Weekly Summary
US President Donald Trump has signed an Executive Order creating a US Crypto Strategic Reserve that includes assets such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).
The SEC has agreed to drop the Consensys lawsuit.
DekaBank has begun offering crypto trading and custody services for institutional investors with €377 billion in assets under management.
Citadel Securities is planning to enter crypto trading as a market maker that provides liquidity to major exchanges.
Grayscale has filed for a spot ETF for Polkadot (DOT) and Cardano (ADA). Nasdaq is preparing to list the Polkadot ETF.
ARK Invest bought $8.7 million worth of Coinbase stock and sold the same amount of ARKB Bitcoin ETF stock.
BitMEX, the crypto exchange that popularized perpetual futures contracts, has been put up for sale. Broadhaven Capital Partners is leading the sale.
The US Securities and Exchange Commission (SEC) has dropped its lawsuit against Coinbase.
SEC: Meme coins are generally not securities under federal law.
The SEC has accepted the application to allow staking for the Grayscale Spot Ethereum ETF.
Nvidia’s earnings report came in above expectations.
The SEC has also ended its investigation into OpenSea
The SEC has accepted the application to allow staking for the Grayscale Spot Ethereum ETF.
The SEC Drops Investigation Into DeFi Firm Uniswap Labs
The SEC has closed its investigation into Robinhood Crypto.
Binance will delist non-MiCA compliant stablecoin trading pairs for European users today. The assets affected are: $USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG.
The Trump Executive Order and the Presidential Task Force; XRP was assigned for the Strategic Crypto Reserve, which will consist of SOL and ADA. Donald Trump announced that Bitcoin and Ether will also be included in the reserve.
Technical and Macro Outlook
BTC
When evaluated on a weekly chart scale, a contact has occurred towards the rising trend support that has been in effect since 2024. Maintaining pricing above this trend line is of critical importance for the structure to continue healthily. In particular, the $ 79,000 - $ 80,700 range stands out as a strong demand area where both rising trend support and horizontal support levels overlap.
If this region is maintained, upward movements can be expected to gain momentum and closings above the $ 90,000 level can be seen in the first stage. If stability is achieved above this level, the $ 95,000 region will be followed as the next resistance and target area.
On the other hand, if weekly closings occur below the $79,000 support in possible pullbacks, the technical outlook may weaken and the selling pressure may deepen. In such a scenario, the risk of accelerating downward pricing and retreating towards the lower support area of $75,000 - $76,500 may come to the fore.
In summary, as long as the current technical structure remains above the $79,000 - $80,700 support band and the rising trend line, the positive scenario will remain valid, and the $90,000 and $95,000 levels will be followed as targets, respectively. It should not be forgotten that downward risks may increase in the event of a loss of support.
ETH
When Ethereum (ETH) is examined in the weekly period, it is seen that the price maintains the large-scale symmetrical triangle formation it has been moving in since 2021. Currently, ETH is trading close to the rising trend support, which is the lower band of this triangle structure, and the support level in question represents a technically critical region. In particular, maintaining stability above the $2,000 level is extremely important for the formation to maintain its validity and for the current structure to continue.
Otherwise, weekly closings below $2,000 may pave the way for a deepening decline and increased selling pressure. In such a scenario, lower support levels may come to the fore with the downward break of the triangle formation.
On the other hand, it seems likely that the price will find support on this long-term trend support, where historically strong buyer reactions have come, and will initiate an upward reaction movement. In this direction, in the recovery scenario, the $2,500 level will first be followed as an intermediate resistance, and if this region is exceeded, the rise can be expected to accelerate and continue towards the $3,000 level. These two resistance levels stand out as technical target areas in the short and medium term.
In the current position where Ethereum has been trading at the main trend support that has been going on for 3 years, the $2,000 level maintains its importance as a critical support. While pricing above this region supports the continuation of the positive scenario, it should be kept in mind that if it remains below, selling pressure may increase.ETH/BTC
When the ETH/BTC pair is examined on the weekly chart, it is seen that it has received a strong reaction from the critical support region that has been followed for a long time. This region, in particular, stands out as an important demand area where buyers have stepped in and worked many times when past price movements are examined. The reaction that comes with the current contact indicates that volatility may increase for Ethereum in the coming period 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 announced on Sunday that the US will create a Crypto Strategic Reserve that includes major crypto assets such as Bitcoin, Ethereum, Ripple, Solana and Cardano. This development directly affected the markets and caused Bitcoin to rise to $ 95,000. However, the striking point here is that Trump, who previously used expressions such as “crypto stock”, now prefers the word “reserve”. This discourse is quite similar to the “US Strategic Bitcoin Reserve” plan previously proposed by US Senator Cynthia Lummis. Lummis had suggested that the US Federal Reserve (FED) would reprice gold reserves to buy Bitcoin and obtain 5% of the total supply for 5 years. If this plan comes true, there could be a major movement in Bitcoin prices and the beginning of a new era in the markets.
It is also a striking detail that Trump made this statement on Sunday. It is thought that making such an announcement while traditional markets are closed and liquidity is at its lowest is a strategic move. The markets experienced major fluctuations following the statement.
Since Trump’s crypto policies and statements in this area are constantly changing, investors are questioning how serious these statements are and whether they will really turn into an application. The volatility following Trump’s announcement shows that the market has clearly priced in these statements but is also cautious.
The most critical date for crypto markets is March 7. More details are expected to be shared on this date after Trump’s statements. If these developments are positive, the upward trend in Bitcoin and other major crypto assets may continue. On the other hand, a negative economic outlook may lead to sharp fluctuations in crypto prices again.
In conclusion, Trump’s announcement may be a strong signal that the US will be more involved in crypto markets, but uncertainty in the markets still continues. New statements and regulations that may come in the coming days may greatly shape the future of crypto markets.
Author: Besim Şen
