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This Week’s Summary

• The crypto market ends the week at a total market capitalization of $2.78 trillion.
• Bitcoin surged to around $85,100 after a 3% increase.
• Ethereum is up by over 6% to trade at around $2,000.
• XRP is up by 5%, Solana by 3%, and Dogecoin by 3%.
• Almost all altcoins are trading in the green, with very few exceptions.
• The DeFi sector maintained the total value of protocols (TVL) at around $91 billion.

Crypto Trends 17 – 23 Mar 2025: Market Analysis and Performance

The crypto market enjoyed a better trading week compared to its previous one. Most cryptocurrencies have scored significant gains, with some surging beyond expectations. The primary catalyst behind this unexpected recovery is Ripple’s definitive win against the SEC in a long-drawn lawsuit.

More precisely, the U.S. Securities and Exchange Commission chose to drop its latest appeal against Ripple in a lawsuit that aimed to prove XRP sales on public exchanges did not constitute securities. A 2023 court had already ruled against SEC’s case, and now the four-year lawsuit is dead and buried. Many see this outcome as a victory for the entire crypto market. Meanwhile, the market capitalization increased by over $70 billion, reaching $2.78 trillion again.

Bitcoin has gained 3% in value since last Sunday. The surge resulted from Ripple’s lawsuit victory and a staggering decrease in liquidations from BTC owners. Still, many fear that the bulls have left Bitcoin behind. The most pessimistic voices believe it will be long before Bitcoin reaches $100,000. Nevertheless, the king of cryptocurrencies maintains its dominance over the rest of the market.

Ethereum is finally trading in the green after several bleak weeks of plummeting. The second crypto in command even managed to get above $2,000, a level some consider its favorite comfort zone. Ethereum aims to cement its value above $2K and avoid another drop.

Altcoins & DeFi

Most altcoins are trading in the green, with almost no exceptions. For example, XRP is up by 5%, Solana by 3%, Cardano by 1%, TRON by 8%, Chainlink by 7%, Toncoin by 8%, Stellar by 6%, and Avalanche by 5%. Pi is among the few losers this week, showcasing a dreadful 26% drop.

The memecoins are faring better, too. For instance, Dogecoin is up by 3%, Shiba Inu by 2%, and Pepecoin by 9%.

The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is up 5%, Render is up 8%, and Stacks is up 1%. Moreover, The Sandbox increased by 3%, MultiversX by 5%, and Floki by 5%.

The DeFi sector maintains the total value in locked protocols (TVL) at $90.96 billion.

Crypto Market Analysis – What’s in the News?

• Several crypto exchanges, including KuCoin and BitMEX, face sanctions in South Korea amid the country’s intense crackdown on overseas platforms operating on Korean territory.

Next Week’s Crypto Market Forecast 

The crypto market closed a relatively good week for the first time since the end of January. Ripple’s win against the SEC is important for the entire industry. However, other cryptocurrencies cannot rely on random events and unexpected legal battles to increase or consolidate their value. Hopefully, next week will see drastic improvements across the board, built on the current positive sentiment.

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