Cryptocurrency Market Analysis [March 25]
Bitcoin has risen from $82,000 last week to $87,000.
One of the big news last weekXRP(Ripple’s long-running lawsuit has concluded.
It was unusually a week with a short-term upward trend throughout the week. And the 200-day moving average (red curve) has crossed from below to above.
And the impact on the overall cryptocurrency market from the U.S. inflation and interest rates is a factor.
4月2日に enacting the U.S. tariffs was expected to be milder than initially anticipated, and3月25日に, buoyed by that reassurance, major companies recovered their stock prices and Dogecoin (DOGE) also7% rose.
Reports say that President Donald Trump (Donald Trump) plans to implement the “reciprocal tariffs” on April 2nd, but the scope may be narrowed compared to before, with some countries possibly exempted and not added to existing metal tariffs.
Last week, the U.S. Federal Reserve (FRB) probably raised the inflation forecast and lowered growth forecasts because of President Trump’s trade policy, but called the inflation from tariffs temporary, and maintained a plan for two rate cuts in 2025 to support risk assets. — CoinDesk
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There are optimistic views that tariffs and financial tightening may have ended in some areas. I think this brought capital into the market, but since it’s still a forecast, we need to carefully watch future trends.
◯XRP(Ripple’s lawsuit ends
The U.S. Securities and Exchange Commission (SEC withdrew its long-running lawsuit against Ripple Labs, making a pivotal turn for XRP and strengthening momentum among the bulls.
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One of the especially anticipated developments this year is that the Ripple lawsuit has ended.XRPThe case’s resolution is not only about XRP but also impacts other cryptocurrencies, so I believe this means we can treat crypto assets as commodities rather than securities going forward.SEChas shifted direction under the Trump administration, showing increasingly flexible regulatory stances.
◯ The Crypto Digital Summit on the 21st
※The following is a summary.
At the White House’s first Digital Asset Summit, many of the world’s top leaders in the crypto industry gathered, and White House AI and cryptocurrency leader David Sax (David Sax) led the conversation. He is excellent and highly intelligent.
In the same week, I signed an order to create a completely new strategic Bitcoin reserve and a U.S. digital asset stockpile.
This allows the federal government to maximize the value of its holdings and will not be foolishly sold off for just a small fraction of long-term value.
This is exactly what Mr. Biden did. He took a portion of that value for himself.
We are ending regulatory wars over crypto and Bitcoin waged by the previous administration, and this includes blocking the 2.0 operation that sought to blockade these developments.2.0 The blockade was beyond regulation and far more extensive.
The 2.0 blockade was a form of legal warfare enabled by government. frankly, it was shameful. However,
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I have also urged Congress to pass landmark legislation creating simple, sensible rules for stablecoins and market structure.
With an appropriate legal framework, institutions of all sizes will be free to invest, innovate, and participate in one of the most exciting technological revolutions in modern history.
This is a very big deal, probably the biggest revolution of all.
Pioneers like you can improve banks and payment systems, bringing privacy, safety, security, and wealth to American consumers and businesses.
You will drive explosive economic growth and, with dollar-backed stablecoins, contribute to extending the dollar’s supremacy for years to come.
The U.S. dollar will remain on top, and we want to keep it that way.
We only want to stay on top. I already feel that the crypto community’s energy and passion reflect the spirit that built our country.
I’m excited to see you invent the future of finance.
And it’s happening right here in America, the land of old-fashioned America.
Together, we can make America the world’s center of cryptocurrency and a Bitcoin superpower recognized by all. Thank you. Good luck.
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Mr. Trump aims to expand dollar-backed stablecoins by reviewing cryptocurrency regulations. As the circulation of stablecoins increases, so does the amount of dollars held, making it possible to maintain the value of the dollar. It may appear that Trump uses cryptocurrency to safeguard dollar supremacy, but the broader adoption of blockchain could also spread to other currencies beyond Bitcoin, such as Ethereum.
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(This article has been distributed since 2016)