Macro Overview
- US Consumer Price Index Shows Moderating Inflation: The Consumer Price Index came in line with expectations, making it neutral to slightly bullish for crypto as it reduces inflation uncertainty and supports stability for assets like Bitcoin.
- U.S. Unemployment Claims: The latest in the came in at 213,000, below the forecast of 214,000 and unchanged from the previous week, signaling a stable labor market. A lower-than-expected jobless claims reading is usually bearish for crypto.
- US GDP Growth Cut to 0.7%, Signaling Economic Slowdown: US Gross Domestic Product growth was revised down to 0.7% in Q4, signaling a slowdown in the economy, which is generally bullish for crypto as weaker growth may increase expectations of rate cuts by the Federal Reserve, supporting assets like Bitcoin.
Crypto Markets Overview
- Market Movement: The crypto market rose about 8.00% this week, pushing total market capitalization to $2.43 trillion. Bitcoin climbed 9.24%, while Ethereum advanced 6.51%, with Bitcoin’s market dominance at 59.38% compared to 10.62% for Ethereum
- Bitcoin Outperforms as Tech Stock Correlation Weakens: Bitcoin has climbed roughly 8.00% this week and over 13% since Middle East tensions intensified, outperforming Gold and broader US equities, while U.S. spot Bitcoin ETFs have drawn about $1.3 billion in March inflows, signaling a potential first month of positive flows since October.
- Bitcoin Whales Resume Accumulation as Price Stabilizes: Bitcoin is trading near $71,000 and strengthening its market dominance as investors increasingly favor BTC over altcoins amid ongoing macroeconomic uncertainty.
- Crypto Market Structure Bill Faces Uncertain Future in 2026: The Digital Asset Market Clarity Act may fail to pass in 2026 if it doesn’t clear a Senate committee by April, as debates over stablecoin rules and regulatory authority continue.
Top Altcoins Update & ETF Updates:
- Bitcoin ETFs Record First 6-Day Inflow Streak of 2026: US Bitcoin ETFs recorded their first five-day streak of net inflows this year, attracting about $944 million as market volatility eased and investor sentiment stabilized.
- BlackRock’s New Yield ETH ETF Pushes Ethereum Past $2000: Ethereum rose above $2,000 as improving sentiment, strong staking activity, and the launch of a yield-paying ETH ETF by BlackRock, alongside steady inflows into Bitcoin ETFs, boosted institutional demand across the crypto market
- XRP Rallies to $1.42 on Rising Network Utility: XRP gained support as XRP Ledger daily transactions surged to 3 million, while Ripple expanded its RLUSD stablecoin on the network, boosting utility amid broader crypto momentum led by Bitcoin.
Geopolitical & Market update
- Donald Trump Urges Naval Coalition to Reopen the Strait of Hormuz: Donald Trump urged allies including China, France, Japan, South Korea, and the UK to send warships to secure the Strait of Hormuz, but the call drew no commitments as oil prices surged amid the ongoing Iran war.
- Trade Talks Resume Between US and China in Paris: Officials from China and the United States began economic and trade talks in Paris, laying the groundwork for an upcoming meeting between Donald Trump and Xi Jinping in Beijing in about two weeks. It seems bullish for crypto as easing geopolitical tensions can support risk assets like Bitcoin.
“Big Picture: Upcoming Weeks Key Economic Events”
| DATE | TIME | EVENT | USUAL EFFECT |
| Mar 18 | 6:00 PM | Producer Price Index (PPI) | If the PPI comes in lower than expected, it is generally bullish for crypto because it signals easing inflation and increases the likelihood of looser monetary policy, which supports risk assets like Bitcoin. |
| Mar 18 | 11:30 PM | FOMC Economic Projections | A rate cut by the Federal Reserve during the FOMC Meeting is generally bullish for crypto, as lower interest rates increase liquidity and encourage investors to move into risk assets like Bitcoin. |
| Mar 19 | 6:00 PM | US Unemployment Claims | Actual greater than Forecast is good for crypto |
Bitcoin Technical Analysis
Summary:
- Sentiment for Bitcoin remains bullish, as the price continues to form higher lows in the short term, indicating sustained upward momentum.
- Bitcoin is trading within a short-term rising channel with positive volume balance, reflecting improving investor sentiment and suggesting potential continuation of the upward trend.
- The Relative Strength Index (RSI) is showing a positive divergence against price – signaling a possible upward reaction.
- Key support is placed around $74,800, followed by a broader base near $79,200. On the upside, resistance stands at $67,300, with a stronger supply zone near $62,600.
- Traders could look for long entries near the key support zones and short positions near resistance, using well-defined risk parameters.
- Profit targets can be planned around the highlighted support and resistance levels, while consistently adhering to disciplined risk management.
Ethereum Technical Analysis
Summary:
- Sentiment for Ethereum remains neutral to bullish, as the price continues to hold the $2,000 psychological level and shows signs of moving higher, although the declining 50-period EMA could limit further upside.
- The 14-period RSI has stabilized and moved above the 50 level, indicating renewed buying momentum in the near term.
- On the downside, initial demand is expected near $1,979, with a more substantial structural floor around $1,790. Conversely, upside recovery attempts are likely to face supply pressure near $2,263, while a broader resistance ceiling stands close to $2,447.
- Traders may consider taking long positions near key support levels and short positions near resistance, while adhering to clear risk management guidelines.
Solana Technical Analysis
Summary:
- The outlook for Solana remains neutral to bullish, supported by its ability to maintain the $80 psychological support, with recent price action hinting at a potential near-term recovery, although the downward-sloping 50-period EMA may act as a cap on further gains.
- Meanwhile, the 14-period RSI has recovered and is now holding above the 50 threshold, reflecting a pickup in buying interest and improving short-term momentum.
- Immediate support levels are observed near $80, followed by a deeper structural support zone around $69. On the upside, significant resistance is positioned near $96, with a stronger supply barrier around $107.
- Traders might target long trades around major support zones and short trades near resistance levels, maintaining disciplined risk controls.
Market Outlook:
- Institutional inflows and selective whale accumulation are supporting the market.
- Technical indicators (RSI, EMAs) suggest cautious optimism with potential near-term upside.
- Geopolitical developments and macro factors remain key risk triggers.
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