The crypto market had an eventful week, with some major price movements, regulatory developments, and key trends shaping the space. Whether you’re just getting started or keeping an eye on the market, here’s everything you need to know from this past week.
Market Overview: Bitcoin and Ethereum Hold Strong
This week, the crypto market showed resilience, with Bitcoin (BTC) and Ethereum (ETH) maintaining strong positions despite some volatility. While prices fluctuated, overall market sentiment remained bullish, with traders and analysts monitoring key technical levels.
Bitcoin (BTC): Institutional Demand Drives Strength
Bitcoin (BTC) began the week trading around $86,000 and reached a high of $90,604 on March 6, 2025, before experiencing a slight pullback to $86,142 as of March 9, 2025. Despite short-term price swings, BTC’s overall trend remains positive, with traders watching the next resistance level at $90,000.
What’s Behind BTC’s Strength?
One of the major driving forces behind Bitcoin’s price action this week was institutional accumulation. Large financial players, such as investment firms and hedge funds, continue to add Bitcoin to their holdings, signaling long-term confidence in its value. This trend is largely fueled by:
- Bitcoin ETFs Attracting Investors: The approval and growing adoption of Bitcoin exchange-traded funds (ETFs) have introduced a new wave of institutional investment, making BTC more accessible to traditional investors.
- Supply Shock & Halving Narrative: The next Bitcoin halving event, expected in April 2024, will cut mining rewards in half, reducing the rate at which new BTC enters circulation. Historically, this event has led to long-term price appreciation due to decreased supply.
- Growing Adoption & On-Chain Data: On-chain analytics show large Bitcoin withdrawals from exchanges, a sign that investors are moving their BTC to private wallets, which typically indicates holding for the long term (HODLing) rather than selling.
Key Levels to Watch for BTC:
- Support: $85,000 – If BTC drops to this level, buyers may step in to push the price back up.
- Resistance: $90,000 – If BTC breaks through this level, it could signal the next upward move toward new highs.
Beginner Tip: When BTC is being heavily accumulated by institutions, it often suggests that large investors believe in its long-term value. Watching on-chain data, such as exchange outflows, can help you spot trends before they hit the mainstream news.
Ethereum (ETH): Layer-2 Growth & Network Upgrades Keep It Strong
Ethereum (ETH) held steady this week, trading within a range of $2,100 – $2,248. As of March 9, 2025, ETH is priced at $2,138.89, showing a slight increase from the previous day. ETH continues to show strength as the second-largest crypto by market cap, thanks to increasing network adoption and upcoming technical improvements.
Why is ETH Holding Up Well?
- Layer-2 Adoption on the Rise: Ethereum’s Layer-2 networks (such as Arbitrum, Optimism, and Base) have seen a surge in usage, reducing congestion on the main Ethereum blockchain and lowering transaction fees. This makes Ethereum’s ecosystem more attractive for developers and users.
- Upcoming Ethereum Upgrades: The Ethereum development team is preparing for Dencun, a major network upgrade that aims to improve scalability and lower fees. The key feature in this upgrade is Proto-Danksharding, which will significantly reduce transaction costs for Layer-2 solutions.
- DeFi & NFT Activity Remains Strong: While the NFT market has cooled down compared to its 2021 peak, Ethereum remains the go-to blockchain for DeFi and Web3 applications. Increased usage of decentralized finance (DeFi) protocols is helping sustain ETH’s long-term value.
Key Levels to Watch for ETH:
- Support: $2,100 – If ETH drops to this level, it could see increased buying pressure.
- Resistance: $2,460 – A breakout above this could signal strong bullish momentum.
Beginner Tip: Ethereum’s Layer-2 solutions are designed to make transactions cheaper and faster. If you’re new to Ethereum, keep an eye on projects like Arbitrum and Optimism—they help scale the network and could be key players in the future of blockchain.
The Bigger Picture: What This Means for the Market
- Bitcoin’s steady institutional demand and the upcoming halving event are keeping its long-term outlook bullish.
- Ethereum’s strong network fundamentals and Layer-2 expansion are creating more real-world use cases, which could drive demand for ETH over time.
- Overall Market Sentiment: While short-term volatility is expected, the broader trend remains positive as more investors view crypto as a legitimate asset class.