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- Bitcoin’s $76.7K Likely the Bottom | Crypto Alpha Week 11 of 2025
Bitcoin’s $76.7K Likely the Bottom | Crypto Alpha Week 11 of 2025
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TL;DR
Congress Pushes 1M BTC Reserve
Bitcoin’s $76.7K Likely the Bottom
Deutsche Boerse to Launch BTC and ETH Custody
Starknet to Unify Bitcoin and Ethereum
Solana CME Futures Signal ETF Approvals
Cboe BZX Files Solana ETF Application
Akash Network Completes Mainnet 13 Upgrade
Injective Launches Onchain Tech Stock Index
VanEck Registers Avalanche ETF
Presto Boosts Avalanche Liquidity in Asia
Ripple Secures Dubai License for Crypto Payments
Russia Allows Limited Crypto Trading
And much more!
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Bitcoin Highlights of the Week
Senator Cynthia Lummis has reintroduced the BITCOIN Act, aiming to establish a U.S. strategic Bitcoin reserve by acquiring 1 million BTC over five years. The bill has bipartisan support, reflecting a broader effort to integrate cryptocurrency into national financial strategy.
The proposal aligns with the Trump administration’s plans, emphasizing Bitcoin’s role in economic sovereignty amid rising national debt concerns. This initiative could significantly impact Bitcoin’s market dynamics, fueling speculation about institutional adoption. While the bill’s passage remains uncertain, its reintroduction signals growing government interest in Bitcoin as a strategic asset.
StarkWare has introduced a 'Strategic Bitcoin Reserve,' reinforcing its role in bridging Bitcoin and Ethereum. The reserve will hold BTC in its treasury while integrating Bitcoin assets into Starknet’s ecosystem. Xverse, a Bitcoin wallet, is joining Starknet to enable BTC transactions, while 'BTCFi Season' will introduce Bitcoin holders to DeFi opportunities.
This initiative strengthens StarkWare’s position as a Bitcoin-standard company, expanding BTC’s role in decentralized finance. By integrating Bitcoin into Starknet, the company aims to drive broader adoption and create new financial applications leveraging both BTC and Ethereum networks.
Michael Saylor presented an $81 trillion Bitcoin strategy at the White House, advocating for BTC as a national asset. His plan proposes U.S. acquisitions of up to 25% of Bitcoin’s supply by 2035 to strengthen the dollar and reduce debt. The proposal aligns with Trump’s executive order converting $17 billion in seized BTC into a strategic reserve.
Saylor envisions Bitcoin as the foundation of a digital financial system, projecting BTC at $15 million per coin. While some expected more aggressive policies, Saylor insists this strategy could cement U.S. dominance in the digital economy.
REX Shares has introduced the Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), offering investors exposure to companies using Bitcoin as a treasury asset. The ETF invests in convertible bonds from firms like MicroStrategy, MARA, and Metaplanet, enabling broader access to Bitcoin-backed corporate debt.
CEO Greg King highlights that BMAX simplifies institutional strategies pioneered by Michael Saylor. With state pension funds already holding MicroStrategy stock, the ETF provides indirect BTC exposure without self-custody risks. MicroStrategy remains a dominant BTC holder, with 499,096 BTC worth over $41.4 billion, continuing its aggressive Bitcoin accumulation strategy.
Bitcoin’s decline to $76,700 may signal a market bottom, supported by key indicators. A 30% correction aligns with historical trends, not a bear market. BTC derivatives remain stable, avoiding excessive shorting. The weakening U.S. dollar supports Bitcoin’s recovery, maintaining its risk-on appeal.
Economic concerns, including a potential U.S. government shutdown and real estate distress, could drive capital into BTC. With no major signs of investors fleeing to cash, Bitcoin appears poised for a rebound, potentially reclaiming $90,000.
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Ethereum Highlights of the Week
Spain’s BBVA has received regulatory approval to offer Bitcoin and Ethereum trading under the EU’s MiCA framework. This marks the end of a multi-year effort, with BBVA initially considering Switzerland for its crypto services due to clearer regulations. In January, it launched trading in Turkey.
BBVA joins Deutsche Bank and Société Générale in integrating digital assets. With MiCA now in effect, European banks are increasingly adopting crypto, signaling growing institutional interest. This approval positions BBVA as a key player in the evolving financial landscape, bridging traditional banking with the expanding crypto economy.
Ethereum developers have introduced the Hoodi testnet to ensure a smooth rollout of the Pectra upgrade, expected on mainnet by April 25. Pectra aims to improve scalability, lower transaction fees, expand staking capacity, and enable flexible gas fee payments. This follows issues with earlier testnets, Holesky and Sepolia, which faced technical setbacks.
Hoodi serves as a final test before deployment, addressing prior challenges and refining the upgrade’s implementation. If testing proceeds without major issues, Pectra could significantly enhance Ethereum’s efficiency and usability, marking a key milestone in its ongoing development.
Deutsche Boerse’s Clearstream will launch Bitcoin (BTC) and Ether (ETH) custody and settlement services for institutional clients in April 2025. The services, provided through Swiss subsidiary Crypto Finance AG, will later expand to staking, lending, and brokerage. This move aligns with Europe’s Markets in Crypto-Assets Regulation (MiCA), which took full effect in December 2024.
The expansion reflects growing institutional demand for regulated digital asset infrastructure. Meanwhile, concerns remain over MiCA’s potential overreach, with some experts warning of stricter compliance burdens for retail investors and possible regulatory-driven exits of crypto firms from Europe to more lenient jurisdictions.
A crypto whale lost $308 million after their 50x leveraged Ether (ETH) position was liquidated at $1,877. The trader had converted all Bitcoin holdings into ETH before the loss. Market volatility, fueled by global trade war concerns, contributed to the liquidation.
Ether has declined over 53% since December 2024 due to macroeconomic uncertainty and decreased developer activity on Ethereum. Analysts highlight $1,800 as a key support level. Meanwhile, US spot ETH ETFs have faced four consecutive weeks of net outflows, limiting upside potential. Broader market fears over tariffs continue to weigh on risk assets, including cryptocurrencies.
Starknet plans to settle on Bitcoin and Ethereum, aiming to make Bitcoin an execution layer with smart contract capabilities. The move could enable staking, lending, and other DeFi applications. StarkWare CEO Eli Ben Sasson highlighted OP_CAT’s role in unlocking Bitcoin programmability.
Starknet is also partnering with Web3 wallet Xverse, set for integration in Q2 2025. Ethereum co-founder Vitalik Buterin supports the initiative, emphasizing Bitcoin’s scalability challenges. The project seeks to enhance Bitcoin’s utility beyond storage, aligning with its original peer-to-peer payment vision while overcoming Lightning Network limitations for seamless asset flow between Bitcoin and Ethereum.
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Solana Highlights of the Week
Solana’s SIMD-228 proposal, which sought to reduce SOL token emissions over time, failed to secure enough validator support. The proposal required a 66.67% majority but received only 61.4%, with 43.6% voting ‘yes’ and 27.4% ‘no.’ As a result, Solana’s token issuance will remain unchanged.
The vote, concluding in Epoch 755, highlights challenges in achieving sufficient validator participation for governance changes. The failure of SIMD-228 means the network’s current inflation schedule will persist, reflecting broader difficulties in implementing economic adjustments through decentralized decision-making.
Solana (SOL) futures launching on the Chicago Mercantile Exchange (CME) on March 17 indicate imminent US ETF approvals, according to Titan’s Chris Chung. He expects the SEC to approve VanEck and Canary Capital’s Solana ETFs by May. Regulated futures legitimize Solana as an asset, enhancing its investment appeal.
These ETFs could attract institutional capital, shifting focus from memecoins to real-world applications like payments. Solana’s trading volume rivals Ethereum’s, and its SOL token has outperformed ETH in 2024. Bloomberg Intelligence estimates a 70% chance of SEC approval for Solana and Litecoin ETFs.
Cboe BZX has filed a Solana (SOL) ETF application on behalf of Franklin Templeton, proposing the fund stake SOL for additional rewards. The SEC delayed decisions on several altcoin ETFs, including Solana, Litecoin, Dogecoin, and XRP, with final rulings expected by October 2025.
Former SEC Chair Gensler’s resignation in January spurred increased crypto ETF filings. Bloomberg analyst James Seyffart sees a high likelihood of approval. Franklin Templeton CEO Jenny Johnson anticipates blockchain integration into traditional finance, reinforcing expectations of a more favorable regulatory environment under the Trump administration.
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