Crypto Market Sees Modest Gains as Risk-On Sentiment Returns
cryptocurrency prices experienced a slight increase over the weekend, driven by a positive investor mood following FridayS US stock market surge. Bitcoin (BTC) remained above $84,000, and the total market cap of all cryptocurrencies climbed to over $2.8 trillion.
This week, two key events could influence the crypto market: President Donald Trumpās tariff decisions and the Federal Reserveās interest rate choices. A softer stance on tariffs and a more accommodating Fed could boost cryptocurrencies and other risky assets.
Among the top cryptocurrencies to watch this week are Binance Coin (BNB), Cronos (CRO), and ZetaChain (ZETA).
BNB: Pascal Hard Fork on the Horizon
BNB will be in focus this week as developers prepare for the Pascal hard fork on March 20. this upgrade is one of three planned for the first half of the year.It will enhance Ethereum compatibility, introduce native smart contract wallets, and boost security.
The other upgrades will improve BNB Chainās speed and security, making it a strong alternative to Ethereum and Solana. Ethereum has high fees and slower transactions,while Solana is often linked to meme coins.
Cronos: Strategic Reserve Vote Approaching
A crucial Cronos vote will conclude on March 17. The vote aims to create a cronos Strategic Reserve by reversing a 70 billion token burn from 2021. If successful, the new tokens will support the ecosystem.
However, critics argue that adding new tokens could dilute existing investors. Voting data shows 45.8% support, 44.4% oppose, and 9.27% abstain. if the vote ends like this, the proposal will likely be rejected due to low turnout.
zetachain: Price Crash and Token Unlock
ZetaChainās price has fallen to a record low of $0.2070, dropping over 92% from its peak. Its market cap is now $151 million. The crash is partly due to a decrease in the total value locked in its ecosystem and its highly dilutive nature.
This week, ZetaChain will unlock tokens worth over $6.6 million, which could cause further volatility. Major token unlocks often led to price fluctuations in the crypto market.
