plugged in by fixing your vision on our new daily Web3 live show called Chain Reactor.
Have a MEGA GM!
— Yehudah Petscher |
Autonomous refers to a system or entity that operates independently without direct human intervention. In the context of AI, crypto, and blockchain, autonomous technologies include self-executing smart contracts, AI-driven trading bots,
and decentralized protocols that function without centralized control. These systems rely on pre-programmed logic, machine learning, or blockchain consensus mechanisms to make decisions and take actions in real time. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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