Hi Siai,

It's been another volatile week in crypto. Bitcoin surged from around $67,000 to nearly $74,000 before pulling back, global markets reacted to rising oil prices and geopolitical tensions, and altcoins continued to struggle for momentum. While price action has been choppy, these kinds of conditions often create opportunities for active traders who are paying attention.

Here's what's been happening across the market this week, plus the latest updates from Day1x.

DAY1x UPDATES

• Last week's Day1x Leaderboard winners were ustrail2001, Ralz373, and
  IntegralHematiteHodl6639. Strong trading across the board and well deserved rewards. They received 100 USDT, 75 USDT, and 50 USDT respectively. 

• In last week's video, we accurately predicted the short Bitcoin rally from $67,000 to nearly $74,000 a full day before it happened. While the price has since retraced, the logic behind that call still holds and gives useful insight into what we're watching next. We also discussed Bitcoin vs gold during periods of geopolitical tension, and why both assets tend to attract attention when global uncertainty rises.

CRYPTO NEWS

• Bitcoin Attempts to Stabilise After Recent Drop
  Bitcoin is trading around $67,000 after recovering from a sharp pullback from $74,000 that triggered liquidations across the market. The asset has since entered a tightening consolidation range but continues to face resistance from declining moving averages. With markets expecting the Federal Reserve to keep rates unchanged at the March FOMC meeting, and geopolitical tensions in the Middle East rising, traders remain cautious about Bitcoin's next move.

• Bitcoin Slips as Oil Prices Surge and Global Tensions Rise
  Global markets reacted to rising oil prices and escalating conflict in the Middle East, pulling Bitcoin lower alongside other risk assets. Oil has surged to its highest level since 2022, with WTI above $107 and Brent around $108, raising inflation fears and pushing US stock futures down around 1.5–1.7%. Higher energy prices could delay potential rate cuts, tightening financial conditions for risk assets like crypto, although Bitcoin has so far remained relatively resilient compared to traditional markets.

• XRP Enters a Calm but Fragile Phase

  XRP is currently trading around $1.35, but price action has entered an unusually quiet phase. While stability can sometimes signal strength, XRP remains below key downward-sloping moving averages, suggesting momentum is still weak. Minor higher lows offer some support, but recent $22 million in XRP ETF outflows highlight fading institutional demand as markets remain cautious due to Fed rate uncertainty and ongoing geopolitical tensions.

• Shiba Inu in the Danger Zone
  Shiba Inu (SHIB) continues to struggle, trading around $0.000005328 and drifting closer to levels last seen in 2021. The meme coin remains locked in a clear downtrend, forming lower highs and lower lows while sitting well below key moving averages. With volatility low and no clear accumulation zone forming, analysts say SHIB may still be searching for a bottom, particularly if broader crypto markets remain cautious amid macro uncertainty and geopolitical tensions.

• Altseason still incoming?

  Some analysts believe the market may be quietly setting up for the next altcoin rally. Metrics tracking crypto market cap excluding the top 10 coins show prolonged consolidation at low dominance levels around 7.39%, historically a setup for capital rotating into smaller assets. Bitcoin dominance remains high at 58.3%, but technical indicators suggest many altcoins are oversold, with relatively few trading above their 200-day moving averages, potentially creating conditions for a rebound if sentiment improves.

THE BOTTOM LINE

Crypto markets remain choppy as geopolitical tensions in the Middle East, surging oil prices, and uncertainty around Federal Reserve rate cuts weigh on risk assets globally. Bitcoin has shown relative resilience, briefly rallying earlier in the week before pulling back, and continues to dominate market activity with around 58% market dominance, signaling we are still firmly in a Bitcoin-led cycle. Meanwhile, major altcoins have largely followed the broader pullback amid ETF outflows and cautious investor sentiment. For now, the market appears to be consolidating in a volatile macro environment, with traders watching whether Bitcoin can hold key levels before any meaningful capital rotation into altcoins begins.

That's it for this week.

Stay sharp, trade smart, and we'll see you again in next week's update.

Michael Chmielewski
Head of Growth & Product