In a pre-recorded address to the Blockworks Digital Assets Summit in New York City, President Donald Trump vowed to make the United States 'undisputed Bitcoin superpower and crypto capital of the world' . He emphasized efforts to end previous regulatory restrictions on crypto and called for Congress to establish clear regulations to help keep innovation and investment in America. Trump highlighted initiatives such as the creation of a strategic Bitcoin Reserve, likened to a digital Fort Knox, and actions taken to stop "Operation Chokepoint 2.0," which allegedly aimed to debank cryptocurrency tech founders. ​

MicroStrategy, known for its substantial Bitcoin holdings, announced plans to sell stock to raise up to $21 billion for further investments in Bitcoin. The company recently spent $11 million to acquire 130 Bitcoin at an average price of $82,981, marking its smallest purchase in nearly a year. This cautious approach may reflect concerns about the impact of U.S. President Trump's tariffs and a potential reduction in risk appetite among investors. ​

Bitcoin ETFs saw a strong week, with significant inflows reversing prior outflows. The standout performer was BlackRock’s IBIT, which brought in $218.1 million on March 18 and $172.1 million on March 20, contributing to a total net inflow of $660 million+ for the week. Fidelity’s FBTC also posted a solid $127.3 million inflow on March 17, signaling continued institutional accumulation.

Ethereum ETFs continued to struggle, posting five consecutive days of outflows. The largest outflows came from BlackRock’s ETHA (-$40.2M on March 18) and Grayscale’s ETH, contributing to total weekly net outflows of over $125 million.

The price of XRP surged over 8% after Ripple's CEO announced that the Securities and Exchange Commission (SEC) had dropped its four-year case against the company. The SEC had accused Ripple of raising $1.4 billion through unregistered securities sales of XRP. This development is part of the Trump administration's efforts to ease cryptocurrency regulations, contrasting with the previous administration's stricter stance. ​

This week's crypto market saw LOAN Protocol (LOAN) leading the gains, up 12.3%, followed by Litecoin (LTC) at 2.1% and Ethereum (ETH) at 1.6%. Metal DAO (MTL) and XPR Network (XPR) also saw modest increases, up 1.4% and 1.3%, respectively.

Overall, the market remains cautiously optimistic, with Ethereum and Bitcoin showing some resilience despite ongoing macroeconomic concerns.

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