Crypto Daily | 08/03/2026

1️⃣ Crypto Market Developments
• The cryptocurrency market continues to experience strong volatility over the past 24 hours, with "Extreme Fear" sentiment prevailing.
• Bitcoin (BTC): Trading around $67,195 – $68,341, down approximately 1.68% – 5.7% depending on the time of day.
• Ethereum (ETH): Current price $1,969.05, slightly down 0.7% from the previous day.
• Market Liquidations: Over $138 million in derivatives positions were liquidated in 24 hours, with long positions accounting for nearly $100 million.
• Market Sentiment: The Fear & Greed Index dropped to 12 points, reflecting extreme fear among investors.
• Altcoins: About 38% of altcoins are trading near historic lows, indicating that capital is mainly flowing into BTC or exiting the market.
2️⃣ Notable Crypto & Financial News
• Venture capital firm Andreessen Horowitz (a16z crypto) is targeting to raise $2 billion for its fifth crypto fund, demonstrating long-term confidence from major institutions.
• The National Bank of Kazakhstan is reportedly considering purchasing around $350 million worth of cryptocurrencies, a rare move by a central bank.
3️⃣ World & Macro News
• Disappointing US employment report: February Nonfarm Payrolls data shows the US lost about 92,000 jobs, well below the forecast of a 55,000 increase. The unemployment rate rose to 4.4%, raising concerns of an economic recession.
• Geopolitical tensions: The conflict between the US/Israel and Iran continues to put pressure on risk assets, causing volatility in the crypto markets.
• Former President Donald Trump announced a new cybersecurity strategy aimed at strengthening blockchain and cryptocurrency security, seen as a positive signal for the industry in the long term.
• Turkey is pushing a draft law to tax crypto income, expected to generate about 4.2 billion lira for the budget.