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Russia is stepping up now that Washington has embraced bitcoin. Soon a Russian strategic reserve? It is done, the United States has officially adopted Bitcoin as a reserve currency . Bo Hines, one of the twelve members of the crypto council, stated he wants to “buy as much bitcoin as possible”. There is “no limit” . It seems that the Americans want to act quickly and forcefully to avoid being left behind. Senator Cynthia Lummis has just reintroduced the “Bitcoin Act” in the Senate, proposing to buy 200,000 BTC per year through the sale of gold stocks. A dozen senators have already shown their support. Senator Jim Justice said at the beginning of the week: “We have gone from the horse to the car, then to the plane, and now, we are aiming for Mars. In the world of finance, we need to do the same”. The CEO of the exchange platform Coinbase also shares this view. He stated some time ago at the World Economic Forum: “Bitcoin is a better form of money than gold. It is important for governments to hold bitcoin as a store of value. It may be 1% of their reserves at the start, but I believe that in the end, the share of bitcoin will equal or even exceed that of gold.” Mr. Armstrong believes that the American strategic reserve will lead the rest of the G20 to take an interest. The CEO of Coinbase also revealed this Thursday that the launch of the United States’ strategic bitcoin reserve has sparked increased interest from governments worldwide… In other words, several countries are already trying to outpace the United States. We know that the Czech Republic is considering placing part of its reserves in bitcoin and that several countries have already had this audacity. This is the case for Bhutan, El Salvador, and the United Arab Emirates. Things are also moving in Russia where Duma Deputy Anton Tkachev proposed creating a strategic reserve a few months ago. Vladimir Putin himself praised bitcoin as an alternative to foreign currency reserves. “Why accumulate reserves if they can be lost so easily?”, he declared last December. For the Russian president, bitcoin is a potential solution: “Who can ban bitcoin? No one. Whatever happens to the dollar, these new technologies will develop one way or another […]”. The CEO of Biriver, Igor Runets, Russia’s largest miner, also spoke out on his Telegram account: “A logical question arises: is a strategic reserve of bitcoins possible in Russia? There is no doubt that the Russian financial system would benefit from it”. It was written that the disconnection from SWIFT and the freezing of its reserves would push Russia towards bitcoin. Moreover, Mr. Putin has not made the lifting of these sanctions a prerequisite for making peace with Ukraine. Perhaps he is considering betting on bitcoin now that the United States is all-in? In reality, that is already the case. Reuters reports today that Russian oil companies are already using it to trade with China and India… It is only a matter of time before the entire world uses bitcoin as an international reserve currency and alternative payment system. Don’t miss our article: The United States will erase the debt with Bitcoin .

BlackRock plans to initiate XRP exchange-traded fund (ETF) submissions after Ripple solves its extended litigation with the U.S. Securities and Exchange Commission (SEC). The head of The ETF Store, Nate Geraci expects BlackRock to engage in activity against competing cryptocurrency exchange-traded fund launches based on his expertise. The company can file a Solana ETF proposal whenever BlackRock determines to proceed. Institutional investors currently express increased interest in launching Exchange-Traded Funds that use altcoin assets. The firm operates trillions worth of assets but has only launched Bitcoin and Ethereum crypto ETFs until now. Market experts anticipate that BlackRock will possibly expand its investment approach to encompass alternative digital currencies. Franklin Templeton joined other financial giants by submitting a request to create an XRP ETF under its management of $1.5 trillion assets this past week. The industry has witnessed an important development since previous applicants have mostly operated as small crypto-specialized entities. The intensified institutional support for XRP-based capitalist products indicates increasing market value for XRP financial solutions. The SEC extended its decision making process for various XRP ETF applications that crypto asset manager Grayscale submitted alongside other applicants. SEC has adopted conservativeness as the dominant factor when evaluating cryptocurrency-based ETFs which focus on altcoins. The prolonged wait for review decisions creates uncertainties regarding the estimated time required for authorities to give their approval. BlackRock executives indicate that the release of new cryptocurrency ETFs might extend into the distant future despite the increasing demand for altcoin ETFs. Chief investment officer Samara Cohen from BlackRock announced that the company first needs to focus on its already-launched Bitcoin and Ethereum ETFs. Jay Jacobs from the firm’s thematic and active ETF department stated that their main attention is dedicated to Bitcoin and Ethereum cryptocurrencies. According to Geraci, BlackRock will eventually increase its crypto Exchange-Traded Funds despite its current leadership taking cautious measures. BlackRock could establish XRP and Solana ETFs due to competitive pressure in an evolving market from competitors creating similar funds. Multiple crypto-based ETFs may appear in the market due to rising institutional fascination. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Tether has witnessed a significant surge in on-chain activity in recent weeks, which could signal potential buying pressure following the latest crypto dip. Market intelligence platform Santiment says on-chain data related to Tether ( USDT ) points in this direction. In particular, analysts at the on-chain and social metrics monitoring platform believe a spike in USDT volume indicates a shift in trader dynamics as they look to pounce on the available opportunity. In the market, major price drops often see traders retreat to top stablecoins, using the loaded-up buying power to flock into Bitcoin ( BTC ) and other top coins when the opportunity arises. Data Santiment has collated shows USDT recorded a six-month high for the number of wallets making transfers in a single day. “Tether’s on-chain activity has been rapidly rising, with over 143K wallets making transfers yesterday alone (a 6-month high). When $USDT & other stablecoin activity spikes during price drops, traders are preparing to buy,” the platform posted on X. According to the analysts, the rise in buying pressure has often aided the crypto market’s recovery. Mainly, this is because during sell-offs, stablecoins such as USDT and USDC ( USDC ) come in handy. Traders worried about potential dumps often cash out, taking stablecoins as potential store-of-value assets. When sentiment flips, these offer an opportunity to scoop up profitable deals. With BTC and altcoins experiencing huge losses amid broader risk-off sentiment, Tether’s on-chain activity has soared. The daily active address count and network growth over the past week mirror Tether activity in mid-September, Santiment noted. On September 14, for instance, Tether saw the creation of 53,767 new wallets in one day. The overall surge aligned with the “ideal buy time before the bull run” that saw Bitcoin go on to hit an all-time high above $109k. Could the 143,480 USDT wallets that undertook transfers on March 11, 2025, portend a similar scenario?

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Ethereum price has been experiencing significant downward pressure, leaving investors wondering if this is a buying opportunity or the start of a prolonged decline. The recent price action has shown Ethereum struggling to hold key support levels, with ETH price currently trading at $1,887. The cryptocurrency market, including Ethereum, has been facing challenges due to macro uncertainty, regulatory concerns, and decreased investor confidence. With Ethereum’s RSI (Relative Strength Index) at 23.61, it has entered oversold territory, which often signals that a potential bounce could be on the horizon. However, the MACD (Moving Average Convergence Divergence) remains deep in negative territory, suggesting that bearish momentum is still in control. This raises the key question— will Ethereum stage a strong rebound, or is ETH heading for further losses? Ethereum’s decline can be attributed to multiple factors, including overall market sentiment, increasing competition from alternative blockchains, and macroeconomic conditions. The broader cryptocurrency market downturn has led to significant liquidations, and Ethereum has not been immune to this trend. Ethereum gas fees have remained volatile, making some users migrate to cheaper Layer-1 and Layer-2 solutions. These challenges have raised questions about whether Ethereum’s dominance in the smart contract ecosystem is under threat. Despite these concerns, Ethereum continues to have strong institutional backing, a robust developer community, and ongoing network upgrades. However, the price action remains bearish in the short term, and Ethereum must reclaim key levels to confirm a bullish reversal. Ethereum’s price action remains under strong selling pressure , and the current chart suggests that ETH is testing a critical support zone between $1,850 and $1,800. If Ethereum fails to hold this level, further downside could push ETH toward $1,600 or even $1,400 in an extreme bearish scenario. The RSI at 23.61 indicates that Ethereum is oversold, suggesting that a bounce could be expected soon. Historically, ETH has seen strong recoveries when RSI dips below 30, but this is not a guaranteed reversal. For a bullish comeback, Ethereum must reclaim $2,000 and hold it as support. The MACD remains deep in negative territory, showing that bearish momentum is still dominant. Until Ethereum sees a bullish crossover on the MACD, buyers should remain cautious. If Ethereum manages to hold the $1,850 support and break back above $2,200, it could signal a trend reversal, with a mid-term target of $2,500-$2,700. However, if sellers maintain control and ETH loses $1,800, further declines could be in store before a recovery can take place. Ethereum remains a long-term powerhouse in the blockchain space, and its fundamentals continue to be strong. The Ethereum network upgrade roadmap, institutional interest, and increasing real-world use cases make it a compelling investment. However, the short-term technical outlook remains uncertain. In a bearish scenario , Ethereum could see a deeper correction, testing $1,600-$1,400 before finding significant support. If the crypto market enters a prolonged bear phase, ETH might struggle to regain momentum in the short term. In a bullish scenario, if ETH price reclaims $2,500 and breaks key resistance at $3,000, it could regain its uptrend and push toward $4,000-$5,000 in 2025. A major catalyst, such as institutional adoption, ETF approval, or increased DeFi activity, could fuel a strong rally for Ethereum. ETH price is currently at a critical decision point, and its next move will determine whether it rebounds or continues its downtrend. While the long-term fundamentals remain bullish, the short-term price action suggests that Ethereum is still under pressure. For investors looking for short-term gains, waiting for confirmation of a reversal above $2,200 would be a safer strategy. However, for long-term holders, Ethereum at these levels presents a solid accumulation opportunity, given its historical tendency to recover strongly after major corrections. Ethereum’s future remains bright, but in the short term, traders should watch key support levels and technical indicators before making decisions. If ETH can hold above $1,850 and reclaim $2,200+, a rally toward new highs in 2025 remains a strong possibility.