Bitcoin, ether bounce is running low on fuel: Crypto Daybook Americas | Crypto Regulation News
Crypto regulation news: Bitcoin, ether bounce is running low on fuel: Crypto Daybook Americas. This update explains what changed, why it matters for the crypto market, and what investors, exchanges, and blockchain companies should watch next.
Crypto Regulation Update
By Omkar Godbole (All times ET unless indicated otherwise)The crypto market started the week on a positive note, but further gains may be limited as signs of fresh capital inflows remain weak.Ether (ETH) and solana (SOL) prices have risen over 3% since midnight UTC, with BTC up nearly 2% and XRP lagging at 1.5%. The CoinDesk 20 Index has gained 2% to 1,941 points.The demand side, however, appears weak. The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs) registered a net outflow of $296.18 million, snapping a four-week streak of inflows, according to data source SoSoValue. Ether ETFs bled over $200 million. These funds are seen as a proxy for institutional appetite for cryptocurrency.The other route through which capital flows into the digital asset market is stablecoins, or tokenized versions of fiat currencies such as the dollar, and that is also flashing a red signal.The growth in the market cap of Tether’s USDT, the world’s largest dollar-pegged stablecoin, has stalled at around $184 billion over the past two weeks. The market cap of Circle Internet’s (CRCL) USDC, the second-largest, has declined nearly 1.5% to $77.77 billion.”Last week, Stablecoins experienced a $-1.1 billion decrease, a negative signal, compared to previous minting, which is in the 2nd percentile. During the last 30 days, a total of $0.8 billion was minted,” Markus Thielen, founder of 10x Research, said in a note to clients Monday.Veteran chart analyst Peter Brandt said bitcoin’s current price action aligns with classic technical analysis patterns, and prices could fall to as low as $49,000. Options show a bias for put options across all time frames, a sign of lingering downside fears among traders.Still, a sudden shift in sentiment, perhaps triggered by a potential U.S.-led ceasefire in the Iran conflict, could spark a rally in bitcoin and other risk assets. However, the BTC price would need to establish a firm foothold above $75,000 to signal a full bullish reversal. Stay alert!Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets TodayWhat to WatchFor a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.CryptoMacroEarnings (Estimates based on FactSet data)March 30: Nano Labs (NA), pre-marketToken EventsFor a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.Governance votes & callsUnlocksToken LaunchesMarch 30: BASED token generation event to occur.ConferencesFor a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.Market MovementsBTC is up 1.48% from 4 p.m. ET Sunday at $67,388.07 (24hrs: +1.41%)ETH is up 2.78% at $2,051.71 (24hrs: +2.87%)CoinDesk 20 is up 2.05% at 1,940.98 (24hrs: +1.61%)Ether CESR Composite Staking Rate is down 6 bps at 2.70%BTC funding rate is at 0.0007% (0.7939% annualized) on BinanceDXY is up 0.23% at 100.09Gold futures are up 1.55% at $4,561.70Silver futures are up 2.38% at $71.20Nikkei 225 closed down 2.79% at 51,885.85Hang Seng closed down 0.81% at 24,750.79FTSE 100 is up 0.54% at 10,021.13Euro Stoxx 50 is unchanged at 5,501.70DJIA closed on Friday down 1.73% at 45,166.64S&P 500 closed down 1.67% at 6,368.85Nasdaq Composite closed down 2.15% at 20,948.36S&P/TSX Composite closed up 0.23% at 31,960.70S&P 40 Latin America closed down 0.75% at 3,473.97U.S. 10-Year Treasury rate is up 2 bps at 4.44%E-mini S&P 500 futures are up 0.35% at 6,435.00E-mini Nasdaq-100 futures are up 0.28% at 23,394.00E-mini Dow Jones Industrial Average futures are up 0.31% at 45,566.00Bitcoin StatsBTC Dominance: 58.52% (0.21%)Ether-bitcoin ratio: 0.03048 (1.36%)Hashrate (seven-day moving average): 1,018 EH/sHashprice (spot): $31.84Total fees: 1.63 BTC / $108,730CME Futures Open Interest: 121,295 BTCBTC priced in gold: 14.9 oz.BTC vs gold market cap: 4.49%Technical AnalysisNVDA’s price has crossed below the bull market trendline support. (TradingView)The chart shows weekly price swings in Nvidia (NVDA) in candlestick format. Prices have dropped 7% over the past two weeks, breaking out of a trendline that characterized the bullish trend from late 2022 lows. This breakdown suggests weakening momentum and raises the risk of a deeper correction. NVDA is the bellwether of all things AI and has had a positive correlation with bitcoin in the past. Crypto EquitiesCoinbase Global (COIN): closed on Friday at $161.14 (–7.06%), +2.38% at $164.98 in pre-marketGalaxy Digital (GLXY): closed at $18.00 (–8.21%), +2.78% at $18.50MARA Holdings (MARA): closed at $8.02 (–6.53%), +2.00% at $8.18Riot Platforms (RIOT): closed at $12.80 (–8.60%), +2.19% at $13.08Core Scientific (CORZ): closed at $15.07 (–4.56%), +1.53% at $15.30CleanSpark (CLSK): closed at $8.66 (–6.88%), +3.58% at $8.97Exodus Movement (EXOD): closed at $6.48 (–5.40%), –3.40% at $6.26CoinShares Bitcoin Mining ETF (WGMI): closed at $35.19 (–5.10%), +2.87% at $36.20Circle Internet Group (CRCL): closed at $93.66 (–4.69%), +2.28% at $95.80Bullish (BLSH): closed at $34.43 (–5.52%), +0.78% at $34.70Crypto Treasury CompaniesStrategy (MSTR): closed at $126.03 (–5.19%), +1.88% at $128.40Strive Asset Management (ASST): closed at $9.85 (–5.33%), –0.25% at $9.83Sharplink (SBET): closed at $6.04 (–7.50%), +3.57% at $6.26Upexi (UPXI): closed at $1.00 (–6.54%), +2.00% at $1.02Lite Strategy (LITS): closed at $1.10 (–5.17%)ETF FlowsSpot BTC ETFsDaily net flows: -$225.5 millionCumulative net flows: $55.91 billionTotal BTC holdings ~1.29 millionSpot ETH ETFsDaily net flows: -$48.5 millionCumulative net flows: $11.55 billionTotal ETH holdings ~5.71 millionSource: Farside InvestorsWhile You Were Sleeping
Why This Crypto Regulation News Matters
First, this development may affect exchanges, token listings, stablecoins, compliance rules, and market sentiment. In addition, it may influence licensing, reporting requirements, and future enforcement actions. As a result, traders and investors should watch the next legal and policy steps closely.
What to Watch Next
Watch for follow-up statements from regulators, court filings, exchange responses, and policy updates. In particular, any new guidance on licensing, enforcement, or stablecoin rules could have a direct impact on the broader crypto market.
