Bitcoin and Ethereum Rise on China Incentives and Trade Developments
Bitcoin and Ethereum continued to rise due to the effects of US-China trade tensions and China’s new economic incentives. Markets are closely following the Trump administration’s temporary exemption from import duties from Mexico and Canada and China’s steps to support growth by increasing infrastructure spending. While Chinese Premier Li Qiang drew attention to the impact of global economic pressures on the country’s economy, higher budget deficit targets and incentive programs were announced. Crypto markets continue to correlate with stocks due to macroeconomic developments.
Bitcoin Will Be in a Privileged Position for the US Crypto Reserve
While the US administration positions Bitcoin as a strategic reserve asset, it plans to consider altcoins in a different framework. US Commerce Secretary Howard Lutnick stated that President Trump sees Bitcoin as an asset with a separate status and that the details of this will be announced at the White House Crypto Summit to be held on Friday. The Trump administration has activated a working group for the US Crypto Strategic Reserve after the executive order issued in January and is working on a model that includes BTC, ETH, XRP, SOL and ADA.
Trump’s Crypto Czar David Sacks and industry leaders will also attend the summit at the White House. It remains unclear how the crypto reserve plan will be funded and whether Congress will pass the necessary regulations.
Bitwise Files with the SEC for Aptos ETF
Bitwise has filed an S-1 application with the US Securities and Exchange Commission (SEC) for its Aptos (APT) spot ETF. The company, which registered an establishment under the name “Bitwise Aptos ETF” in Delaware last week, had previously listed the Aptos Staking ETP in Switzerland. The easing of regulatory hurdles for digital asset investment products in the U.S. is leading to an increase in altcoin-based ETFs. Bitwise has also filed applications for Dogecoin and XRP ETFs. With a market cap of $ 3.8 billion, Aptos stands out as the 36th largest crypto asset.
Mt. Gox Moved $ 1 Billion Worth of Bitcoin
The wallet belonging to the Mt. Gox crypto platform transferred 12,000 BTC ($ 1 billion) to an unknown address after months of silence. The platform, which also moved 166,505 BTC to its cold wallet, still has 36,000 BTC ($ 3.3 billion). Mt. Gox announced that the completion of payments to victims has been postponed until 2025. While the platform’s BTC movements have historically caused market volatility, the recent transfers have not had a significant impact on the price. However, investors continue to be concerned about potential selling pressure from creditors selling BTC.
Coinbase Plans to Expand to US Market with Tokenized Securities
Coinbase CEO Brian Armstrong said that they may restart talks with the SEC to make tokenization compliant with regulations in the US. Stating that tokenized securities can provide more efficient transactions in markets by moving traditional financial assets to the blockchain, Armstrong emphasized that developments in this area are critical for Coinbase to diversify its business model. The company plans to work with regulators to ensure that assets such as tokenized bonds and stocks are accepted in the market. However, difficulties such as clarification of the legal framework and integration with traditional financial systems are among the biggest obstacles to the process.
CFTC and SEC Begin Negotiations on Crypto Regulation
The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have begun talks to increase cooperation on digital asset regulations. CFTC Interim Chair Caroline Pham stated that coordination between institutions has revived and that they are working to strengthen the regulatory framework.
SEC Commissioner Hester Peirce Hester Peirce emphasized that crypto regulations should be carried out through an open and participatory process, and stated that the crypto working group has begun to determine the limits of its authority.
Shares Rise 19% as Metaplanet Increases Bitcoin Purchases
Japanese investment company Metaplanet took advantage of the Bitcoin decline to purchase another 497 BTC, and its shares gained 19% after this move. The company, which made its second purchase this week, increased its Bitcoin assets to 2,888 BTC with an investment of $ 43.9 million and announced the average purchase price as $ 84,240. Despite Bitcoin falling 8.5% in the last two weeks and Trump’s new taxes causing anxiety in the markets, Metaplanet continues to follow a long-term accumulation strategy.
The company has reportedly purchased 794.5 BTC since the beginning of 2025 and earned $ 66 million from these investments. Metaplanet aims to accumulate 21,000 BTC by 2026 and is currently the largest institutional Bitcoin holder in Asia and the 12th largest in the world.
Ripple Donates $50 Million to Establish National Crypto Asset Association
Ripple is supporting the initiative to establish the National Crypto Asset Association (NCA) to advance crypto education in the United States. The NCA is positioned as an independent organization with no political affiliation and its primary goal is to provide educational resources and raise public awareness about crypto. Ripple has pledged $50 million to support the initiative, with the fund aiming to increase crypto literacy and promote safe adoption across the country.
Ripple CEO Brad Garlinghouse stated that the NCA will operate independently. A survey revealed that crypto users in the United States are eager to learn more about digital assets. According to the survey results, 81% of respondents have a strong interest in learning about the future of the crypto industry.
Russia Examines Controlled Crypto Trading for Wealthy Investors
The Russian Ministry of Finance and the Central Bank aim to develop a controlled crypto trading framework for high-net-worth investors. The relevant authorities are exploring an experimental project that would allow certain organizations and individuals with assets of more than 24 million rubles (about $250,000) to trade digital assets. The head of the Financial Policy Department of the Ministry of Finance, Alexei Yakovlev, said that this initiative will introduce regulations to ensure safe crypto trading.
Emphasizing that the project is in the development stage, Yakovlev expressed the need to integrate crypto trading into a broad legal framework.
Ethereum Developers Find Urgent Fix for Petra Update Bug
Petra, Ethereum’s biggest update since the proof-of-stake transition, has been fixed by developers after bugs were encountered on the Sepolia testnet. The update was rolled out to Sepolia on March 5, and the issues were resolved, according to Tim Beiko, Protocol Support Lead at the Ethereum Foundation. The bug was related to Sepolia’s private storage contract, which separated the transaction transfer and storage transactions and split the data instead of combining them into a single blockchain message. Beiko stated that Ethereum developers fixed this issue within six hours after Petra was deployed on the testnet.
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BITCOIN (BTC)
BTC is priced at $ 91,600 as of the morning hours with a 1.13% increase in value. Closing yesterday with a 3.7% increase, BTC is starting the new day positively and is moving in the intermediate resistance area. If the positive trend continues, it can be expected to test the $ 92,549 level first. If this level is exceeded and maintained above, the $ 94,604 and then the $ 96,650 levels can be met as the next resistance levels. In the event of a possible negative trend, $ 90,927 is the first intermediate support position. If this level is broken, $ 89,248 appears to be the main support. If the possible selling pressure deepens, a pullback to the 86.673 and 84.683 levels may be seen.
ETHEREUM (ETH)
ETH is priced at $ 2,280 as of the morning hours with a 1.85% increase in value. ETH, which closed yesterday with a 3.2% increase, seems to have broken the $ 2,265 resistance in the morning hours. If it stays above this level, the rise may continue at $ 2,355, and then $ 2,433 as intermediate resistance. The level where selling pressure may be intense is $ 2,553. In case of a possible negative trend, if it cannot hold on to the $ 2,265 level, a decline to the 2,153 – 2,075 support zone may be possible. This zone appears to be the area where buyers are concentrated.
RIPPLE (XRP)
XRP is priced at $ 2.51 as of the morning hours with a 0.42% gain in value. XRP, which is showing a horizontal positive movement, tested the resistance at $ 2.55 in the morning hours, but seems to have been rejected for now. In order for the positive trend to continue, it will be important to first break the $ 2.55 resistance and maintain its permanence above it. Then, the $ 2.63 and $ 2.71 levels can be targeted in the continuation of the rise. In case of a possible negative trend, $ 2.46 is our first support level, if this level is broken, $ 2.41 and $ 2.37 levels can be expected to work as support.
AVALANCHE (AVAX)
AVAX is trading at $ 22.38 levels with a 3.04% increase as of the morning hours. Closing yesterday with an 8.65% increase, AVAX started the new day positively and is moving in the intermediate resistance area. If the positive trend continues, the $ 22.92 level may first be met as the critical resistance. If this level is broken and maintained above, the 23.63 level and then the 24.49 levels may work as the next resistance levels. In case of a possible negative trend, 21.83 is an important support level. If this level is broken, 21.03 and 20.32 dollars appear as support levels.
SOLANA (SOL)
SOL is priced at $ 148.70 as of the morning hours with a 1.65% loss in value. SOL, which is active with small increases, seems to have broken the resistance at $ 147.06 in the morning hours. If it stays above this level, 150.94, then 155.25 levels may work as resistance. Above, there is a resistance of $ 160.80. In a possible negative movement, if it cannot hold on to the 147.06 support, 139.58 and then the $ 135.47 level, which is the region where buyers are concentrated, can be expected to work as support.
