FxPro chief market analyst Alex Kuptsikevich noted that the crypto market cap is approaching its 50-day moving average but still holding above it, which he called “a bullish sign.”

The market “must make an early decision,” he said, “either break through the uptrend line from early February or confirm the 50-day MA as support and break the downtrend.”

The institutional data beneath the price action tells a different story from the daily selloff.

Bitcoin ETFs have attracted $2.5 billion over the past month, according to Bloomberg, offsetting nearly all the outflows that had been ongoing since January. BlackRock’s bitcoin ETF has ranked among the top 2% of all ETFs by inflows year-to-date. Net bitcoin outflows from exchanges last month signaled a shift toward accumulation, with investors buying coins and withdrawing them to self-custody.

BlackRock itself offered a notable framing this week, saying that large investors are concentrating in bitcoin and ether while shunning the broader altcoin market.

The 10-day extension on the Iran deadline pushes the next binary event to early April.

More For You

16x9 Image Stablecoin Landscape Series

As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.

Why it matters:

Stablecoins are entering their third phase of evolution – the institutionalization era – becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all.

More For You

Tether CEO Paolo Ardoino at White House

FT identifies KPMG as auditor as stablecoin giant eyes fundraising and expansion under new U.S. rules

What to know:

  • Tether has selected KPMG to conduct a full audit of its $185 billion USDT stablecoin reserves and hired PwC to help prepare its internal systems, according to FT.
  • The move toward a comprehensive financial statement audit comes as Tether plans a U.S. expansion and seeks to raise up to $20…

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Stories