empty
05.03.2025 09:32 AM
Bitcoin and Ethereum Remain Under Pressure

Although the cryptocurrency market has stabilized after Monday's sell-off, it is still too early to dismiss sellers.

In Washington and the crypto market, many questions arise about how exactly the Trump administration plans to implement the president's initiative to create a strategic cryptocurrency reserve. Discussions surrounding this reserve were the primary driver behind the recent surge in the crypto market.

Following Trump's statements, one thing became clear: the U.S. must acquire three tokens to include in the reserve, meaning Bitcoin alone will not be sufficient. This has triggered an adverse reaction among supporters and critics of the idea that the government should invest in digital assets.

This image is no longer relevant

Last year, when Trump first announced plans for a Bitcoin reserve, he stated that it would be based on cryptocurrency already owned by the government—mainly assets confiscated in criminal cases. Currently, the U.S. holds around $16.4 billion worth of Bitcoin and about $400 million worth of seven other tokens. However, none of the cryptocurrencies known as XRP, SOL, and ADA—which Trump mentioned on Sunday as assets he wants to include in the reserve—are currently stored in government-controlled wallets.

Aside from the $16 billion worth of Bitcoin, the U.S. also holds small amounts of ETH and other tokens. However, experts say none of the three additional tokens are suitable for a strategic reserve.

This suggests that the strategic reserve's ambitions extend beyond simply maintaining federal assets and could also involve taxpayer-funded purchases or acquisitions financed by other government assets, sparking criticism within the crypto community.

This explains why the value of the cryptocurrency tokens Trump wants to include in the reserve has dropped sharply recently, wiping out most of the short-term gains that followed his initial announcements.

This highlights the complexity of the U.S. strategic reserve plan and the market manipulations by major players, which often lead to losses for speculators rather than profits.

This image is no longer relevant

Bitcoin Technical Outlook

Buyers are aiming for a return to the $87,800 level, which would open a direct path to $89,900, bringing BTC within reach of $91,300. The ultimate target would be the $93,000 resistance zone, a breakout above which would signal a return to a medium-term bull market.

Buyers are expected to step in at $85,600 in the event of a Bitcoin decline. If BTC drops below this level, a rapid fall toward $83,500 could follow. The final downside target would be the $81,400 area.

This image is no longer relevant

Ethereum Technical Outlook

A confirmed breakout above $2,222 would clear the way for ETH to reach $2,299. The ultimate target is the annual high of $2,395. Surpassing this level would signal a return to a medium-term bull market.

If Ethereum declines, buyers are expected to enter at $2,138. A drop below this area could send ETH quickly toward $2,055, with the final downside target at $1,974.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading tips on crypto market on March 27 (North American session)

Bitcoin didn't show anything interesting in the first half of the day. Only Ethereum could be traded a bit within its sideways channel, in which it is still trapped. Meanwhile

Miroslaw Bawulski 15:16 2025-03-27 UTC+2

US crypto regulation bill moves ahead rapidly

US lawmakers are moving swiftly on legislation aimed at regulating digital assets. Votes on a stablecoin bill and a revised version of the broader cryptocurrency market structure bill are expected

Jakub Novak 10:52 2025-03-27 UTC+2

BTC/USD Analysis. March 27th. Bitcoin lacks growth potential

The wave structure on the 4-hour chart of BTC/USD is quite clear. After completing a bullish trend composed of five full waves, a corrective downward phase has begun, currently taking

Chin Zhao 08:31 2025-03-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 27

Bitcoin and Ethereum are facing challenges in maintaining their upward momentum. However, this appears to be more of a reaction to Donald Trump's latest political statements—which have

Miroslaw Bawulski 08:06 2025-03-27 UTC+2

Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Thursday March 27, 2025.

By successfully breaking below the lower line of the Rising Wedge channel of the Filecoin cryptocurrency on its 4-hour chart and its price movement is now stuck

Arief Makmur 06:55 2025-03-27 UTC+2

Technical Analysis of Intraday Price Movement of Ethereum Cryptocurrency, Thursday March 27, 2025.

If in the next few days there is no significant strengthening, especially if it breaks through and closes above the level of 2549.05 on the daily chart of the Ethereum

Arief Makmur 06:36 2025-03-27 UTC+2

Bitcoin hovering before spike above $90,000

While you're mulling over whether to buy Bitcoin or not, the world's largest asset management leader, BlackRock, is actively increasing its ETH holdings for its tokenized fund, BUIDL. This move

Jakub Novak 09:39 2025-03-26 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 26

Bitcoin and Ethereum continue to show active growth but face challenges in overcoming major resistance levels. Yesterday, Bitcoin pulled back after reaching $88,400 and is currently trading around $87,600. Ethereum

Miroslaw Bawulski 08:22 2025-03-26 UTC+2

Why Bitcoin's fall not over yet

Despite the recent growth of the cryptocurrency market, larger upward prospects and a return of Bitcoin to the $100,000 mark remain unrealistic for now. This is evidenced by data from

Jakub Novak 10:00 2025-03-25 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 25

Bitcoin and Ethereum have reached significant levels but failed to hold them. Bitcoin climbed to $88,600 before pulling back and now trades around $86,600. Ethereum also corrected after another failed

Miroslaw Bawulski 08:26 2025-03-25 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.