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Bitcoin's weekly Relative Strength Index (RSI) has entered the oversold territory for the fourth time in its history, according to analyst Merlijn The Trader. He noted that previous weekly RSI oversold signals were followed by significant rallies of approximately 2,700% in 2019, 1,800% in 2020, and 350% in 2022. With the weekly RSI now in an oversold state again, the analyst suggested that the market's future direction hinges on whether Bitcoin can maintain support at the $65,000 level. If this price holds, it could signal the completion of an Elliott Wave 4 correction, potentially setting the stage for a Wave 5 rally targeting $140,000.

U.S. Commodity Futures Trading Commission (CFTC) Commissioner Michael Selig announced the launch of an Innovation Task Force on March 24. The task force aims to establish regulatory standards for innovative companies developing new products and technologies in the U.S. derivatives market. Specifically, the Innovation Task Force will collaborate with the Innovation Advisory Committee to build regulatory frameworks for the following areas: - Cryptocurrency and blockchain technology - Artificial intelligence and autonomous systems - Prediction markets and event contracts The task force will be led by Michael Pasalaqua, special counsel to Commissioner Selig. Meanwhile, the Securities and Exchange Commission (SEC), the other major U.S. financial regulator, recently clarified its position that crypto assets like Bitcoin are commodities, not securities.

An analysis suggests that Bitcoin may have already formed a bottom around the $60,000 level, citing trends in key options market indicators. According to CoinDesk, the primary evidence is the behavior of two implied volatility indices: Deribit's 30-day Bitcoin Implied Volatility Index (DVOL) and Volmex's BTC 30-day Implied Volatility Index (BVIV). These metrics reflect expected price volatility over the next 30 days. Both indices surged to around the 90% level in early February when Bitcoin's price dropped to approximately $60,000. Historically, similar spikes in volatility have often coincided with peaks in market fear and the formation of price bottoms. For instance, implied volatility also rose to about 90% when Bitcoin bottomed out at $50,000 in August 2024 and at $20,000 in November 2022.

The three major U.S. stock indices opened lower today. - S&P 500: -0.62% - Nasdaq: -0.63% - Dow Jones: -0.24%

Saudi Arabian Crown Prince Mohammed bin Salman has urged U.S. President Donald Trump to continue military operations against Iran, the New York Times (NYT) reported. According to the report, the crown prince described the U.S.-Israeli military action as a historic opportunity to reshape the order in the Middle East, arguing that overthrowing Iran's hardline regime is necessary to eliminate long-term threats in the Gulf region. The NYT noted that this contrasts with Saudi Arabia's official stance, which supports a peaceful resolution to the conflict with Iran and prioritizes defense over offensive action.

The Solana Foundation has launched the Solana Developer Platform (SDP), an integrated development platform designed to attract corporations and financial institutions, Cointelegraph reported. The SDP will feature an issuance module to support the creation of tokenized assets and a payments module for fiat and stablecoin payment flows. A trading module is also planned for future addition, which will support features like atomic swaps and on-chain foreign exchange transactions. Early users reportedly include global payment and financial firms such as Mastercard, Worldpay, and Western Union.

A single day of strong net inflows could be enough to erase all of this year's cumulative outflows from spot Bitcoin ETFs, according to Bloomberg analyst Eric Balchunas. He noted that these ETFs have attracted about $2.5 billion in net inflows this month. BlackRock's IBIT, he added, has already achieved its goal of being net positive for the year and ranks in the top 2% of all ETFs for fund inflows. Balchunas also highlighted Bitcoin's resilience over the past six months amid a price crash and intense media criticism. He contrasted this with the reaction to a 40% drop in gold prices about a decade ago, when a third of investors sold off. While calling that a natural response to a sharp asset decline, he described Bitcoin's behavior as abnormal.

Iran is imposing passage fees of up to $2 million on some commercial ships transiting the Strait of Hormuz, a key energy transport route, Walter Bloomberg reported. The fees are reportedly being demanded on an arbitrary, case-by-case basis rather than through a formalized system. The required payment currency and specific procedures have not been publicly disclosed.

A second wave of institutional investment in cryptocurrency has begun, according to Brett Tejpaul, head of institutional at Coinbase. In an interview with CoinDesk, he said institutional investors are no longer investing in crypto simply to bet on price appreciation but are looking for stable, additional sources of revenue. This shift is leading to the creation of new products, Tejpaul noted, citing Coinbase's collaboration with Apex Group last week to launch a share token for a Bitcoin operating fund. He emphasized that institutions are now exploring the benefits crypto can bring to their portfolios and businesses, rather than just asking how to buy it. This change is likely to attract more institutional capital in the future, he added.

Tether, the issuer of the world's largest stablecoin USDT, announced today on its official blog that it has signed an agreement for an independent financial statement audit with one of the Big Four global accounting firms. The specific name of the firm was not disclosed. Tether emphasized that the audit is of a caliber typically seen only in the world's largest national institutions and will cover a complex asset portfolio that includes digital assets, traditional reserves, and tokenized government bonds.

Bitcoin hashrate tokenization firm Omnes and global asset manager Apex Group are planning to issue tokenized collateralized bonds based on Bitcoin hashrate, Cointelegraph reported. The two companies intend to tokenize a structured bond for institutional investors, called the Omnes Mining Note (OMN), for issuance and management on the Base network.

Canadian-listed fintech firm Delphx Capital Markets has announced a plan to purchase approximately $50 million in BTC as part of a strategic reserve initiative, BitcoinTreasury reported. The company is exploring a Bitcoin holding strategy to diversify its corporate treasury assets and secure a long-term store of value, with plans to conduct the purchases in phases.

The Financial Stability Board (FSB), an international body that makes recommendations about the global financial system, has warned that stablecoins could pose a risk to the financial stability and macroeconomy of emerging and developing economies. According to Cointelegraph, the FSB stated in its 2025 annual report that stablecoins circulating across multiple countries could cause more sudden shocks to the financial systems of emerging economies. Key risk factors cited include currency substitution, reduced use of domestic payment systems, weakened monetary policy effectiveness, increased fiscal burdens, and the potential to circumvent capital controls. The board explained that it is necessary to continuously assess vulnerabilities such as liquidity and operational risks, as well as the interconnectedness with the broader financial system, as the stablecoin market evolves.

BitGo Prime and Susquehanna Crypto have partnered to provide institutional investors with over-the-counter (OTC) access to prediction markets, CoinDesk reported. The two companies plan to enable hedge funds, family offices, and high-net-worth individuals to trade prediction market contracts using digital assets held on the BitGo platform as collateral.

A recent surge in Japan's 10-year government bond yield to 2.30%, a move stimulating global financial markets, could amplify downward pressure on Bitcoin, according to an analysis. BeInCrypto reported that financial analyst Shanaka Anslem Perera warned on X that the yield has approached its highest level since 1999. He explained that with Japanese life insurance companies holding approximately $5 trillion in overseas assets, rising long-term domestic interest rates could spur a repatriation of funds as they increase investment in local bonds. This could trigger a sell-off of U.S. Treasurys, European bonds, and emerging market debt, thereby tightening global liquidity. Perera also cautioned that the yen carry trade—borrowing low-interest yen to invest in higher-yield assets—could face liquidation pressure from rising borrowing costs, potentially leading to a sharp sell-off across risk assets, including cryptocurrencies.

Decentralized perpetual futures exchange Hyperliquid (HYPE) generated $2.32 million in revenue yesterday, ASXN reported. Over the past week, the Hyperliquid Foundation also bought back 237,460 HYPE, valued at $11.08 million, through its Assistance Fund (AF). The AF now holds 14.22% of HYPE's circulating supply. ASXN added that the revenue growth is driven by its HIP-3 markets, which stem from a governance proposal allowing anyone to create a market on the platform. These markets currently account for 46% of total trading volume and 23% of open interest.

Wall Street asset management firm Bernstein said that Bitcoin has likely already bottomed out, maintaining its year-end price target of $150,000. The firm also commented on MicroStrategy (Nasdaq: MSTR), the single largest corporate holder of Bitcoin, noting that the company remains solid despite its stock being down approximately 50% from its peak. Bernstein described MicroStrategy, which holds 3.6% of the total Bitcoin supply, as a "high-beta" investment vehicle for the cryptocurrency. The firm pointed out that instead of reducing its exposure during downturns, MicroStrategy has opted to purchase more BTC, raising around $7.3 billion this year to increase its holdings.

USDC issuer Circle has forged its first partnership in the African market, collaborating with the fintech division of Nvidia-backed Cassava Technologies, Bloomberg reported. The partnership will allow users of the remittance application operated by Cassava's Sasai Fintech to use Circle's USDC for domestic and cross-border payments. This service is currently available in 30 markets across the continent. Bloomberg noted that Africa is considered a region with growing demand for stablecoins, driven by its fast-growing young population and high technology adoption, which in turn fuels the need for lower remittance costs and more efficient trade settlements. The report added that stablecoins are also used as a hedge against currency devaluation and U.S. dollar liquidity shortages. It also mentioned that recent geopolitical risks in the Middle East have increased demand for stablecoins, expanding the total market size to around $316 billion.

The on-chain average purchase price, or realized price, for Bitcoin investors from 2023 is serving as a strong support level, CoinDesk reported. According to the report, this cohort's realized price is approximately $63,700, a level that acted as a floor when BTC dropped to $60,000 in early February. This behavior is similar to previous cycles. At the beginning of the 2023 bull run, Bitcoin experienced several distinct corrections, and the average realized price repeatedly acted as a support level during those periods. For Bitcoin's entire history, the all-time investor realized price is approximately $54,360. Consequently, if BTC breaks below the $60,000 mark, the area around $54,000 could become the next major support zone, the analysis concluded.

BlackRock has deposited 7,552 ETH, worth $16.31 million, into Coinbase Prime, according to Arkham. Coinbase Prime is a prime brokerage platform that facilitates large-scale trading and custody services for institutional investors.

The New York Stock Exchange (NYSE) has started developing a security token trading platform in collaboration with security token firm Securitize, The Wall Street Journal reported today. According to the report, Securitize will help the NYSE create digital token versions of stocks and exchange-traded funds (ETFs) on a blockchain, the technology that underpins Bitcoin and other cryptocurrencies. The platform is planned to offer 24/7 trading with instant settlement for transactions and may also allow stablecoins to be used for funding trades.

On-chain signals suggest a potential rebound for XRP, as network activity on the Ripple-led XRP Ledger (XRPL) is showing a rapid recovery, according to an analysis by U.Today. From a technical standpoint, XRP remains in a downtrend, having traded below its key 50, 100, and 200-day exponential moving averages (EMAs) for several months, which have acted as overhead resistance. However, selling pressure has recently eased, with the sharp sell-off slowing and a structure of higher lows forming. This shift is mirrored in network metrics, where the number of XRP Ledger transactions has approximately doubled in 24 hours. This increased activity could indicate a rise in real-world demand or a resumption of speculative capital inflows, rather than just market volatility.

Global asset manager Invesco, which oversees $2.2 trillion, is entering the tokenized treasury market, CoinDesk reported. The firm will take over the management of crypto asset manager Superstate's $900 million tokenized treasury fund, USTB, marking a deeper push into blockchain-based finance. Following Invesco's involvement, the USTB fund will be renamed the 'Invesco Short Duration US Government Securities Fund' but will retain its ticker. Invesco's global liquidity team, which manages over $200 billion in short-term assets, will lead the fund's investment decisions.

While Bitcoin has continued to rebound amid geopolitical uncertainty, it must secure a position above $75,000 to transition into a full-fledged bull market, according to an analysis by CoinDesk. The publication noted that Bitcoin temporarily recovered the $71,000 mark after President Donald Trump delayed the bombing of an Iranian power plant by five days, creating expectations for negotiations. Geopolitical tensions later escalated again after Iran denied the negotiations and Israel continued its military actions. Despite this, BTC has maintained its upward momentum, rising approximately 4.5% yesterday. Major altcoins such as ETH, XRP, and SOL also posted gains. The analysis highlights that the market views the $75,000 level as a crucial pivot point, as this range has historically acted as a reversal zone and is a concentration of major Fibonacci retracement levels and technical resistance.

An analysis based on Elliott Wave theory suggests that XRP has a high probability of falling to $0.87 if it fails to break through the $1.65 resistance level. Crypto analyst Casi, who has approximately 32,000 followers on X, stated that traders should not be misled by XRP's recent rebound. According to the analysis, the range-bound trendline that held for the past few weeks has been broken to the downside and is now acting as resistance. On the 15-minute chart, the recent upward movement appears to be a wave two rebound. The Relative Strength Index (RSI) also shows a clear uptrend, and as long as this trendline holds, the rebound may continue. However, an immediate break could initiate the next downward wave. Casi explained that while the scenario would change if XRP could breach and hold the $1.65 resistance, a drop to $0.87 is currently more likely.