Crypto Market of the Week Mid-March 2025: Bitcoin Rebounds Ahead of FOMC Decision!

Jakarta, Pintu News – The cryptocurrency market ended the week with optimism after experiencing a significant price recovery. Bitcoin (BTC) managed to bounce back from a low of Rp1,238,800,000 ($76,000) to Rp1,369,200,000 ($84,000) ahead of the Federal Open Market Committee (FOMC) decision on March 19, 2025.

Besides Bitcoin, several major altcoins have also shown positive trends, pushing the global crypto market capitalization back close to IDR 48,900 trillion ($3 trillion). Investors and traders are now waiting to see if this recovery can continue after the monetary policy announcement from the US Federal Reserve.

Key Developments in the Bitcoin Market

Institutional Support for Bitcoin

In the past week, Bitcoin has received strong support from major financial institutions. Cantor Fitzgerald, a global financial services company, launched a Rp32.6 trillion ($2 billion) Bitcoin financing business, working with Anchorage Digital and Copper to provide secure access for institutional investors.

In addition, Ark Invest led by Cathie Wood increased their Bitcoin holdings by purchasing 997 BTC worth Rp1.3 trillion ($80 million) through Coinbase. Meanwhile, about 95% of investors in Bitcoin ETFs in the US still maintain their holdings, indicating long-term confidence in BTC’s price outlook.

Other support is coming from the world’s major stock exchanges. Singapore Exchange (SGX) plans to launch a Bitcoin futures contract, while Clearstream, the post-trading unit of Deutsche Boerse, plans to offer custodial services for Bitcoin and Ethereum (ETH) before the end of this year.

Also Read: Ethereum Prediction: Recovery or Bearish Signal? Here’s the Mid-March 2025 Technical Analysis!

Impact of Economic Data on Crypto Market

The crypto market saw a recovery after the latest US inflation data showed a slowdown, which provided support for risky assets. With expectations that the Fed will maintain current interest rates, the market sees an opportunity for Bitcoin and other crypto assets to continue their bullish trend.

However, some uncertainties still haunt the market, including the newly announced US trade policy by Donald Trump, which had previously caused pressure on global financial markets. If monetary and trade policies remain stable, the recovery in crypto prices may continue.

Bitcoin and Altcoin Price Movement Predictions

Currently, Bitcoin is trying to break the resistance level at Rp1,450,000,000 ($89,000). If BTC manages to pass this level, there is potential for an increase towards Rp1,515,000,000 ($92,956) or even Rp1,579,000,000 ($96,827).

However, if selling pressure increases, BTC could again test support around IDR1,304,000,000 ($80,000) or lower at IDR1,238,800,000 ($76,000). With the upcoming FOMC decision, price volatility is likely to increase in the next few days.

Besides Bitcoin, major altcoins such as Ethereum (ETH) and Solana (SOL) are also showing recovery. If market sentiment remains positive after the Fed’s announcement, a potential further rally in the altcoin market could also occur.

Conclusion: Is the Crypto Market About to Enter a Bull Cycle?

The crypto market is showing strong signs of recovery, especially with Bitcoin’s rebound and a significant influx of institutional investment. However, the Fed’s decision and other macroeconomic factors are still the main determining factors in price movements.

If economic conditions remain favorable, Bitcoin and altcoins could continue their rally towards higher price levels. However, investors should still be cautious of the potential volatility that could occur after the FOMC announcement.

Also Read: XRP Predictions and Impact on Crypto Market: 8% Drop After Positive Trend March 2025

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape Staff. Crypto Market This Week: BTC Rebounds Ahead of FOMC, Macro Heat Over? ( Accessed March 17, 2025).
• Featured Image: Generated by AI