Bitcoin and encryption market faces a week of axial events.
#1 bitcoin (btc)
All eyes are in Washington, DC, where the near -range Bitcoin path may stop to an event scheduled for March 11. Senator Senatea Lomes, an audio supporter in bitten and encryption legislation, is scheduled to participate in hosting the Bitcoin summit for America with the Bitcoin Policy Institute. The summit includes major speakers including Vivek Ramaswamy, Michael Saylor and Paolo Arduino, along with a conversation with Jack Mallers.
This gathering follows many prominent developments: President Donald Trump’s announcement of the Bitcoin Strategic Reserve, the first White House encryption summit on March 7, and the introduction of Bitcoin’s Law in Lomis last year. Rumors indicate that Senator may provide new participants in its proposed legislation, which recommends the US Treasury to obtain a million BTC over a period of five years.
#2 Solana (Sol)
Solana is approaching an important landmark on March 11, when the US Securities and Stock Exchange Committee (SEC) face the deadline for the first time to respond to several applications of boxes circulating on the Stock Exchange (ETF). Prarkle asset managers – Vanik, Grayscale, and 21shares – presented proposals amid optimism for a more absorbing organizational position.
However, doubts are continuing with regard to approval at this early stage, especially given that the new SEC president Paul Atkins has not yet tolerated his position. Some observers speculate that the interim leadership of the agency may choose to postpone any decision.
Bloomberg Etf James Sevart and Eric Balunas have created the broader Altco ETF scene, where he obtained a 70 % probability to ETF Solana that was approved by 2025 – Behind Litecoin (90 %) and Dogcoin (75 %), before XRP (65 %). Although the deadline next week is receiving attention, many market participants believe that the final decision will depend on broader organizational dynamics later this year or next.
#3 Movement (move)
March 10 represents the official launch of the movement, a network of layer 2 solutions that use the animation language – was generally developed for the Meta’s Diem project. Movement brown is designed to support the ability to expand and safety in Blockchain, targeting an audience of Defi protocols that are looking for effective and directed environments towards resources.
Step language provides guarantees against re -entry attacks and emphasizes the safety of assets, and distinguish them from EVM traditional solutions. With the developer anticipation, the movement places itself as a potential competitor to existing networks such as expression and optimism, with the aim of attracting both capital and innovative projects in the coming weeks.
#4 AAVE (AAVE)
Inside AAVE DAO, the SGHO proposal – the Gho Stablecoin’s savings product – has become a pivotal point. This initiative includes the introduction of the ED rate
“AAVE suggests creating the SGHO Saving product by providing AAVE (ASR). SGHO is a low low risk saving product to acquire the return on GHO based on the original AAV lend GHO.
He added: “Only to give a comparison from the revenue perspective, every 100 meters GHO earns the same amount of revenue for AAVE DAO like 1B USDC. For the broader Defi community.
#5 Soy (Soy)
Sui, the original symbol of Sui Blockchain – layer 1 created by a team of former Diem engineers – was found under the spotlight amid the conversation that Canary Capital may be presented soon to get sui etf. Speculation arose when one of the founders participating in SUI posted a message “Yes, ETF (S) soon” on X on March 5.
Although the details remain rare, DEAWARE files on March 7 show that Canary Capital has been registered at Sui ETF, providing gossip that can show the official ETF Spot application in the near future. Investors monitor any developments that can stimulate the SUI price track.
Additional: The encryption market is waiting for the main consumer price index data
In addition to the distinguished individual symbol novels, the broader market trend may depend on the upcoming consumer price index (CPI) in February 2025, scheduled for his release on Wednesday, 12 March, at 8:30 am. Previous data (January 2025) showed the main inflation rate on an annual basis of 3.0 %, with the basic consumer price index by 3.3 % on an annual basis. The analysts project decreases this month, expecting an increase of 0.3 % per month in both the main inflation and basic inflation.
Expectations for the month of February 2025
- Crom CPI (M/M): 0.3 % (Previous: 0.4 %)
- CPI (M/M): 0.3 % (Previous: 0.5 %)
- CPI (y/y): 2.9 % (previous: 3.0 %)
Low reading from expected, especially less than 2.9 %, can enhance optimism to reduce interest rates in the middle of 2025, which may enhance stocks and encryption assets. However, the bullish surprise may pressure the markets on the risks by fueling concerns related to continuous inflation and reducing relief hopes at previous prices. Since the Federal Reserve was expected to maintain a large scale at its meeting in March, the issuance of the consumer price index would be a crucial measure of the inflation path – and with how monetary policy can develop in the coming months.
At the time of the press, BTC was traded at $ 82,28.
Distinctive photo of Shutterstock, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
