SharpLink said institutional Ethereum adoption indicators are strengthening even as ETH has stayed near bear-market lows since early February. The firm cited 38.7 million ETH staked (about $89 billion, roughly 32% of supply), exchange balances at 15 million ETH, and US spot ETH ETF flows turning positive in April. ETH traded just above $2,250 late Tuesday and rebounded to just under $2,300 in Asia on Wednesday, still nearly 54% below its August 2025 all-time high.

Bitcoin moved higher over the past week from around $78,000 and tested $82,000 twice, while briefly slipping below $81,000 in early Asia trading on Tuesday. Analysts said spot volume has risen and buyers have continued to absorb pullbacks, though they also flagged softer capital inflows and a market that remains sensitive to risk appetite shifts.

Crypto markets edged up over the weekend and reached a weekly high in Monday Asia trading, but a packed U.S. inflation calendar May 11–15 could shift sentiment. April CPI is due Tuesday and PPI follows Wednesday, alongside housing, retail sales, jobless claims, and industrial production later in the week. Markets are also watching the Iran conflict and oil's roughly 4% jump back to $100 a barrel as risk assets react.

On Tuesday, the US Securities and Exchange Commission released an interpretation that sets out how federal securities laws apply to various categories of crypto assets and related transactions. The document, endorsed by the Commodity Futures Trading Commission, introduces a five-part token taxonomy and indicates that most crypto assets will not be treated as securities, while also extending guidance to activities such as airdrops, mining, staking, and asset wrapping. Despite the regulatory update, major crypto markets, including Bitcoin and Ether, showed little price reaction over the past 24 hours.

Bitcoin climbed to $76,000 on Coinbase in early Tuesday trading, its highest level since the February 6 downturn, while technical analysts pointed to potential upside toward the $80,000–$86,000 area. Several traders cited a daily close above $74,500 and renewed bullish signals from on-chain indicators, even as support remains around the $68,000 200-week EMA and broader crypto markets also advanced.

Crypto markets opened higher in Asian trading as the total capitalization rose to $2.54 trillion and Bitcoin briefly hit $74,000. From March 16 to 20, traders will be watching the Fed's mid‑week rate decision, fresh US inflation and housing data, and market reactions to US strikes on Iran's Kharg Island and rising oil prices around $100 per barrel. Expectations for rate cuts and the impact of the Middle East conflict on inflation are likely to shape volatility across digital assets.

Around 27,000 Bitcoin options contracts with a notional value of about $1.9 billion are expiring on Friday, March 13, alongside a rebound in spot crypto prices. Open interest in BTC and ETH options has climbed, while overall crypto market capitalization has returned to $2.5 trillion with Bitcoin nearing $72,000 and altcoins mostly advancing.

According to Santiment, Bitcoin's 365-day MVRV ratio has dropped to levels last seen in late 2022 following the FTX collapse, historically a zone of heavily negative returns. Analysts note BTC has been ranging between $63,000 and $72,500, with key on-chain support at $54,400 and resistance near $78,400, and expect a prolonged consolidation before any major price move.

Bitcoin slipped back under $70,000 on Wednesday after briefly trading higher, with analysts expecting an extended consolidation phase in a broad range between $60,000 and $80,000. On-chain data show long-term holder activity has dropped to levels associated with bear markets, easing selling pressure but reinforcing a sideways trend. Multiple technical indicators, including repeated rejections near $71,000 and a declining bull market support band, point to a prolonged period of range-bound price action.