Crypto News Today 11th March : Ethereum Price, Pi Network News, Why is Crypto Crashing?

Shares of Strategy, formerly known as MicroStrategy, tumbled 16.68% to $239.27 on March 10, 2025, after the company announced plans to raise up to $21 billion through “perpetual strike preferred stock” offering an 8% dividend. The capital raise is aimed at increasing its substantial Bitcoin holdings—nearly 500,000 bitcoins valued at around $40 billion. This drop marks the fourth consecutive Monday of declines, coinciding with Bitcoin’s fall to approximately $82,400 amid weekend price movements.

Cardano (ADA) is garnering attention as whales accumulate 180 million ADA, reflecting strong long-term confidence. Currently trading at $0.7320 and rebounding off key support at $0.6695, ADA’s price structure mirrors past bull cycles. Historically, deep retracements have led to significant rallies; in a previous cycle, a 52% drop preceded a 4,000% surge. Traders now await a breakout above $0.7734, with resistance at $0.7926 potentially propelling ADA toward $0.9101 and beyond.

Bitcoin miners are increasing their selling pressure during market dips, adding liquidity challenges. Recently, BTC dropped to $77.7K, and miners offloaded more coins onto exchanges at local bottoms. Historically, miners sell during declines to cover operational costs, which contributes to downward momentum. If strong buyer demand does not absorb these sales, sustained selling could further depress prices. Investors are monitoring this trend closely as miner flows may indicate broader financial strain within the mining community.

Coinbase has moved closer to re-entering the Indian market after securing registration with the Financial Intelligence Unit (FIU). Previously active in India but forced to pull back amid regulatory pressures and informal interventions by the Reserve Bank of India, the exchange halted new user registrations in 2022. With FIU approval, Coinbase plans to resume trading and retail services, while also introducing new products and ramping up investment. The move signals renewed confidence in one of the world’s most promising crypto markets.

Binance Wallet is set to exclusively host the Bubblemaps (BMT) Token Generation Event (TGE) on PancakeSwap from March 11, 08:00 to 10:59 (UTC). The event aims to raise $800,000 in BNB and will distribute 40 million BMT tokens, which represents 4% of the project’s total supply. This strategic launch marks a significant milestone for Bubblemaps, as it leverages Binance Wallet’s platform to attract investors and boost token liquidity in the competitive crypto market.

The Russia-backed hacking group “Dark Storm” has taken responsibility for the DDoS attack that disrupted operations on X (formerly Twitter). Elon Musk confirmed that the cyberattack occurred on March 10, with its origins traced to IP addresses in Ukraine. The incident has raised concerns about the growing cyber threat landscape and its potential links to geopolitical tensions. More details are emerging as the investigation continues, highlighting the vulnerabilities faced by major digital platforms.

Since Donald Trump’s victory, numerous large-cap crypto projects have surged in value despite recent market corrections. Top gainers remain profitable, showcasing resilience amid volatility. Predominantly U.S.-based tokens like $HBAR, $XRP, $XLM, and $ADA have drawn attention for their potential strategic reserve value. Additionally, crypto exchange tokens including $BGB, $TKX, and $GT have also performed remarkably well. These developments underline a continued investor interest in high-profile assets, even as broader market trends fluctuate and uncertainty persists. Market optimism remains strong overall.

An Ethereum whale, a long-time holder since its ICO, made headlines by moving 7,000 ETH valued at $13.8 million to Kraken. The transfer occurred as Ether’s price dropped to $1,760 amid U.S. recession fears, triggering volatility. Analysts say large exchange inflows typically signal plans to liquidate or use the crypto as collateral for derivatives trading. Despite the sale, the whale still holds 30,070 ETH worth over $50 million.

Cathie Wood stated that the market is now absorbing the final stage of a rolling recession. She believes this situation will offer more policy flexibility for both a potential Trump administration and the Powell-led Federal Reserve than investors currently expect. According to Wood, this extra flexibility could help drive the U.S. economy into a “deflationary boom” in the second half of the year, potentially leading to lower prices and an overall improvement in economic conditions.

The crypto market is under significant pressure, with the total market cap dropping by $57 billion in the past 24 hours to $2.55 trillion amid concerns over the US economy. Bitcoin led the decline, falling to an intraday low of $76,600, while altcoin FET plunged 15%. The downturn coincides with news that President Trump will reverse Biden-era crypto debanking regulations, and the SEC is pulling back on its proposal to expand oversight of crypto exchanges. Traders remain cautious, watching key support levels for signs of a recovery.

According to Fortune, former FTX CEO Sam Bankman-Fried (SBF) is seeking a pardon from President Trump. SBF has launched a series of high-profile campaigns, including an unauthorized appearance on the Tucker Carlson Show, which reportedly led to him being put in solitary confinement. However, political insiders believe that his chances of receiving a pardon are extremely low, given the current political climate and the ongoing controversies surrounding his case.

Trump’s tariff uncertainty continues to fuel market sell-offs, wiping $1.7 trillion from US stocks and triggering $940 million in crypto liquidations. Bitcoin has slipped below $80K, while Ethereum trades near its 2022 bear market lows. Meanwhile, tokens like $OM, $IP, and $MOVE are holding strong amid the downturn. Overall, the crypto market cap stands at $2.74 trillion, with BTC dominance at 58.10% and the Fear & Greed Index at 24, signaling extreme fear among investors.

The crypto market took a hit on March 11 as Bitcoin slid to a low near $80K and Ethereum dropped 10% below $2K, with XRP and SOL also falling by 6-10%. Overall market sentiment is grim, with a nearly 4% market cap drop to $2.58 trillion and over $900M in liquidations. Despite pro-crypto moves like Trump’s executive order on a BTC reserve, fear of recession and escalating trade tensions is keeping prices under pressure.