Weekly Wire | Bitcoin Struggles as Markets Hold Steady Ahead of Key Decisions
Published on
March 17th, 2025
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Bitcoin Trading: Hodl Steady
Bitcoin traded within a narrow range over the weekend, bouncing between 82K and 85K as it consolidated near a 20% decline from its all-time high. Altcoins remained subdued, continuing to trade within recent ranges as markets await clearer direction. Broader markets are also in a holding pattern, with stock indices and the dollar consolidating after trending lower for two weeks amid reactions to Trump administration tariff policies and comments about the stock market.
Notably, Michael Saylor's latest strategy hasn’t boosted sentiment, as MicroStrategy announced its smallest bitcoin purchase yet—just $10.7 million—while the company’s total holdings approach 500,000 BTC. Read more from The Block.
Above, current 15-day historical volatility, 48% to 82%.
Source: Deribit
Looking ahead, economic data and geopolitical events will take center stage this week. Interest rate decisions are expected Wednesday from the Bank of Japan and the Federal Reserve, with the Bank of England following on Thursday. On the geopolitical front, President Trump is set to speak with Russian President Vladimir Putin on Tuesday regarding efforts to end the war in Ukraine. Read more from The Wall Street Journal. Additionally, developments around tariffs remain a critical driver of global economic sentiment.
Source: Investing.com
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