Selasa, 04 Maret 2025

The Recap: Market surges but BTC's short-term looks shaky


The crypto week in focus	View in browser

Hey cryptopians,

The crypto space saw major regulatory and market shifts this past week, shaking up investor sentiment. A landmark SEC decision, a major political push for crypto-friendly policies, and dramatic price action all made headlines.

Here's a quick look at the biggest stories:

The U.S. SEC dismissed its lawsuit against Kraken, marking a significant regulatory shift.
A bipartisan Congressional Crypto Caucus formed to push for clearer legislation.
Cardano surged 75% after Trump included it in his Crypto Strategic Reserve plan.
Analysts predict Bitcoin's correction could continue until April due to macroeconomic pressures.

Let's dive into the details.

U.S. Drops SEC Lawsuit Against Kraken

The U.S. SEC has officially dismissed its lawsuit against cryptocurrency exchange Kraken, marking a major win for the industry.

The case was dismissed with prejudice, meaning the SEC cannot refile the same claims.
No penalties or operational changes were imposed on Kraken.

This signals a shift in regulatory approaches, as the SEC also recently dropped cases against Coinbase and Consensys.

Could this be the start of clearer crypto regulations? Investors are cautiously optimistic about what this means for the broader market.

Bipartisan Congressional Crypto Caucus Forms in the U.S.

Republican and Democratic lawmakers have united to push for clearer digital asset regulations.

Led by Rep. Tom Emmer and Rep. Ritchie Torres, the caucus aims to support crypto-friendly legislation.
The Senate Banking Committee is also pushing for stablecoin and market structure laws by April.

With growing support from both sides of the aisle, crypto regulation in the U.S. might finally gain the clarity and structure it needs. The coming months will be crucial in determining how legislative efforts unfold.

Cardano Surges 75% After Trump's Crypto Strategic Reserve Plan

Cardano's price skyrocketed following its inclusion in President Trump's proposed crypto reserve.

ADA rose from $0.64 to $1.13, marking a 75% increase in just days.
Trading volume surged by 1,450%, reaching nearly $10 billion.

As speculation swirls about a potential Cardano ETF approval, all eyes are on ADA's next moves in the market. Traders are watching closely to see if this momentum holds or fades in the coming weeks.

Bitcoin Correction Expected to Continue Until April

Analysts predict that Bitcoin's ongoing correction could last another month.

Matrixport reports that a stronger U.S. dollar is putting pressure on Bitcoin prices.
Hedge funds are using arbitrage strategies, tying up 25% of Bitcoin ETF capital.

Despite short-term challenges, long-term sentiment remains bullish as institutional investment in Bitcoin continues to grow. If historical trends repeat, Bitcoin could be primed for a strong recovery later this year.