Crypto Daybook Americas: Gold’s Historic Rally Brings BTC’s ‘Store of Value’ DEBATE

The recent Market Turmoil Might Have Given Gold the Bragging Rights of Being The “Store of Value” While “Digital Gold” Strugggles, at LEAST FOR NOW.

Gold Futures for April Delivery Have Surpassed $ 3,000 An Option for the First Time Ever, Marking A Historic Milestone for the Precious Metal. SPOT GOLD IS CONSOLIDATING JUST BLOW $ 3,000 An OUNCE, UP 15% Year-To-Date, While It Digital Counterpart, Bitcoin (BTC), Is Struggling-Down 80.000.000.

What to Watch

• Crypto:
  • March 15: Athene Network (ATH) Mainnet Launch.
  • March 15: Reploy Will Close Its V1 Rai Staking Program to New Users As It Transitions to a Fully Automated Revenue-Sharing Protocol.
  • March 17: CME Group Launches Solana (Sol) Futures.
  • March 17: Ethereum (ETH) Testnet Hoodi Goes Live. The Petra Upgrade Will Be Applied To this Testnet on March 26 and to the Mainnet “30+ Days After Hoodi Forks Successful, PENDING INFRA and Client Testing.”
  • 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 US Sec’s Crypto Task Force Hosts A Roundtable, Which Is Open to the Public, that Will Focus on the definition of a security.
• Macro
  • March 14, 8:00 am: The Brazilian Institute of Geography and Statistics (IBGE) Release January Producer Price Inflation Data.
    • Ppi Mom Prev. 1.48%
    • Ppi yoy prev. 9.42%
  • March 14, 10:00 AM: The University of Michigan’s March (US) Consumer Sentiment (Preliminal) Index Est. 63.1 Vs. Prev. 64.7.
  • March 14, 3:00 PM: Argentina’s National Institute of Statistics and Census Releases February Inflation Data.
    • Inflation Rate Mom Est. 2.4% Vs. Prev. 2.2%
    • Inflation Rate Yoy Est. 66.8 Vs. Prev. 84.5%
  • March 16, 10:00 PM: The National Bureau of Statistics of China Releases FBRUARY EMPLYMENT DATA.
    • Unemployment Rate Prev. 5.1%
• Earnings (Estimates Based On Factor Data)
  • March 14: Bit Digital (BTBT), Pre-Market, $ -0.05
  • March 24 (TBC): Galaxy Digital Holdings (TSE: GLXY), C $ 0.38

TKEN EVENTS

• Governance Votes & Calls
  • Apecoin Dao Is Discussing the Establishment of An Ape Base in Lhasa, Tibet Autonomous Region, China. IT’s Also Discussing The Creation of Apesites, Which Aims to Provide the Bayc Community An “Easy-To-us Tool to Create Personalized Websites.”
  • Aave Dao Is Discussing The Launch of Horizon, A Licensed Instance of the Aave Protocol to ALOW Institutions to “Access Permissionless Stablecoin Liquing
  • Balaner Dao Is Discussing the Deployment of Balaner V3 on Op Mainnet.
  • March 14: Cow Dao’s Vote on the Incorporation of A 4-Entity Legal Structure for the Organization Ends.
  • March 14, 10 AM: Representatives from Lombard, Etherfi, Coinbase and Curve to Participate in an X Spaces SESSION
• Unlocks
  • March 14: Starknet (Strk) To Unlock 2.33% of It Circulating Supple Worth $ 11.15 Million.
  • March 15: SEI (SEI) TO UNLOCK 1.19% OF ITS Circulating Supple Worth $ 10.06 Million.
  • March 16: Arbitrum (Arb) to Unlock 2.1% Of ITS Circulating Supple Worth $ 32.29 Million.
  • March 18: Fasttoken (FTN) to Unlock 4.66% Of ITS Circulating Supple Worth $ 79.80 Million.
  • March 21: Immutable (IMX) to Unlock 1.39% of Circulating Supple Worth $ 12.91 Million.
  • March 23: Metars Genesis (MRS) to Unlock 11.87% of ITS Circulating Supple Worth $ 102.6 Million.
  • March 23: Mantra (OM) to Unlock 0.51% of It Circulating Supple Worth $ 31.2 Million.
• Token Listings
  • March 18: Paws (paws) to be listed on bybit.
  • 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 2 of 2: Web3 Amsterdam ’25
• March 16: Solana Ai Summit (San Jose, Calif.)
• March 18-20: Digital Asset Summit 2025 (New York)
• March 18-20: Fintech American 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 oliver Knight

• In an Otherwise Muted Day for Altcoins, Hyperliquid’s Native Token Is Leading The Pack, Having Risen by 9.5% in the Past 24 Hours. The Boost Comes As the Decentralized Exchange Topped $ 1 Trillion in Cumulative Volume This Month, WitH $ 4.8 Billion Worm of Derivatives in the Past Day Alone.
• The Same Cannot Be Said for Other Defi Tokens Like Aave, Lido and Pyth, WHICH HAVE All Been Between 19% and 21% Down Over The Past Seven Days After Failing to Recover Froma Alake
• One Trader Profited A Cool $ 108k After Buying Base Memecoin Doginme on Thursday Only for Coinbase to List the Token on Friday, Spurring a 150% Rally.

Derivatives Positioning

• Earlier It Morning, The Price of Bitcoin Bounced to $ 82.895 from Levels Below $ 80,000, Hitting A Cluster of Short Liquidations Leverage WORTH $ 52.1MN, Access to King. The Next Significant Liquidations Leverage Level is $ 79.760, Holding Liquidations Worth $ 41.9Mn.
• Among the Assets with Over $ 100MN in Open Interest, Chainlink Saw The Highest 1D Percentage Gain, Rising 35.8% To $ 409.5MN. Pnut, Near Protocol, Stellar and Trump Complete the Top Five, With Their Open Interest Rising 19.7%, 15.8%, 14.8% and 11.8% on the day. Layer-1 Network Sei (SEI) SAW The HIGHEST DECLINE IN OPEN INTEREST, Falling 17.2% to $ 101MN.
• In the Bitcoin Options Market on Deribit, Call Options At AT A $ 100,000 Strike Price Hold the Highest Open Interest, with A Nocial Value of $ 1.5 Billion, Followed BY $ 1.35.000 Billion Intest. However, The Put-To-Call Ratio, Currently at 0.52, Signals Significant Put-Side Interest, with The Largest Put Contracs Holding $ 800 Million and $ $ 75,000, Respectively.

Market Movements:

• BTC IS UP 2.93% FROM 4 PM ET Thursday at $ 82.739.17 (24hrs: -0.57%)
• ETH IS UP 2.38% AT $ 1.890.23 (24hrs: -0.55%)
• Coindesk 20 IS UP 3.36% AT 2.592.81 (24hrs: -0.14%)
• Ether Cesr Composite Staking Rate Is Down 17 BPS at 2.99%
• BTC FUNDING RATE IS AT 0.0025% (2.79% Annualized) On Binance

• DXY IS UNCHANGED AT 103.88
• GOLD IS UP 0.71% AT $ 3,000.95/OZ
• Silver is up 0.83% AT $ 33.97/Oz
• Nikkei 225 Closed +0.72% AT 37,053.10
• Hang Seng Closed +2.12% AT 23,959.98
• FTSE IS UP 0.49% AT 8,584.53
• Euro Stoxx 50 IS Up 0.69% AT 5.365.00
• Djia Closed On Thursday -1.3% AT 40,813.57
• S&P 500 CLOSED -1.39% AT 5.521.52
• NASDAQ CLOSED -1.96% AT 17,303.01
• S&P/Tsx Composite Index Closed -0.9% AT 24,203.23
• S&P 40 Latin America Closed +0.73% AT 2.343.21
• US 10-YEAR Treasury Rate is up 2bps at 4.3%
• E-mini S&P 500 Futures Are Up 0.67% AT 5,564.75
• E-mini NASDAQ-100 Futures Are Up 0.9% AT 19,421.50
• E-mini Dow Jones Industrial Average Index Futures Are Up 0.42% AT 41,036.00

Bitcoin Stats:

• BTC Dominance: 61.82 (0.26%)
• Ethereum to Bitcoin Ratio: 0.02288 (-0.48%)
• Hashrate (Seven-Day Moving AVERAGE): 825 eh/s
• HashPrice (Spot): $ 47.3
• Total Fees: 5.55 BTC / $ 456,716
• CME FUTures Open Interest: 144,785 BTC
• BTC PRICED IN GOLD: 27.7 OZ
• BTC VS Gold Market Cap: 7.86%

Technical Analysis

• Bitcoin have rebounded off is Weekly 50-Day Ema, A Historically Significant Support Level During Past Uptrends. In previos cycles, this touchpoint offen to a Consolidation Phase Lasting 6 to 9 Weeks Before Resuming Momentum.
• For Bulls, MainTAINING A Weekly Close Above the 50-Day Ema Is Crucial, As Sustaned Price Action Below This Level Could Signal Deeper Weakness. Additionally, Reclaiming the Yearly Open – Aligned with Previous Range Lows – Wound Strengthan Bullish CONVICATION.
• Without this reClaim, any short-term bounces risk turning into bearish retests, reinforcing the Breakdown in Market Structure on the Weekly Timeframe.

Crypto equities

• Strategy (Mstr): Closed On Thursday at $ 263.26 (+0.27%), UP 3.34% AT $ 272.04 in Pre-Market
• Coinbase Global (Coin): CLOSED AT $ 177.49 (-7.43%), UP 2.89% AT $ 182.62
• Galaxy Digital Holdings (GLXY): CLOSED AT C $ 16.62 (-5.03%)
• Mara Holdings (Mara): CLOSED AT $ 12.16 (-7.25%), UP 3.37% AT $ 12.57
• Riot Platforms (Riot): CLOSED AT $ 7.31 (-6.88%), UP 2.74% AT $ 7.51
• Core Scientific (Corz): CLOSED AT $ 8.66 (-3.24%), Down 2.89% AT $ 8.91
• Cleanspark (CLSK): CLOSED AT $ 7.69 (-5.06%), Up 3.25% AT $ 7.94
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 14.57 (-4.71%)
• Semler Scientific (SMLR): CLOSED AT $ 32.62 (-2.92%)
• Exodus Movement (Exod): Closed At $ 26.08 (-4.92%), Down 3.6% AT $ 25.14

ETF FlowsSPOT BTC ETFS:

• Daily Net Flow: -$ 135.2 Million
• Cumulative Net Flows: $ 35.35 Billion
• Total BTC Holdings ~ 1,115 Million.

Spot eth etfs

• Daily Net Flow: -$ 73.6 Million
• Cumulative Net Flows: $ 2.58 Billion
• Total Eth Holdings ~ 3.545 Million.

Source: Farside Investors

Overnight FlowsChart of the day

• With Gold Reaching A New All-Time High of $ 3,000, The Gold/BTC Ratio has Reached 0.037, The Highest Level Since the US Elections on Nov. 5th.

While You Were Sleeping

• Russia Leans on Cryptocurrencies for Oil Trade, Sources Say (Reuters): Some Russian Oil Firms Reportedly Use Cryptocurrencies to Bypass Sanctions and Streamline and India Into Rubles.
• Bofa Says US Stocks Rout Is Correction, Not Start of Bear Market (Bloomberg): Strategist Michael Hartnett Suggests Buying The S&P 500 IF IF IT NEARS 5,300, PROVIDED INVESSOR CASOR CACEVESTOR Risk Premiums Widen, and Stock Sell-Offs Accelerate.
• Trump-Backed World Liberty Financial (Wlfi) Completes $ 590m Token Sale (Coindesk); Despite Early Reports of Sluggish Sales, The Trump-Associated Crypto Project Raceded $ 590 Million in a Token Sale Restricted to Accessed Invistors, With Justin Sun.
• Ai’s Lead overo Crypto for vc dollars increasted in Q1’25, but does this race realy matter? .
• A New Hope for Europe’s Ailing Economies: The Militation (The Wall Street Journal) Industrial Capacity, Particularly in Sectors Like Robotics, Satellite Networks, and Autonomous Systems.
• UK Economy Unexpectedly Contracted 0.1% in January (Financial Times): The British Pound Fell 0.2% Against the Dollar After Weak GDP Data. CHANCELOR RACHEL REEves is Expert to AnnoUnce Potential Spending Cuts in the March 26 Spring Statement.

In the Ether