📉 Market Snapshot & Analysis
Bitcoin is trading in a tight range around $108,800–$109,000, up modestly (~0.2–1%) over the last 24 hours. It remains ~3% below its May all-time high of ~$112K .
Ethereum has risen approximately 3%, holding around $2,600 .
Overall market capitalization is down ~2.4%, but major tokens like BTC and ETH continue to show resilience .
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🏦 Role of Spot ETFs
Institutional demand via spot ETFs is increasingly propping up current prices. On‑chain data indicate retail investor activity remains subdued, with inflows mostly coming through ETF channels .
Some analysts argue spot ETFs may be the key support preventing a pullback at the peak range ($108K–$110K) .
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🏛️ Regulatory & Political Developments
**"Crypto Week" in Congress**: House Republicans plan votes next week on three bills—including the bipartisan Genius Act (stablecoin regulation), Clarity Act (defining SEC vs. CFTC), and an anti-CBDC bill .
Trump Media files for a “Crypto Blue Chip ETF”: A proposed spot ETF composed of 70% BTC, 15% ETH, 8% SOL, 5% XRP, and 2% CRO—a broader offering than earlier versions .
U.S. Strategic Bitcoin Reserve: As of March 6, 2025, the U.S. executive order establishes a “Strategic Bitcoin Reserve” and digital asset stockpile using forfeited crypto .
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