Flipster Crypto Weekly (March 7)

March 7, 2025

The cryptocurrency market saw sharp intraday swings this week as traders reacted to the U.S. President Trump’s new economic policies, including the Strategic Bitcoin Reserve and new tariffs. Bitcoin, typically less volatile than altcoins, posted daily price fluctuations exceeding 5% as uncertainty loomed.

During Friday’s Asia morning session, Trump signed an Executive Order classifying Bitcoin under the newly established Strategic Bitcoin Reserve, while Ethereum, Solana, XRP, and Cardano were placed in a separate Digital Asset Stockpile.

However, a key revelation dampened early speculation—the U.S. government will not be using taxpayers’ money to purchase new crypto for the reserves. Instead, the classifications apply only to assets already in government possession, primarily from past regulatory seizures. If any new purchases are made for the Strategic Bitcoin Reserve, they will be executed using “budget-neutral strategies” and will “have no incremental costs on American taxpayers.”

Markets initially rallied on hopes of large-scale government Bitcoin buys, but with no fresh demand confirmed, the bullish momentum faded. With Trump’s Crypto Summit due to happen later today, volatility remains high as traders appear to be adopting a wait-and-see approach for the next catalyst.

Bitcoin (BTC)

Weekly performance: +4.27%

Year-to-date (YTD) performance: -5.48%

Bitcoin (BTC) experienced significant volatility over the past week, with multiple sessions recording intraday swings exceeding 5%. This marked a sharp contrast to the relatively stable price action seen throughout most of February. The heightened market fluctuations were largely driven by a series of major developments, most notably Trump’s announcement of a strategic crypto reserve. While the initial reaction to the news was largely positive, market sentiment became more measured as additional details about the initiative emerged.

Ethereum (ETH)

Weekly performance: -2.47%

Year-to-date (YTD) performance: -35.19%

Ethereum (ETH) began the week with a sharp 14% decline after facing resistance at the 21-day moving average (MA). Initially included in the strategic crypto "reserve," ETH was later reclassified under the "stockpile" category. The cryptocurrency is currently testing support at the $2,100 level, which has previously served as a key price floor. In the short term, this level may continue to provide support, though further price action will depend on broader market sentiment and external catalysts.

Solana (SOL)

Weekly performance: +3.83%

Year-to-date (YTD) performance: -24.48%

Solana (SOL) experienced a sharp reversal on Monday, erasing its 24% gains from the previous session after facing strong resistance at the $180 level. Recently reclassified under the “stockpile” category, SOL is now trading below its 10MA, which is acting as a resistance level. Historical price action, including long lower wicks, indicates that $125 remains a key support level to monitor in the near term.

Renzo (REZ)

Renzo (REZ) is among Flipster’s top movers, surging over 30% in the past 24 hours. The rally has pushed REZ above its 10, 21, and 50MAs on strong trading volume, signaling solid bullish momentum. Notably, this breakout occurred against a backdrop of subdued performance in the broader crypto market, highlighting REZ’s impressive relative strength in the current environment.

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