Weekly Summary
BlackRock’s BUIDL fund surpasses $1 billion, becoming the largest tokenized Treasury fund.
REX Shares launches first Bitcoin Corporate Treasury Bond ETF (BMAX), which invests in convertible bonds of companies holding Bitcoin.
VanEck registers Avalanche (AVAX) ETF in Delaware. AVAX is down 55% since the beginning of the year.
Circle prepares to move $900 million money market fund under DABA license.
Paradigm leads $82 million investment round for crypto payment network Mesh.
Cantor Fitzgerald partners with Anchorage Digital and Copper for Bitcoin custody services.
MoonPay acquires Iron, an API-focused stablecoin infrastructure developer.
TON token rises 20%. France allows Telegram founder Pavel Durov to return to Dubai.
Crypto․com has been licensed to offer futures and perpetual contracts for institutional investors in Dubai.
Trump’s project WLFI has begun buying $AVAX.
US Representative Byron Donalds has introduced a bill to legalize President Trump’s Strategic Bitcoin Reserve and protect it from future administrations.
Brazilian MP Luiz Philippe has introduced a bill to regulate the payment of wages and workers’ rights in Bitcoin and cryptocurrencies.
The White House has confirmed that crypto chief David Sacks sold off $200 million in assets before assuming the role of Crypto and AI Czar.
Russia has begun using Bitcoin, Ether, and USDT in its oil trades with China and India.
The White House said the US government “intends to purchase as much Bitcoin as possible.”
The White House said the exchange is in a transition period.
Senator Lummis has reintroduced the 'Bitcoin Act' bill, which proposes to purchase $1 million BTC within 5 years with a minimum 20-year hold.
Technical and Macro Outlook
BTC
The Bitcoin (BTC) price has touched the rising trend support that has been effective since 2024. In the current technical structure, the $82,819 - $85,419 range stands out as a significant resistance area in the short term, while the $79,000 - $80,700 region stands out as a strong demand area where both trend support and horizontal support levels intersect.
If this region is maintained, upward movements can be expected to gain momentum and an increase towards the $90,000 level can be expected. If this level is exceeded, $95,000 will be followed as the next target. However, if weekly closes come below $79,000, the technical outlook may weaken and the risk of the price falling back to the $75,000 - $76,500 support area may increase.
In summary, while price movements above $79,000 support the positive scenario, if this level is broken, selling pressure may deepen and lower support points may be tested.
ETH
The Ethereum (ETH) price is trading close to the lower band of the large-scale symmetrical triangle formation, which is at a critical support level. The $1,790 - $1,900 region intersects with long-term upward trend support and stands out as a strong demand area. ETH holding in this region will be important in terms of starting an upward reaction movement.
Currently, the price is trading below the $2,000 level, and breaking above this level may strengthen the recovery scenario. The levels of $2,095 and $2,453 are intermediate resistance points, respectively, and if these areas are exceeded, the rise can be expected to accelerate towards the resistances of $2,595 and $2,981.
On the other hand, falling below the level of $1,790 and the weekly closing below this area may increase the selling pressure. In this case, the levels of $1,692 and $1,422 will be followed as the next support areas.
In summary, Ethereum holding on to the $1,790 - $1,900 area is critical for the continuation of the rise, and if it falls below this area, the risk of deepening selling pressure will increase. In the bullish scenario, if the levels of $2,000 and $2,095 are exceeded, $2,500 and above can be targeted.
ETH/BTC
When the ETH/BTC parity is examined on the weekly chart, it is seen that it has received a strong reaction from the critical support area that has been followed for a long time. This region in particular stands out as an important demand area that has worked many times when past price movements are examined and where buyers have stepped in. The reaction that comes with the current contact indicates that volatility may increase in the upcoming period for Ethereum and significant upward movements may occur. If this support contact is successful, a scenario can be mentioned where ETH may start to gain strength against Bitcoin and upward movements in the parity may accelerate. In a potential recovery process starting from here, it can be expected that the intermediate resistance levels will be tested in the first stage, followed by movements towards higher peak structures.
Weekly Notes
Trump's Tariffs and the MarketsImpact
Trump’s tariffs are still the biggest factor shaking up the markets. According to a Bank of America survey, a potential global trade war is the biggest market risk for 2025. This risk even surpasses fears of AI competition from China. This uncertainty affects everything from cryptocurrencies to traditional financial markets, leading to a decrease in risk appetite.
Despite all this gloom, however, US stock markets saw a sharp recovery on Friday. The S&P 500 index rose more than 2%. As markets enter a new period of volatility, short- and medium-term investors should be careful about leverage and position size. However, there are still great opportunities for long-term investors; assets with strong fundamentals can be bought at attractive prices right now.
Institutional Adoption Accelerates
Despite the volatility in the market, institutional investors continue to enter the crypto space:
The Singapore Exchange plans to list Bitcoin perpetual futures in the second half of 2025.
BlackRock has announced a 1-2% allocation in model portfolios for its Bitcoin ETF (IBIT).
The US House of Representatives has shown a more positive approach to decentralized finance by repealing the IRS’ DeFi Broker Rule.
The SEC is considering classifying XRP as a commodity. This could be a major regulatory change.
Abu Dhabi-based investment firm MGX has invested $2 billion in Binance, marking the largest investment in the crypto sector to date.
Altcoin Market and Institutional Interest
While retail investors are fearful, institutional investors are acting in the opposite direction. Last week, major financial institutions filed applications for altcoin ETFs:
Franklin Templeton filed with the SEC for the XRP Trust and the Solana ETF.
VanEck announced its first Avalanche (AVAX) ETF.
Institutions are increasing their interest in major altcoins such as SOL, SUI, XRP, AVAX, DOGE, LTC and HBAR.
Developments to Watch Out For
NVIDIA CEO Speech (March 18): Jensen Huang will talk about artificial intelligence and chip technologies. Updates are expected, especially on the Blackwell B300 series and Rubin GPU.
FOMC Rate Decision (March 19): The Fed is expected to keep interest rates steady at 4.25-4.50%. However, the possibility of a total rate cut of 70 basis points by the end of the year is being priced in. Powell's statements will guide the markets.
Author: Besim Şen
