Flipster Crypto Weekly (March 21)

March 21, 2025

This week has been a rollercoaster for the crypto markets, with major macro and industry events shaping market sentiment. The Fed held interest rates steady at 4.5% and hinted at a potential slowdown in Quantitative Tightening (QT). The initial reaction was relief across risk assets, sending crypto prices briefly higher.

Adding to the market’s anticipation, US President Donald Trump delivered a virtual address at the Digital Asset Summit. Speculation had mounted that he might announce a policy shift, such as the removal of capital gains taxes on crypto. However, his remarks fell short of expectations, leading to a correction as initial gains were largely retraced.

Bitcoin (BTC)

Weekly performance: +4.11%

Year-to-date (YTD) performance: -9.56%

Bitcoin (BTC) is once again testing the 200-day moving average (MA), a key technical indicator we highlighted in last week’s Crypto Weekly. While BTC initially surged following the Federal Reserve’s meeting, it has since retraced most of those gains, slipping back below the 200MA in Thursday’s session.

On a more optimistic note, BTC has formed a higher low, signaling a potential shift from the consistent lower lows observed since the beginning of the year. Looking ahead, a sustained move above the 200MA will be a critical factor in determining whether BTC can successfully reverse its current downtrend and establish a more bullish trajectory.

Ethereum (ETH)

Weekly performance: +5.89%

Year-to-date (YTD) performance: -40.74%

Ethereum (ETH) has closed above its 10MA for three consecutive sessions—something it has not achieved since early February. While it is still too soon to confirm a definitive trend reversal, this development marks a positive step toward potential recovery.

The next key level to watch is $2,080, a historically significant price level that also aligns with the 21MA. This moving average has consistently acted as a barrier since the beginning of the year, making it a critical test for ETH’s momentum and potential breakout.

Solana (SOL)

Weekly performance: +3.92%

Year-to-date (YTD) performance: -32.28%

Solana (SOL) reclaimed the $126 support this week after briefly dipping below it last week, reaffirming its significance as a key price level. However, resistance at $136, which aligns with the 21MA, continues to cap further upside. A decisive breakout and sustained close above $136 could signal renewed bullish momentum, potentially opening the door for further gains. 

Fartcoin (FARTCOIN)

Fartcoin (FARTCOIN) emerged as one of the week’s top performers, surging 34% during Wednesday’s session. Since reaching its lows on March 10, the token has gained over 60%, establishing a pattern of higher highs and higher lows while trading above its short-term MAs.

Looking ahead, the 50MA presents a key resistance level. A decisive break and sustained move above this threshold could pave the way for further upside momentum and a continuation of its positive momentum.

Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with a significant risk of loss due to its high price volatility, and is not suitable for all investors. Please refer to our Terms.