March 19, 2025
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Crypto Daybook Americas: Cake, TKX Add Spark As Bitcoin Treads Water Before Fed

Your day-ahead look for March 18, 2025”, – WRITE: www.coindesk.com

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Your day-ahead look for March 18, 2025Updated Mar 17, 2025, 6:52 PM UTCPUBLISHED MAR 18, 2025, 11:15 AM UTC

(Pexels/Pixabay)Smaller Coins Brought a sparkle to crypto markets with Many Traders Focused on the Fed. (Pexels/Pixabay)

What to Know: You are Viewing Crypto Daybook Americas, Your New Morning Briefing on What Happy Happy in the Crypto Markets overnight and What’s Expectioned Durying the Coming Day. Crypto Daybook American Will Arrive in your inbox at 7 am et to kickstart your morning with company comprehensive insights. If you’re not already subscribed, Click here. You won’t to start your day with it.

By Omkar Godbole (All Times et Unless Indicated OtherWise)

Bitcoin (BTC) Traded AROUND ITS 200-Day of $ 84,000 as The Notorious Hyperliquid Whale Exited ITS Multimillion Dollar Short Btc Position. Smaller Coins Like Cake, TKX, OKB and Atom Contributed to Market Optimism with Positive Performances.

The Sui Token Strugmed to Extend Monday’s 6% Surge, WHICH WAS SPURRED By Managers’ Etf Filings with The Sec, ShowCASING Growing Institutional Interest in the Wider Crypto.

While Someysts Declared the End of the Bitcoin Bull Run, Casting Doubt About the Sustainability of the Recent of the Bounce, Data Indicated OtherJise, Pointing Tossaust.

On Monday, US-Based Spot Bitcoin Etfs Attracted $ 275 Million in Invistor Funds, Building on Friday’s $ 41 Million Influx. That’s the first back-to-back inflows since feb. 7, accounting to data tracked by Farside Investors.

“This Data Reinforces the Narrative That Etf-Driven Selling Pressure is Exchausting,” Said Valentin Fournier, an Analyst at Brn. “If this Trend Continues, We Could See Inflows Gradually Build Momentum, Further Supporting Bitcoin’s Price.”

The Fed’s Rate Decision on Wednesday Coulday introduce volatility Into the Crypto Market with A Dovish Statement Possibly Spurring Increased Risk-Taking.

“Post-Fomc, Bitcoin Is Expert to Trade with The Range of $ 80,000 to $ 86,000 With 80% Confidentnce, While Ethereum is Projected to FluucTae Between Level, “Account to Ryan Lee, Chief Analyst at Bitget Research. “TheSe Ranges Reflect Potential Movements Tied to Macroconomic Signals, Investor Sentiment, and Broader Financial Conditions.”

In Traditional Markets, Europe Stocks Edged Higher Before A German Parliamentary Vote on Historic Debt Reforms. Gold Remoned Firm Above $ 3,000 per Open, with Blackrock Calling the Yellow Metal a Better Diversifier than Treasury Notes in the Ongoing Macro Environment.

Meanwhile, Futures Tied to the Nasdaq, S&P 500 and Dow Traded Unchanged To Negative Amid Reports That Trump-Putin Call Regarding The Ukraine Peace Deal Wuld 15 Stay Alert!

What to Watch

  • Crypto:
    • March 18: Zano (Zano) Hard Fork Network Upgrade; This activates “eth Signature Support for Off-Chain Signing and Asset Operations.”
    • March 20: Pascal Hard Fork Network Upgrade Goes Live on the BNB Smart Chain (BSC) Mainnet.
    • March 21, 1:00 PM: The Sec’s Crypto Task Force Hosts a Roundtable, Open to the Public, that Will Focus on the Definition of A Security.
    • March 24 (Before Market Open): Bitcoin Miner Cleanspark (CLSK) Will Join The S&P SmallCap 600 Index.
    • March 24, 11:00 am: Bugis Network Upgrade Goes Live on Enjin Matrixchain Mainnet.
    • March 25: The Mimir Upgrade Goes Live on Chromia (CHR) Mainnet.
  • Macro
    • March 18, 8:30 AM: Statistics Canada Releases February Consumer Price Index (CPI) DATA.
      • Core Inflation Rate Mom Prev. 0.4%
      • Core Inflation Rate Yoy Prev. 2.1%
      • Inflation Rate Mom Est. 0.6% Vs. Prev. 0.1%
      • Inflation Rate Yoy Est. 2.1% Vs. Prev. 1.9%
    • March 18, 8:30 AM: The US Census Bureau Releases February Residential Construction Data.
      • Housing Starts Est. 1.38m Vs. Prev. 1.366m
    • March 18, 11:00 PM: The Bank of Japan (Boj) Release ITS Monetary Policy Statement.
      • Interest Rate Est. 0.5% Vs. Prev. 0.5%
    • March 19, 6:00 AM: Eurostat Release (Final) February Eurozone Consumer Price Index (CPI) DATA.
      • Core Inflation Rate Yoy Est. 2.6% Vs. Prev. 2.7%
      • Inflation Rate Mom Est. 0.5% Vs. Prev. -0.3%
      • Inflation Rate Yoy Est. 2.4% Vs. Prev. 2.5%
    • March 19, 2:00 PM: The Federal Reserve Announces Its Interest Rate Decision. The Fomc Press Conference is Live-Streamed 30 Minutes Later.
      • Fed Funds Interest Rate Est. 4.5% Vs. Prev. 4.5%
    • March 19, 3:00 PM: Argentina’s National Institute of Statistics and Census Releases GDP Data.
      • Full Year GDP Growth (2024) Prev. -1.6%
      • GDP Growth Rate QOQ (Q4) Prev. 3.9%
      • GDP Growth Rate Yoy (Q4) EST. 1.7% Vs. Prev. -2.1%
    • March 19, 5:30 PM: The Central Bank of Brazil Announces Ittest Rate Decision.
      • Selic Rate Est. 14.25% Vs. Prev. 13.25%
  • Earnings (Estimates Based On Factor Data)
    • March 27: Kulr Technology Group (Kulr), Post-Market
    • March 28: Galaxy Digital Holdings (Glxy), Pre-Market

TKEN EVENTS

  • Governance Votes & Calls
    • Arbitrum Dao is voteing on registering the “Sky Custom Gateway Contracts” in the “Router Contracts” to enable users to bridge USDS and Susds Through the Official Arbitrum Bridge.
    • Frax Dao is voteing on intraducking the WisdomTree Government Money Market Digital Fund (WTGXX) As an on -chain Reserve for Frax USD.
    • March 18, 8, 8: Binance to Host Ana Session with VP of Product Jeff Li and Binance Angel Victor Balaban.
    • March 18, 9 AM: Near Protocol to Host A Governance Talk Session.
    • March 21, 11:30 AM: Flare to host an x ​​Spaces session on Flare 2.0.
  • Unlocks
    • March 21: Immutable (IMX) to Unlock 1.39% of Circulating Supple Worth $ 13.96 Million.
    • March 23: Metars Genesis (MRS) to Unlock 11.87% of ITS Circulating Supple Worth $ 242.9 Million.
    • March 31: Optimism (OP) to Unlock 1.93% of ITS Circulating Supple Worth $ 27.47 Million.
    • April 1: sui (sui) to unlock 2.03% of it circulating Supple worth $ 147.65 Million.
    • April 3: Wormhole (W) to Unlock 47.7% of Its Circulating Supple Worth $ 121.48 Million.
    • April 7: Kaspa (Kas) to Unlock 0.59% of It Circulating Suppply Worth $ 11.28 Million.
  • Token Listings
    • March 18: Jupiter (Jup) to be listed on arkham.
    • March 18: Paws (paws) to be listed on bybit.
    • March 18: SLINGSHOT (SLING) TO Be Listed on Kucoin.
    • March 19: Hamster Kombat (HMSTR) and DuckCchain (Duck) to Be Listed on Kraken.
    • March 31: Binance to Delist USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, AND PAXG.

Conferences

  • Coindesk’s Consensus is Taking Place in Toronto on May 14-16. Use Code Daybook and SAVE 15% ON PASSES.
  • Day 1 of 3: Digital Asset Summit 2025 (New York)
  • Day 1 of 3: Fintech Americas Miami 2025
  • March 19-20: Next Block Expo (Warsaw)
  • March 24-26: Merge Buenos Aires
  • March 25-26: Pay360 2025 (London)
  • March 25-27: Mining Disrupt (Fort Lauderdale, Fla.)
  • March 26: Crypto Assets Conference (Frankfurt)
  • March 26: DC Blockchain Summit 2025 (Washington)
  • March 26-28: Real World Crypto Symposium 2025 (Sofia, Bulgaria)
  • March 27: Building Blocks (Tel AVIV)
  • March 27: Digital Euro Conference 2025 (Frankfurt)
  • March 27: Wiki Finance Expo Hong Kong 2025
  • March 27-28: Money Motion 2025 (Zagreb, Croatia)
  • March 28: Solana Apex (Cape Town)

Token TalkBy shaurya malwa

  • Hackers Attacked Bnb Chain’s Four.meme Launch Platform, Exploiting New Meme Tokens to Drain Liquidity by Bypassing Listing Restrictions and Creating Unauthorized Trading Pairs on Panakes on Pan. 04:00 GMT.
  • The attacck preempted four.meme’s curated token lacches, buying small token Amounts Pre-launch, Adding Liquidity to Pancakeswap Pairs, and Rug-Pulling Them, Targeting Popular BNB Stolen) and Others Such As Eddy and Cocoro.
  • Four.meme Suspended New Token Launches and Promison Compensation for Affected Users, Thought No Smart Contract Vulneracy Was Found. Leaked Early Transactions Enabled the Hacker’s Front-Running, Account to Analyst Chaofan Shou.
  • The attacck exploited a flawed token Function Allowing Transfers Durying the BONDING CURVE STAGE, A RECURRING FLOW CELL MANIPULATION ISSU Popularity.

Derivatives Positioning

  • Open Interest in Eth, LTC, Xrp and Sol Perpetual Futures Increated in the Past 24 Hours Alongside a Flat-To-To-Negative Cumulatory Volume Delta (CD), Indicating Neticating Neteling in.
  • Sol, Ada and Doge Have Also Seen Negative Funding Rates.
  • Both Open Interest and Basis in BTC and Eth Cme Futures Remain Depressed at Recent Lows, Suggesting A LACK OF CONFIDENCE AMOG InstITATIONS TO DEPLY CAPITAL.
  • Deribit’s BTC and Eth Options Continue to Showcase Put Skews for Expiries Out to End of April.

Market Movements:

  • BTC IS DOWN 1.62% from 4 PM et Monday AT $ 82.676.40 (24hrs: -0.81%)
  • ETH IS DOWN 2.29% AT $ 1.892.55 (24hrs: -1.1%)
  • Coindesk 20 is Down 2.25% AT 2.582.56 (24hrs: -1.46%)
  • Ether Cesr Composite Staking Rate Is Unchanged AT 2.96%
  • BTC FUNDING RATE IS AT 0.0036% (3.89% Annualized) on Binance

Coindesk 20 members' performance

  • DXY IS UNCHANGED AT 103.28
  • GOLD IS UP 0.76% AT $ 3.020.72/OZ
  • Silver is up 0.82% AT $ 34.07/Oz
  • Nikkei 225 CLOSED +1.2% AT 37,845.42
  • Hang Seng Closed +2.46% AT 24,740.57
  • Ftse is up 0.44% AT 8,715.59
  • Euro Stoxx 50 IS Up 0.85% AT 5.491.99
  • DJIA CLOSED ON MONDAY +0.85% AT 41,841.63
  • S&P 500 CLOSED +0.64% AT 5.675.12
  • NASDAQ CLOSED +0.31% AT 17,808.66
  • S&P/Tsx Composite Index Closed +0.94% AT 24,785.11
  • S&P 40 Latin America Closed +1.76% AT 2.475.69
  • US 10-YEAR Treasury Rate is Down 1 BP at 4.31%
  • E-mini S&P 500 Futures Are Down 0.29% AT 5.715.75
  • E-mini NASDAQ-100 Futures Are Down 0.38% AT 19,963.00
  • E-mini Dow Jones Industrial Average Index Futures Are Down 0.27% AT 42,112.00

Bitcoin Stats:

  • BTC Dominance: 61.66 (-0.03%)
  • Ethereum to Bitcoin Ratio: 0.02285 (-0.31%)
  • Hashrate (Seven-Day MOVING AVERAGE): 805 eh/s
  • HashPrice (Spot): $ 47.08
  • Total Fees: 4.68 BTC / $ 386,699
  • CME FUTures Open Interest: 151.030 BTC
  • BTC PRICED IN GOLD: 27 OZ
  • BTC VS Gold Market Cap: 7.68%

Technical AnalysisDollar Index. (TradingView/Coindesk)Dollar Index. (TradingView/Coindesk)

  • The Dollar Index’s (DXY) Decline Continues with the Key 61.8% Fibonacci retracement Support Breached in A Positive Sign for Risk Assets.
  • The BreakthROUGH HAS EXPORED THE NEXT SUPPORT AT 102.32, Representing the 78.6% Fibonacci Level.

Crypto equities

  • Strategy (Mstr): Closed On Monday at $ 294.27 (-1.08%), Down 1.54% AT $ 289.75 In Pre-Market
  • Coinbase Global (Coin): CLOSED AT $ 188.96 (+3.19%), Down 1.55% AT $ 186.21
  • Galaxy Digital Holdings (GLXY): CLOSED AT C $ 17.35 (-3.5%)
  • Mara Holdings (Mara): CLOSED AT $ 12.97 (-1.59%), Down 1.39% AT $ 12.79
  • Riot Platforms (Riot): CLOSED AT $ 7.76 (-0.77%), Down 1.16% AT $ 7.67
  • Core Scientific (Corz): CLOSED AT $ 8.76 (-0.57%), Down 0.8% AT $ 8.69
  • Cleanspark (CLSK): CLOSED AT $ 8.12 (+1.88%), Down 1.23% AT $ 8.02
  • Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 15.37 (+0.46%)
  • Semler Scientific (SMLR): CLOSED AT $ 36.03 (+4.89%), Up 2.19% AT $ 36.82
  • Exodus Movement (exod): c Lossed AT $ 32.35 (+15.33%), Unchanged In Pre-Market

ETF FlowsSPOT BTC ETFS:

  • Daily Net Flow: $ 274.6 Million
  • Cumulative Net Flows: $ 35.67 Billion
  • Total BTC Holdings ~ 1,120 Million.

Spot eth etfs

  • Daily Net Flow: -$ 7.3 Million
  • Cumulative Net Flows: $ 2.53 Billion
  • Total Eth Holdings ~ 3.509 Million.

Source: Farside Investors

Overnight FlowsTop 20 Digital Assets' Prices and VolumesChart of the dayPump.Fun Daily Activity. (@Hashed_official/Dune Analytics)Pump.Fun Daily Activity. (@Hashed_official/Dune Analytics)

  • Pump.fun is a solana-Basted Marketplace Widly USED TO CREATE AND DISTRIBUTE TOKENS, PRIMARY MEMECOINS.
  • Daily Token Deployment Activity Cooled to 29.475 Transactions on Monday, Down from 71.738 On Jan. 23.
  • ITS A SIGN THAT The Broader Market Slide Has Cooled Speculatory Activities.

While You Were Sleeping

  • Bitcoin’s Bull Market Cycle Is Over, Cryptoquant’s Ki Young Ju Says (Coindesk) Suggesting BTC Could Drop to $ 63,000.
  • Metaplanet Continues Bond Issuance for Bitcoin Buys (Coindesk): The Japanese Firm Issued 2 Billion Yen ($ 13.4 Million) in Zero-Interest Bonds of 120000000
  • Bitcoin Storm Could Be Brewing, Crypto Onchain Options Platform Derive Says (Coindesk) Shifts Under the Trump Administration as Triggers for Valativity.
  • German Bonds Fall Ahead of Historic Vote on Fiscal Bazokaoka (Bloomberg): German Bond Yields Rose Ahead of Tuesday’s Parliamentary Vote on a Majoor Sporting Package Amid. Inflation Risks.
  • Trump Team Explored Simplified Plan for Reciprocal Tariffs (The Wall Street Journal) with the Final Plan Expectioned by April 2 Alongside New Industry-SPECIFIC DUTIES.
  • European Defense Spending Spree Risks Debt Crisis, Warns Dutch Politician (Financial Times): Pieter Omtzigt Warned that The Eu’s 800 Billion Euro ($ 875 Billion) Defense Coula. Potentilly Trigger Another Eurozone Sovereign-Debt Crisis.

In the EtherPublic CompaniesMetaplanet AcumulatingLibra LawsuitThis Bitcoin Cycle We Have Largely Been Batting A Flat Monetary Cycle, Versus Last Cycle's Strong UptrendGold Sees New High

Omkar GodboleOmkar Godbole is a co-managing Editor on Coindesk’s Markets Team Based in Mumbai, Holds A Masters Degree in Finance and A Charted Market Technician (CMT) Member. Omkar Previoously Worked at FxStreet, Writing Research on Currency Markets and As Fundamental Analyst at Currency and Commodities Desk at Mumbai-Based Brokerage Houses. OMKAR HOLDS SMALL AMUNTS OF BITCOIN, Ether, Bittorrent, Tron and Dot.

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Omkar Godbole

Shaurya MalwaShaurya is the co-leader of the coindesk tokens and data team in asia with a focus on crypto derivatives, Defi, Market Microstructure, and Protocol Analysis. Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA. He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.

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Shaurya Malwa

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