As Bitcoin (BTC) and the overall crypto market continue to confuse investors and traders with massive price fluctuations, BlackRock, the world’s largest asset manager has garnered significant attention with its recent actions.
BlackRock’s $40 Million Worth BTC Purchase
Today, March 18, 2025, amidst another market price drop, the asset manager seized the opportunity and purchased $40 million worth of Bitcoin (BTC), as reported by the on-chain transactions tracker Arkham on X (formerly Twitter).
This significant purchase by BlackRock is giving investors and long-term holders hope and further hinting that this could be an ideal buying opportunity or the best time to accumulate BTC, as the asset’s price has significantly fallen in recent days.
Arkham’s post also noted that BlackRock is not the only one capitalizing on the recent price drop, Fidelity and ARK Invest, two other giant asset managers, are also following suit by purchasing significant amounts of BTC.
Current Price Momentum
Despite this positive development in the crypto landscape, the market remains unchanged. BTC is currently trading near $81,900 and has experienced a price drop of over 2% in the past 24 hours. However, during the same period, data shows a decline in investor and trader participation, as the asset’s trading volume has dropped by 8%.
Bitcoin (BTC) Technical Analysis and Upcoming Level
With the recent price drop, BTC has lost its crucial support from the inclined trendline it had maintained since March 11, 2025. Based on expert analysis and BTC’s price action, if the asset continues to trade below the $82,000 mark, there is a strong possibility it could drop by another 4.5%, reaching the $78,000 level in the near future.
Source: Trading View
This ongoing market uncertainty has pushed BTC below the 200 Exponential Moving Average (EMA), indicating that the asset is in a downtrend.
Perpetuals, Made In USA coins, and meme coins are the top three crypto narratives to watch for the second week of March. Perpetuals tokens like HYPE and WOO are down over 12%, but strong trading activity and high revenue suggest a potential rebound.
Made In USA coins, including PI, ADA, and HBAR, have suffered major losses amid broader market turmoil, but the recovery could be near if market conditions stabilize. Meme coins have been hit hard, but their history of sharp rebounds suggests they could lead the next rally if sentiment shifts.
Perpetuals
Perpetuals coins appear to be setting up for a rebound after a rough week, with HYPE and WOO both down more than 12% in the last seven days. Perpetuals platforms are exchanges that allow traders to buy and sell perpetual futures contracts, which have no expiration date.
These platforms use a funding mechanism to keep contract prices aligned with the spot market while enabling traders to take long or short positions with leverage.
Despite the recent downturn in some perpetuals tokens, the sector continues to see strong activity, with high trading volumes and fees generated across key platforms.
Biggest Coins by Market Cap (Perpetuals). Source: CoinGecko.
However, this level of dominance also suggests that the market has room for competitors to emerge and challenge its position. Arkham, for instance, has surged 14% in the last 24 hours. That signals that some traders are betting on alternative projects within the perpetuals ecosystem.
Overall, these trends make perpetuals one of the must-watch crypto narratives of the week.
Made In USA Coins
The biggest Made In USA coins have all suffered significant losses in the past week, with PI dropping 22.6%. ADA and HBAR both down 18.9%. Made In USA coins refer to cryptocurrencies that have strong ties to the United States, whether through their founding team or company headquarters.
This category includes projects that often attract regulatory scrutiny or benefit from US-based institutional backing. The latest downturn aligns with broader market weakness, as both the crypto and stock markets have been hit hard in the past 24 hours.
Biggest Made In USA Coins by Market Cap. Source: CoinGecko.
The US stock market saw a massive $4 trillion wipeout following Trump’s push for new tariffs. Given the scale of this correction, a potential rebound could be on the horizon if investors view the recent dip as an overreaction. That could positively impact crypto, driving a new surge.
Historically, sharp declines in both crypto and equities have been followed by strong recoveries, especially when macroeconomic fears subside.
This volatility has been evident in the past week, as the biggest meme coins have taken a heavy hit. Dogecoin (DOGE), the largest meme coin by market cap, has dropped more than 17% in the last seven days.
TRUMP is down over 14%, and PEPE and BONK have both lost more than 10% during the same period.
Biggest Meme Coins by Market Cap. Source: CoinGecko.
However, if the crypto market stages a rebound this week, meme coins could see some of the strongest recoveries. Historically, these assets tend to outperform in fast-moving uptrends due to their speculative nature and the rapid inflow of retail interest.
The last major surges in meme coins occurred after broader market rebounds reignited hype and aggressive buying activity.
If sentiment shifts and liquidity returns, DOGE, TRUMP, PEPE, and BONK could quickly reclaim lost ground. That could potentially lead to another wave of explosive gains in the meme coin sector.
Starknet (STRK) remains under pressure, but signs of stabilization are beginning to emerge. Despite releasing 127.6 million tokens into circulation in its next unlock, the project is pushing forward with adoption efforts, including enabling STRK payments in 15,000 shops worldwide.
Technically, the RSI is in neutral territory, and the CMF is showing reduced selling pressure, hinting at a potential shift in momentum. However, the EMA lines still reflect a downtrend, keeping the outlook cautious for now.
Starknet RSI Is Still Neutral
Starknet was one of the most anticipated token unlocks of the third week of April, releasing 127.6 million STRK tokens worth approximately $15.71 million into circulation.
Despite this major supply event, the project is trying to build long-term utility.
Recently, it announced that STRK can now be used for payments in 15,000 shops worldwide—a move aimed at boosting adoption and real-world use cases.
From a technical perspective, STRK’s RSI is currently at 42.92, recovering from 37.29 yesterday but slightly down from 44.76 earlier today.
The Relative Strength Index (RSI) measures momentum on a scale from 0 to 100, with readings above 70 typically indicating overbought conditions and below 30 signaling oversold territory.
An RSI around 43 suggests neutral-to-bearish momentum, with sellers still maintaining some control. If RSI continues to climb, it could signal a shift toward a recovery, but for now, STRK remains in a cautious zone.
The CMF is a volume-based indicator that measures the flow of money into or out of an asset over time. It ranges from -1 to +1, with values above 0 indicating buying (accumulation) and below 0 indicating selling (distribution).
Although still in negative territory, the rise toward the neutral line suggests that bearish momentum is weakening. A CMF reading of -0.10 points to moderate outflows, but the upward shift could hint at growing interest from buyers.
If this trend continues and CMF crosses into positive territory, it may support a short-term recovery in STRK’s price.
Will Starknet Fall Below $0.11?
Starknet’s EMA lines continue to reflect a downtrend, with short-term averages positioned below long-term ones—a classic bearish setup.
If this pattern holds and selling pressure increases, STRK could decline further to test the support level near $0.109.
The Ethereum network has gradually improved in the past few years to remain competitive via its L2.
ETH price has yet to invalidate the multi-week falling trend experienced in Q1.
The negotiations of the global trade wars have not spared the wider crypto market, amid an ongoing capital flight to the Gold market. The significant adoption of digital assets by institutional investors and nation-states has significantly complicated the 2024/2025 cryptocurrency bull cycle.
On Wednesday, Federal Reserve Chairman Jerome Powell noted that markets will record continued volatility, amid ongoing decoupling between the United States and China.
Ethereum Network Ready for Bullish Sentiment
According to market data from Santiment, Ethereum’s average network fees have dropped to a five-year low of about $0.168. Interestingly, the Ethereum network recorded earlier on Wednesday the cheapest daily cost of transactions since May 2, 2020.
The Ethereum network has experienced significant competition from other upcoming layer one (L1) blockchains led by Solana (SOL) in the past few years. However, the Ethereum core developers, led by Vitalik Buterin, have made significant network upgrades to ensure competitiveness ahead.
Since 2021, the Ethereum network has experienced a series of major upgrades, led by the London hard fork (EIP-1559), the Merge, the Dencun in 2024, and recently Pectra upgrade. As a result, the Ethereum network has become increasingly usable
Key Ether Price Targets to Monitor
After being trapped in a falling trend since early December 2024, Ethereum’s price has potentially hit the bottom, based on historical trends. According to crypto analyst Benjamin Cowen, Ether’s price, against the U.S. dollar, has been following a similar fractal pattern to the 2020/2021 bull cycle.
Market data from Santiment shows Ethereum price has established a robust support level about $1,528, where 2.61 million addresses accumulated over 4.82 million Ether.
With the gradual recovery of Ethereum Open Futures (OI) amid notable decline in Ether YTD, a potential rebound towards $2.1k is more likely to happen.
The post Ethereum Fees Hit 5-Year Low: Can Ether Bulls Seize the Opportunity? appeared first on Coinpedia Fintech News
The Ethereum network has gradually improved in the past few years to remain competitive via its L2. ETH price has yet to invalidate the multi-week falling trend experienced in Q1. The negotiations of the global trade wars have not spared the wider crypto market, amid an ongoing capital flight to the Gold market. The significant …