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Bitcoin‘s daily chart scrutiny unveils a prolonged uptrend birthed in late 2024, peaking near $109,356 per BTC before retreating. The $85,000–$90,000 band now functions as a gravitational anchor, aligning with recent recovery patterns. Overhead friction lingers at $100,000–$109,000, where historic rallies stalled. Volume dissection reveals amplified sell-offs during declines, followed by cautious accumulation, illustrating investor circumspection. A protracted equilibrium within this range might reignite attempts to probe loftier resistance frontiers. BTC/USD 1D chart via Bitstamp on March 5, 2025. On the 4-hour chart, bitcoin has rallied from a trough of $78,197, stabilizing near $90,000. The $85,000 level emerges as a linchpin, while the $92,000–$95,000 zone solidifies as a springboard for bullish ambition. Though buying activity escalates, skepticism simmers as traders debate bitcoin’s capacity to anchor above $90,000. A forceful breach of resistance could unlock fresh upside vistas, while slippage below $88,000 risks revisiting deeper support trenches. BTC/USD 4H chart via Bitstamp on March 5, 2025. The 1-hour chart flaunts a fleeting bullish charge, propelling bitcoin prices toward $90,000. Immediate resistance looms at $94,000–$95,000, a zone of prior rejection. The $88,000 support remains pivotal for sustaining momentum. Reclaiming $94,000 per BTC might catalyze a sprint toward $95,000 and beyond, whereas faltering below $88,000 could unravel gains, testing sturdier downside buffers. BTC/USD 1H chart via Bitstamp on March 5, 2025. The daily chart’s oscillators telegraph neutrality: the relative strength index (RSI) at 46, alongside the Stochastic, commodity channel index (CCI), and awesome oscillator, reflect equipoise. The momentum indicator’s -6,137 reading flashes a bullish signal, while the moving average convergence divergence (MACD) at -2,711 whispers of residual bearish tension. Moving averages (MAs) diverge: short-term gauges like the exponential moving average (EMA 10) at $89,207 and simple moving average (SMA 10) at $87,699 tilt bullish, while extended-period EMAs and SMAs (20 to 100) lean bearish, reinforcing resistance ceilings. Fibonacci retracement levels delineate pivotal thresholds. The 38.2% marker at $90,069 serves as a fulcrum, with sturdier support at the 50% ($84,111) and 61.8% ($78,153) tiers. A decisive leap above $92,500 could ignite a rally toward the 23.6% retracement at $97,440, while a slump below $85,000 might rekindle downward momentum. In this stalemate, bitcoin’s trajectory hinges on either consolidating support for renewed ascension or capitulating to bearish forces eyeing lower Fibonacci footholds. Bitcoin’s ability to sustain levels above $88,000, coupled with buying signals from short-term moving averages, suggests a potential breakout toward $95,000 and beyond. If bullish momentum continues and volume supports an upward move, a retest of the $100,000 resistance zone could be imminent, reinforcing a long-term uptrend continuation. Despite recent stability, bitcoin faces strong resistance in the $92,000–$95,000 range, while longer-term moving averages and the moving average convergence divergence (MACD) indicate lingering selling pressure. If bitcoin fails to hold $88,000, a retest of $85,000 or even the 61.8% Fibonacci retracement at $78,153 could be in play, signaling a deeper correction before any potential recovery. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

Samson Mow, CEO of JAN3 and a well-known bitcoin advocate, stated his doubts about the U.S. strategic bitcoin and cryptocurrency reserve through his X platform updates. Mow raised issues with the possibility that such a reserve could be formed by unilateral decisions and indicated that such a reserve would require a formal process all the way from legislative approval. He questioned: “Can Trump actually just dictate what things going into a reserve? I don’t think so. There will need to be a report/proposal from the working group and then Congress will need to pass legislation.” Mow Questions Altcoin Inclusion in U.S. Crypto Reserve Mow also doubted the inclusion of altcoins such as XRP, Solana (SOL), Cardano (ADA) or Ethereum (ETH) that Trump had previously included. He also said that the announcement may not be a definite policy directive, but something politically driven. Mow speculated the post could have been a political or financial play, as opposed to some kind of serious policy directive. He also claimed that the post could also have helped the interests of some traders or lobbyists, saying: The post could have also been useful for lobbyists and donors of Cardano or Ripple. There is a reason to pump those coins now, especially, because once a real report comes out with a list of coins or whatever criteria, it’s too late. Unregulated Crypto Reserve Could Harm U.S., Mow Warns Mow also warned of wider consequences of allowing a president to unilaterally pick what digital assets should be in a national reserve, beyond market speculation. He warned: “If Trump can somehow just unilaterally pick random shitcoins to put into a national reserve, well, that is just very bad for the U.S. Things stop making sense. It’s now a free-for-all.” Mow suggested that the reserve assets selection be more determined through proof of work cryptocurrencies with proven track records. At the same time, Bitcoin would not be the only items in the reserve, as Litecoin, Monero could become part of it because of the established proof of work and long-term stability of the operation of such coins, he added. Dogecoin’s Role in U.S. Crypto Reserve Sparks Debate More specifically, Samson suggested that Dogecoin might be adopted by the reserve as his influence over Trump’s administration is great. Mow highlighted the requirement for a well thought out approach to setting up a domestic crypto reserve. He warned that if the reserve is to become a speculative tool instead of a sound financial strategy, “preach prepare to accelerate into degeneracy like never before.” Mow’s remarks continue the debate around whether or not the U.S. should hold crypto reserves. It remains to be seen whether the proposal becomes a structured policy or only remains a speculative one. Conclusion Mow recommends that the United States should develop organized plans for its crypto reserve system. Unclear rules let powerful figures and traders weaken support for the crypto reserve’s role. He wanted political leaders to make choices that create stable proven assets for a longer run instead of creating a market that focuses on short-term trading. Stay tuned to The BIT Journal and keep an eye on Crypto’s updates. Follow us on Twitter and LinkedIn, and join our Telegram channel to be instantly informed about breaking news! FAQs 1. Why does Mow oppose Trump’s crypto reserve? He argues it needs a formal process, not unilateral decisions, and may be politically motivated. 2. What market risks did Mow highlight? He warned Trump’s announcement could benefit traders or lobbyists, artificially pumping certain altcoins. 3. Which cryptocurrencies does Mow support for the reserve? He favors proof-of-work coins like Bitcoin, Litecoin, and Monero for their stability. 4. What’s the risk of including altcoins? Mow warned it could turn the reserve into a speculative tool, destabilizing the market. Glossary of Key Terms Strategic Crypto Reserve – Proposed U.S. government-held crypto reserve. Proof-of-Work (PoW) – Mining method used by Bitcoin. Market Manipulation – Artificially influencing asset prices. Exit Liquidity – Buyers enabling large sell-offs. Merged Mining – Mining multiple coins simultaneously. Shitcoin – Crypto with little to no value. Reference Twitter

On March 3, NYSE Arca submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC), seeking approval to list and trade the Bitwise Dogecoin ETF, the largest meme coin by market cap. This move follows Bitwise’s S-1 registration filing with the SEC in late January, a significant step for the firm, which manages over $12 billion in client assets. The filing also comes shortly after a similar submission by Rex Shares, highlighting the growing interest in Dogecoin-based investment products. According to the SEC filing, the Bitwise Dogecoin ETF is designed to track the price of DOGE, allowing investors to gain exposure without directly holding or managing the asset. To ensure security, Coinbase Custody will serve as the official custodian, safeguarding the ETF’s Dogecoin holdings. Meanwhile, Bank of New York Mellon (BNY Mellon) will handle cash holdings, administration, and record-keeping functions. The ETF’s Net Asset Value (NAV) will be calculated daily using the CF Dogecoin-Dollar Settlement Price, ensuring it accurately reflects DOGE’s real-time market value. Structured as a Delaware statutory trust, the fund will be managed with Bitwise as the official sponsor. Additionally, the ETF will operate on a cash-based transaction model, meaning investors cannot deposit or withdraw Dogecoin directly; all purchases and redemptions will be settled in cash. The SEC’s review process for crypto ETFs typically unfolds in several stages. Once a 19b-4 filing is submitted, the commission has up to 240 days to approve, reject, or delay its decision. This follows a similar path to the Grayscale Dogecoin Trust , which was officially acknowledged by the SEC on February 13. This means the decision timeline is already in motion, and a final ruling on Bitwise’s DOGE ETF could arrive by mid-October 2025. The Dogecoin ETF filings have sparked excitement among investors, but DOGE’s price has not reacted positively in the short term. The cryptocurrency has seen an 11.71% drop in the last 24 hours, trading at $0.1939, reflecting broader market volatility and reduced trading activity. Over the past week, DOGE has slipped 2.80%, while its trading volume has dropped by 33.78%, settling at $2.67 billion. During Gary Gensler’s tenure as the SEC chair, the idea of a Dogecoin ETF would have seemed impossible to most asset managers. However, with pro-crypto policies gaining traction, regulatory attitudes appear to be shifting, making approval a real possibility. Despite the current downturn, CoinCodex predicts that Dogecoin’s price could surge by 235.91%, potentially reaching $0.6545 by April 3. While ETF approval could serve as a catalyst, the meme coin’s price history suggests that speculation, social media hype, and market conditions will all play a role in determining its future trajectory.

Hut 8 Corp., a bitcoin mining and digital infrastructure company, has strengthened its bitcoin strategy with a $125 million strategic ASIC miner partnership with Bitmain Technology. According to its 2024 full-year financials, Hut 8 generated $80.7 million in revenue from bitcoin mining and cloud services, solidifying its role in the crypto industry. The company expanded its self-mining hashrate to 10.3 EH/s and plans to increase it further to 25.1 EH/s upon executing its Bitmain purchase option. “In 2024, we delivered on our commitment to operational excellence and bottom-line economics. We fortified our capital strategy and balance sheet, converting our anchorage loan to equity, launching ATM and stock repurchase programs, and expanding our strategic bitcoin reserve. Today, we operate from a position of strength as we focus on advancing our 12.3-gigawatt development pipeline,” said Asher Genoot, CEO of Hut 8. The company also launched Highrise AI, Inc., a GPU-as-a-service subsidiary, positioning itself to meet the rising demand for AI-focused computing infrastructure. Additionally, Hut8 deployed a custom liquid-cooled ASIC mining system at its Vega data center, bridging the gap between bitcoin mining and traditional high-performance computing. With 10,171 BTC in reserves at an approximate market value of $949.5 million, Hut 8 continues to strengthen its balance sheet and expand into next-generation digital infrastructure. As the company scales operations, it aims to play a pivotal role in both the bitcoin and AI-powered compute sectors. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

Crypto analysts suggest that the XRP price is nearing a breakout zone following an influx of institutional investors. The next point for the asset is the $2.77 mark, leading to higher price action. Recently, digital asset whales picked up huge holdings after the approval of spot XRP ETF in Brazil amid calls for similar action in the United States. While most assets remain bearish, the XRP Army maintains above-average confidence levels of a reversal. Will XRP Price Move To $5? Recent market headwinds have placed XRP at a critical point after failing to break the resistance. According to crypto enthusiast Dark Defender, the $2.6 zone will play a major role in determining if the asset enters the next phase of price recovery. This month, XRP price reclaimed the zone after a drop from $3 due to the wider market decline. The fall tumbled previous projections, pushing down support levels. At press time, XRP trades at $2.35, an 18.2% decline today and 8% over the last seven days. For the analyst, holders’ efforts to retest the $2.6 level will set the tone for more bullish traction. The Relative Strength Index and other technical indicators indicate a growing demand for XRP among institutional wallets. These factors have led to a bull range above $5 for the asset. “Hi all. #XRP reached another decision point where $2.6052 plays a crucial role. Above this level and significantly above $2.77, the 2nd leg of the bullish weekly structure is expected to continue. RSI and price have higher lows, so we can expect a positive break. The key is to monitor the $2.60 level, where XRP is just under this level. Supports: $2.33, Resistances: $2.60, $2.85, $5.85.” Traders Tip Larger Movements Generally traders set $5 as the bull peak for XRP although mega bulls have set a long-term price target above $60 citing a growing demand in multiple markets. In an X post, EGRAG Crypto explained that a bullish scenario will end in a price action as high as $67. Major signals to look out for are the anticipated approval and performance of spot XRP ETFs in the United States. Often compared with Bitcoin products, an XRP ETF might replicate similar success due to growing institutional appetite. Whales continue to accumulate assets after peaking on the cards.