Market snapshot — BTC & ETH
- Bitcoin’s rally accelerated to just above $73,000, with analysts warning $70K (and the 200-week EMA near $68K) must hold before a clean push toward the $75–78K area; topping $78K remains a challenge. 43% of BTC holders are reported at a loss, and some traders show demand for put protection. Ether is highlighted as part of growing institutional ETF access but specific price action was not covered in these sources.
Flows & ETFs
- Canada’s Scotiabank and 3iQ launched an actively managed multi-crypto ETF offering exposure to Bitcoin, Ether, Solana and XRP at a 0.25% fee. Crypto treasury inflows have slowed to their lowest since October 2024, while some analysts cite institutional adoption and policy moves as reasons this run “has legs.”
Regulation & policy
- President Trump formally sent Kevin Warsh to the Senate as his Fed chair nominee. Separately, discussions around stablecoin yield and proposed rules intensified: Eric Trump labelled banks “anti‑American” over the stablecoin fight, and reports say Trump met Coinbase’s CEO hours before criticizing banks and pushing stablecoin-related policy.
Stablecoins & payments
- Western Union partnered with Crossmint to support a planned USDPT stablecoin on Solana, aiming to link blockchain-based dollar transfers to its global payout network.
Products, sentiment & color
- Screenshots shared by William Shatner gave early public hints about Elon Musk’s X Money limited beta. Debate in market commentary continued: Ray Dalio’s cautions about bitcoin drew sharp pushback from crypto proponents. Separately, a tech-led rout in South Korean stocks may have redirected fast-money traders into crypto, potentially amplifying recent moves.
Key takeaways
- BTC momentum is real but faces technical hurdles near $75–78K; holding $70K/$68K is critical.
- Institutional product expansion (Canada ETF) and corporate pilots (Western Union’s USDPT) signal growing mainstream infrastructure.
- Stablecoin policy fights are front-and-center in U.S. politics, shaping market sentiment and industry lobbying.
- New product signals (X Money beta) and regional equity flows (Korea) are adding episodic demand drivers.
Sources
- Star Trek’s Captain Kirk shows off X Money as limited beta goes live — https://cointelegraph.com/news/elon-musk-taps-captain-kirk-for-x-money?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- Eric Trump, World Liberty co-founder, calls banks ‘anti-American’ over stablecoin fight — https://www.coindesk.com/policy/2026/03/04/eric-trump-world-liberty-co-founder-calls-banks-anti-american-over-stablecoin-fight
- Crypto bulls slam Ray Dalio’s ‘tired narratives’ in defense of bitcoin’s future — https://www.coindesk.com/markets/2026/03/04/crypto-bulls-slam-ray-dalios-tired-narratives-in-defense-of-bitcoins-future
- Bitcoin’s bullish momentum accelerates but topping $78K remains a challenge — https://cointelegraph.com/news/bitcoins-bullish-momentum-accelerates-but-topping-78k-remains-a-challenge?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- Western Union teams with Crossmint to support USDPT stablecoin on Solana — https://cointelegraph.com/news/western-union-taps-crossmint-to-support-solana-based-usd-stablecoin-and-digital-asset-payout-network?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- Trump sends pro-Bitcoin Fed chair nomination to the Senate — https://cointelegraph.com/news/donald-trump-fed-nomination-kevin-warsh-senate?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- How this week’s rout in Korean stocks might have triggered crypto’s surge higher — https://www.coindesk.com/markets/2026/03/04/how-this-week-s-rout-in-korean-stocks-might-have-triggered-cryptos-surge-higher
- Canada’s Scotiabank launches multi-crypto ETF with 3iQ — https://cointelegraph.com/news/scotiabank-launches-multi-crypto-etf-with-3iq?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- A sucker’s rally? Why Bitcoin analysts say BTC price must hold $70K — https://cointelegraph.com/news/suckers-rally-why-bitcoin-analysts-say-btc-price-must-hold-70k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- Crypto treasury inflows slow to the lowest since October 2024 — https://cointelegraph.com/news/crypto-treasury-inflow-slow-october-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- Crypto’s new run ‘has legs’ says analyst citing Trump’s press on policy, institutional adoption — https://www.coindesk.com/markets/2026/03/04/crypto-may-be-entering-a-bull-market-as-bitcoin-rises-towards-usd75-000-and-trump-pushes-for-new-stablecoin-rules
- Trump met Coinbase CEO before slamming banks over crypto bill: Report — https://cointelegraph.com/news/donald-trump-coinbase-brian-armstrong-crypto-bill?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Disclaimer: Not financial or professional advice.