From the observation that gold outperforms Bitcoin in 2025 to Russia highlighting the role of digital assets for the future of BRICS, here are some key highlights in the crypto market.
Bitcoin News
Bitcoin is struggling in 2025. Since the beginning of the year, the price of this asset has decreased by over 11%, currently trading around $82,200.
This decline seems to reflect the situation in the U.S. stock market, where the S&P 500 has dropped by 5.44%. But while Bitcoin and stocks are declining, gold is surging.
Gold prices have risen by 17.56% this year, reaching $3,085, raising the debate over whether investors are moving away from Bitcoin. Some experts believe this trend could spell trouble for the crypto market, as gold supporter Peter Schiff even predicts Bitcoin could drop to $10,000 if gold prices surpass $5,000.
Peter Schiff, a frequent critic of Bitcoin, believes that this cryptocurrency has no real value and could collapse sharply if gold prices continue to rise.
He argues that Bitcoin prices are primarily driven by speculative activity, while gold has maintained its position as a reliable store of value for many centuries.
Despite skepticism, Schiff acknowledges that Bitcoin has become popular among young investors, who see it as a digital alternative to gold.
By early 2025, one ounce of gold will be worth 0.02771 BTC. Since then, the value of gold compared to Bitcoin has increased by over 32.8%. Currently, one ounce of gold is worth at least 0.03680 BTC, peaking at 0.03763 BTC on March 11, 2025. Just yesterday, gold prices surged by an additional 5.47% against Bitcoin.
This means that Bitcoin has lost nearly 33% of its value compared to gold since January. Back in December 2021, 1 Bitcoin was worth 41 ounces of gold, but it is now only worth 27.4 ounces.
Gold/BTC Chart | Source: TradingView
Meanwhile, veteran trader Peter Brandt warns that the Bitcoin price chart is completing a bearish wedge pattern, which could pull prices down to $65,635.
Analyst Michael van de Poppe emphasized $84,000 as a crucial support level. He predicts that if Bitcoin falls below this level, it could trigger strong downward momentum and lead to further losses.
Not all analysts are pessimistic. Some believe that Bitcoin may have hit bottom.
ByteTree founder Charlie Morris believes that Bitcoin has hit bottom and is unlikely to drop much further.
Meanwhile, Robert Kiyosaki continues to trust gold as a hedge against inflation but believes that silver could outperform both gold and Bitcoin in the near future.
Is Brazil the next country to adopt Bitcoin reserves?
The Brazilian government has declared that Bitcoin reserves are essential for the country's prosperity.
To support this vision, Congress is considering a bill to allocate 5% of Brazil's national reserves to Bitcoin, signaling a significant shift toward crypto adoption.
If passed, this move could position Brazil as a leader in integrating Bitcoin into its financial strategy, boosting economic resilience and preventing the devaluation of fiat money.
This decision reflects the global trend of countries treating Bitcoin as a strategic asset.
Ethereum News
Two Ethereum (ETH) whales on the Maker platform are at risk of total liquidation of $238 million due to falling ETH prices.
According to data from Lookonchain, the total of 125,603 ETH they hold currently has a health ratio of 1.07. The liquidation prices are $1,805 and $1,787, respectively.
First wallet: Holds 64,729 ETH ($122.7 million), owes 68 million DAI ($58 million), health ratio 1.07.
Second wallet: Holds 60,810 ETH ($115.2 million), owes 75.6 million DAI ($58.7 million), health ratio 1.04.
If ETH prices continue to decline, a wave of liquidations could trigger a sell-off, putting further downward pressure on the market.
AlvaApp warns that $1.3 billion in ETH is at risk of liquidation if prices drop to $1,929, $1,844, or $1,796, although some investors are still trying to buy in.
Maker's Liquidation 2.0 Module will automatically auction collateralized assets when liquidated, but recovery may be limited in a bear market.
Source: Lookonchain
Coinbase News
Industry executives say that Coinbase's emergence as the largest node operator of the Ethereum network raises concerns about centralization, which could worsen as the institutional adoption process accelerates.
On March 19, Coinbase announced a report revealing that the U.S. exchange controls over 11% of staked Ether, more than any other Ethereum node operator.
According to Karan Sirdesai, CEO of the startup Mira Network, Coinbase's dominance highlights the 'systemic issue in Ethereum's staking structure.'
According to reports, Coinbase controlled 3.84 million staked ETH for 120,000 validators, accounting for 11.42% of the total staked Ether as of March 4.
Binance News
Binance, the world's largest cryptocurrency exchange, has implemented two new mechanisms designed to enhance community participation in token governance: Vote to List and Vote to Delist.
These initiatives allow users to have a direct voice in deciding which tokens will be listed or delisted from the platform, suggesting a more decentralized decision-making process.
However, amidst the excitement, fake news began to spread claiming that Binance planned to delist Ethereum (ETH) from CEX.
This rumor quickly caused panic in the trading community, but Changpeng Zhao (CZ) issued a strong rebuttal to these claims: 'Anyone who believes this deserves to lose money.'
Despite CZ's rebuttal, rumors have sparked a widespread debate within the crypto community. A data analyst raised concerns in the comments, explaining the potential downsides of Binance's listing and delisting strategy.
According to the analyst, the prices of new tokens often spike due to hype, but then decrease by over 95% after unlock events.
OKX News
The Thai Securities and Exchange Commission (SEC) has filed a criminal complaint against Aux Cayes FinTech, the operator of the OKX exchange, along with 9 individuals.
The complaint arises from allegations that OKX provided crypto trading services without the necessary license, violating the country's 2018 digital asset business decree.
According to the SEC, OKX has served Thai users since 2021 through its website and media channels, charging a 0.1% trading fee. This regulatory action underscores Thailand's strict approach to unregulated digital asset platforms.
Terraform Labs News
Terraform Labs, the company behind LUNA and the algorithmic stablecoin TerraUSD (UST), will launch the damage compensation portal on March 31.
This portal aims to provide refunds for individuals who lost at least $100 due to the collapse of the Terra ecosystem in 2022.
This move comes after a Delaware court approved Terraform Labs to cease operations. The judge overseeing the case agreed to Terraform Labs' bankruptcy plan, describing it as a 'solution alternative' to further litigation.
Terraform Labs settled with the U.S. Securities and Exchange Commission (SEC) in June 2024 for $4.47 billion.
Scam & Hack News
Despite being one of the largest cryptocurrency exchanges in the world, Coinbase is under close scrutiny as more users become victims of scams.
According to ZachXBT, a Coinbase user lost $34.9 million to scammers on Thursday.
However, this is not an isolated trend, as Coinbase users have lost a total of over $46 million in scams in March.
Scammers targeting the exchange's user base and Coinbase customers should be vigilant against phishing attempts.
Other news
The Russian Finance Minister highlighted the role of digital assets for the future of BRICS.
Digital assets have become a crucial factor in international trade, and now even BRICS, a bloc led by countries like Russia, India, and China, has begun to eye them as part of its financial structure.
Russian Minister Anton Siluanov mentioned the potential role of digital financial assets in the BRICS bloc's trade context and global trade financing activities.
According to TASS, the official news agency of Russia, Siluanov stated that digital financial assets are part of the toolkit that will promote BRICS trade.
"We are considering various financial initiatives within BRICS, including a cross-border payment system that could rely on bilateral agreements, national currencies, while also considering digital technology and digital financial assets."
Australia's latest budget overlooks Bitcoin and other emerging technologies.
As countries around the world increasingly adopt more digital initiatives, the omission of Bitcoin and emerging technologies in the budget has raised concerns from the Australian public.
The Labour Party's budget did not highlight technology as a key focus, although it did not propose major cuts in other areas.
Instead, the report briefly mentions areas such as artificial intelligence (AI), cybersecurity, quantum computing, and online safety without allocating any new investments for these initiatives.
Two days later, opposition leader Peter Dutton also took a similar approach in his budget proposal. While mentioning the need for support in AI, automation, space, cybersecurity, nanotechnology, and biotechnology, there is very little detail about specific plans or funding sources.
Due to the lack of clear direction on technology investment, the budget has led many to question Australia's standing in the rapidly changing global technology landscape.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.
