Crypto Market Overview Last Week (February 24, 2025 - March 2, 2025), Last Minute Surprise!

Followin' this morning, the Crypto market has become active again when U.S. President Donald Trump officially signed an executive order to establish a Crypto Strategic Reserve Fund. This good news has immediately helped the entire market "turn around" after an extremely gloomy and frustrating week.

The Crypto market ended February 2025 with high volatility as the price of Bitcoin dropped sharply to $78,000, due to the consecutive import tax announcements from President Donald Trump, increasing the risk of a trade war. But this morning on 03/03/2025, Mr. Trump immediately brought good news to the cryptocurrency community by officially signing an executive order to establish a Crypto Strategic Reserve Fund for the following currencies: BTC (Bitcoin), ETH (Ethereum), XRP (Ripple), SOL (Solana) and ADA (Cardano).

1. Bitcoin Chart Analysis

In the Bitcoin Daily chart, last week the price had a "Breakdown" through the strong support zone from $88,000 to $90,000. The 3 candles from the 24th, 25th, and 26th were continuously deep declines that broke through the strong support level from November 2024 until now (this has been a strong support level over the past months when the price reached this level, it bounced back up).

However, the final candle of February (28/02) was a long-legged Doji candle that added $6,000 to the price, and the 02/03/2025 candle was a Marubozu candle that brought the BTC price back to the Sideway price range from $90,000 to $106,000. According to the team's assessment, the price of BTC can definitely move towards the old high or even "Break Up" through the old high.

From a technical analysis perspective, BTC can increase more strongly in the coming week as the MACD indicator has started to approach the Zero Line and can completely turn green, plus with the good news behind it and the strong Fomo inflow from yesterday pushing the Bitcoin price back into the Sideway range. The price breaking out of the Sideway range of BTC last week could have been a strong pull for retail investors before the price starts to rise again.

Additionally, there will be 3 quite important news events in the coming week that will bring good signals to the market: "Unemployment Benefit Claim (20:30 on 06/03), Non-Farm (20:30 on 07/03), FED Chair Powel Speech (00:30 on 08/03)". The news next week is expected to all bring better indicators than the previous months, so based on the current technical analysis and the upcoming news, the HMC team predicts that the probability of BTC increasing in the near future is around 60% (if there are bad chart signals, the plan will be changed).

On the Weekly chart, a long-legged candle appeared, reaching up to $16,000, reinforcing the expectation that the price will rise again in the near future. Additionally, in the previous week's candle, the price also nearly touched the dynamic support area that the team had drawn (as shown in the image below) before ending above the SMA 20 of the Bollinger Band range, opening up a positive signal for the next week's candles.

2. Some Notable News in the Crypto Market Last Week

- CZ proposed an idea for safer new token issuance, avoiding price manipulation and "Rug Pull" cases.

- President Trump imposed taxes that sparked a trade war, causing the Crypto market to plummet sharply last week.

- MicroStrategy bought an additional $1.99 billion worth of Bitcoin after a temporary pause.

- Bybit accumulated $1.2 billion in ETH, mitigating losses from the hack, and identified Safe as the cause of the vulnerability.

- General Secretary Tô Lâm proposed researching the establishment of a cryptocurrency exchange in Vietnam.

- The Ethereum Pectra upgrade encountered some glitches in the testnet.

- Solana proposed reducing the annual inflation rate to 0.87%.

- The TVL of Berachain increased strongly to $3.24 billion, surpassing Arbitrum and SUI.

- MetaMask revealed its 2025 roadmap, preparing to support the Bitcoin and Solana networks.

- Ethena successfully raised an additional $10 million from Vana (invested by YZi Labs).

3. Cash Flow and Some Notable Tokens to Watch

- The cash flow observed by the HMC team over the past 7 days has been flowing into Tokens in the AI, AI Agent, or DePIN sectors, such as IP, GRASS, RENDER, IOTA, ZEREBRO, etc.; so brothers can also reference Tokens in these systems like ACT, GOAT, or GROK, ...

- After President Trump signed the executive order to establish a Crypto Reserve Fund, the team also has some suggestions for brothers to Hold Longterm: SOL, SUI, SEI, APT, ... (these promising Layer 1 projects may follow in the footsteps of SOL or ADA).

- Additionally, brothers can also reference some Meme Tokens on the BSC system (such as BabyNeiro, Meupass, Hinagi, TAU ...)

Source

4. Summary

Followin' week was a Bit volatile market, however, Bit Blocks of risk and volatility like this can Dump Longing opportunities for veteran investors in the Crypto market. Note to the brothers that what the article above mainly provides is the perspective of the HMC Insights team itself, not investment advice. So investors should accumulate more knowledge and real-combat experience enough to make the most accurate decisions for themselves. To grasp news, knowledge, and market perspectives; everyone can follow the team's Social platforms to update everything better!

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