Week of March 25-31, 2025
The U.S. Securities and Exchange Commission (SEC) has clarified that Bitcoin (BTC) and Litecoin (LTC) mining, as well as Proof of Work transactions, are not classified as securities-related activities. As a result, participants are not required to register these transactions with the SEC.
The U.S. Senate is set to vote on Paul Atkins’ nomination as the new SEC Chairman on March 27, 2025, following his initial nomination on December 4, 2024. He recently met with representatives from both political parties on March 21.
A survey conducted by Coinbase and EY-Parthenon found that institutional investors are increasingly optimistic about digital assets, with 83% planning to increase their investments this year. Beyond Bitcoin and Ethereum (ETH), Ripple (XRP) and Solana (SOL) are seen as having the highest growth potential.
Meanwhile, Standard Chartered has revised its 2025 price target for Ethereum from $10,000 down to $4,000, citing the rapid growth of Layer 2 solutions—particularly Coinbase’s Base—which has already captured over $50 billion in market value from Ethereum. However, the bank maintains its long-term price target of $7,500 for ETH by 2029-2030.
Bloomberg reports that Pakistan is preparing legislation aimed at attracting foreign investors to its cryptocurrency market. The country currently ranks ninth globally for crypto adoption.
A survey by Oobit found that 70% of crypto payments in Europe are spent on food and beverages, while another 26% go toward travel and tourism. Interestingly, 92% of all transactions were made using stablecoins like Tether (USDT).
Bitcoin (BTC) has surged past its previous all-time high, crossing $86,000, signaling strong bullish momentum. The new support level is set at $80,000. If Bitcoin can break through the $91,000 trendline, it would confirm a trend reversal, with the next resistance target at $95,000.
Ethereum (ETH) is showing signs of stabilization, but the broader trend remains bearish. The key support level to watch is $1,700. A break above $2,200 would strengthen the recovery, with the first target set at $2,550.
Peanut The Squirrel (PNUT) gained 27.59% last week, signaling a potential trend reversal. The key resistance level to watch is $0.2620—a breakout above this could confirm a bullish trend. However, caution is needed at $0.1313, as a drop below this level may indicate further downside.
Bonk (BONK) posted a 19.99% return last week. A confirmed uptrend requires a break above $0.00001568. Ideal entry points are during pullbacks, as long as the price holds above $0.00000889. If this level fails, a stop-loss is recommended.
The U.S. Federal Open Market Committee (FOMC) has held interest rates steady at 4.5%, but two key developments emerged from the Fed Chairman’s statement:
The market also welcomed news that the International Monetary Fund (IMF) now recognizes digital assets in balance of payments accounting. Meanwhile, Spot Bitcoin ETFs saw their first net inflows in five weeks, and Donald Trump clarified his stance on targeted import tax policies, helping boost both the U.S. stock market and Bitcoin prices.
On Thursday, March 27, 2025, the U.S. Q4 GDP report will be released. Forecasts suggest a 2.3% growth rate, down from the previous 3.1% estimate. If the figure aligns with expectations, it could increase pressure on the Fed to cut rates sooner, potentially benefiting Bitcoin.
Investment Strategy
Look for buying opportunities during pullbacks in assets showing strong demand. While the market hasn’t fully recovered, Bitcoin’s momentum suggests the correction phase may be nearing its end.
References
Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.