Bitcoin
Bitcoin from March 7 to March 14, 2025 fell by 5.5 %. In the course of the week, the largest cryptocurrency in capitalization fell below $ 77,000. This did not happen to the BTC since November 10, 2024.
Source: TradingView.com
On Wednesday, March 12, new data on inflation in the United States were published. The numbers for February were positive. The consumer price index has slowed its growth to 2.8 % – compared with 3 %, which were recorded in January. The indicator turned out to be better than consensus prognosis (2.9 %). Basic inflation, which does not include volatile food prices and energy, increased by 0.2 %. There was also a slowdown compared to January, when rising prices
composed 0.4 %. Price statistics gives reason to hope for a further decrease in the key rate of the Fed. Bitcoin has risen above $ 84,000 in the middle of the week on inflation data.
Nevertheless, positive data on prices have not become decisive when determining the mood of crypto -investors. The Trump Trump Trumps had much more influence. Canada this week
Entered 25% of the duties for goods imported from the United States in the amount of $ 29.8 billion. Plus the European Union, starting in April, has been introducing duties in the amount of about € 26 billion. This is 25% of duties for steel and aluminum, which
Introduced Trump for the EU.
The rise in the cost of economic processes will create problems for business and people, increase prices for goods and, as a result, can lead to further prices. If this happens, it is not necessary to talk about a decrease in bets. And if so, the appetite for risky assets like bitcoin will be minimal. Taking all this into account, after growth to $ 84,000, bitcoin has slightly decreased in price.
Leaves the best and dynamics in spotal ETF on bitcoin. Last week, outflow of funds were again recorded there. In total, more than $ 870 million was withdrawn. This suggests that cryptocurrency is now a non -priority direction for investing large institutional investors.
Source: sosovalue.com
From the point of view of technical analysis, Bitcoin formed a bear’s trend. Indicators give signals about the continuation of the trend: the price is below the 50-day sliding average, Stochastic It does not reach 50 mark. At the same time, the latter has left the resale zone, which indicates a likely rebound, at least short -term. Current support and resistance levels: $ 76,600 and $ 89 164, respectively.
Source: TradingView.com
Index
Fear and greed Compared to last week, it decreased by seven points. The current value is 34. This indicates that fear still prevails over greed in the moods of crypto-investors.
Ethereum
The broadcast last week collapsed by another 11.52 %. On Tuesday, March 11, the price of ETH dropped to $ 1,754.2. This is the minimum price at which the second one was traded in capitalization of cryptocurrency over the past six months.
Source: TradingView.com
Although the cost of the broadcast continues to fall, its number in stakeing began to grow gradually. Over the past month, the indicator has grown by 1 % to almost 34 million ETH. The divergence (discrepancy) between the price and the number of broadcasts in Stayking speaks of the confidence of investors in cryptocurrency. Instead of selling, holders
Save Coins with the aim of increasing them in the future.
But at the moment, interest in the ether is falling, including from institutional investors. The outflow of money from spotes ETF on ETH is observed over the last seven trading sessions. In the last week, $ 143.13 million was withdrawn from the exchange funds.
Source: sosovalue.com
But in the Ethereum itself, from March 17, they decided to launch a new test network called Hoodi. This is largely due to the fact that when the Pectra update is deployed in other Sepolia and Holesky test networks, the developers faced certain difficulties. According to the leading developer of Ethereum Tim Beiko, the functionality of Hoodi several
differs From the predecessors by the fact that here you can test the outputs of the validators. Otherwise, their work is similar. If the deployment of Pectra in Hoodi is successful, then on the main network the update will be released about a month after that, that is, in late April or early May 2025. The upcoming hard fork should make Ethereum faster, more effective and more friendly for users. One of his main features
will become Adding the functionality of smart contracts, as a result of which users will be able to pay for transaction commissions in currencies different from the air.
From the point of view of technical analysis, the descending trend continues on the air. In favor, indicators say this. For example, the price is located below the 50-day sliding average (indicated in blue), and RSI It does not reach 50 mark. Last week, the situation has aggravated, as a strong support level of $ 2,112 was broken, which has now become resistance. A new level of support is at least 11 March $ 1,754,2.
Source: TradingView.com
Ripple
A little more than 2.5 % lost Ripple from March 7 to March 14, 2025. The week was divided for this cryptocurrency into two halves: in the first three days it decreased, and in the next four grew. On March 11, Ripple updated the month at least when he dropped below $ 1.9.
Source: TradingView.com
The general news background is positive, despite the drop in price. This week, Ripple received official approval from the Dubai financial services management (DFSA) for the provision of services related to cryptocurrency payments at the Dubai International Financial Center (DIFC). Thus, the organization became the first in the Middle Eastern region a licensed provider on the blockchain. Already now a fifth of Ripple users
It is necessary It is on this part of the world. In the future, their number will only grow.
The ETF theme is increasingly flared up on XRP. The Chicago Exchange Exchange (CBOE) filled out an application in the form of 19B-4 to list the shares of shares of the new Franklin XRP ETF Foundation. This is the second step towards the approval of the spotal ETF on XRP. Earlier, the company has already filled out an application in the form of S-1. Now the word behind the securities and exchanges commission (SEC), which can both approve and reject a new product. If the green light is still obtained, then the institutional and retail investors
It will appear Another method for investing in crypto assets.
Cryptoanalyst Ali Martinez (Ali Martinez)
Shared Information, according to which the number of XRP addresses reached a historical maximum, amounting to 6.87 million. This shows that more and more users are interested and believe in Ripple. Interestingly, among large players (whales) in the last week there was a lull. No large purchases or sales of XRP tokens were recorded
There was no. This state of affairs may speak in favor of the beginning of the stage of accumulation by institutional investors Ripple.
From the point of view of technical analysis, a sidewall is observed in Ripple. The weakness of the trend confirmed low value (less than 30) ADX indicator. At the same time, sellers, not buyers, now own the initiative. In favor of this, the location of the price is below the 50-day sliding average (indicated in blue). The situation may change if it is possible to gain a foothold above the resistance zone $ 2.27- $ 2.28. The support level is about $ 1.95.
Source: TradingView.com
Conclusion
Thus, the week was under the sign of decrease for the largest cryptocurrencies. The tone of dynamics in the crypto is a threat of a trade war, which can play against the backdrop of the introduction of more and more imported tariffs. Against this background, even positive statistics on inflation in the United States have faded.
This material and information in it is not an individual or other other investment recommendation. The view of the editorial office may not coincide with the opinions of analytical portals and experts.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
