U.S. regulators’ first joint guidance on applying securities laws to different types of crypto tokens failed to provide enough impetus to lift bitcoin BTC$74,223.94, the largest, above $75,000.

The interpretive guidance from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which doesn’t carry the weight of a formal rule, classified crypto tokens into five distinct categories: digital commodities, digital collectibles, digital tools, stablecoins and digital securities, and removed a major source of market uncertainty.

The stance marks a shift from the existing case-by-case enforcement, making it clear which tokens are considered securities and which are not, and is expected to give issuers and exchanges much‑needed clarity on how different assets will be regulated under federal law.

“The practical effect is a more coherent and less burdensome regulatory environment. Legal uncertainty declines, the risk of retroactive enforcement is reduced, and compliance becomes more predictable,” Tagus Capital said.

“This supports institutional participation, exchange development, and product innovation, while improving market structure through lower compliance costs and better price discovery. Although the guidance stops short of binding law and still leaves room for case-by-case interpretation, it sets a strong template for future legislation and may accelerate global regulatory convergence.”

Even so, bitcoin was unable to build on this month’s bounce from $65,000, which at one point on Tuesday, saw the price approach $76,000. The cryptocurrency was largely unchanged over the past 24 hours.

Other major tokens such as XRP (XRP), ether (ETH) and solana (SOL) also saw choppy price action, with the CoinDesk 20 Index down 0.3%.

According to analysts, $75,000 is a key resistance level for bitcoin.

“On the upside, $75,400–$76,000 continues to act as resistance,” Vikram Subburaj, CEO of India-based crypto exchange Giottus said in an email. “Bitcoin needs to hold above this range to signal stronger momentum.”

One possible reason for the restraint could be the Federal Reserve’s interest-rate decision due later Wednesday. The U.S. central bank is widely expected to hold rates unchanged in the 3.5% to 3.75% range. This leaves traders focused less on the decision and more on the interest‑rate projections in the wake of the Iran war‑related energy price shock.

The rate decision, policy statement, and economic projections will hit the wires at 2 p.m. ET followed by Chairman Jerome Powell’s press conference a half hour later.

Yesterday, BTC/USD rose above the $75k level, thereby setting a new high for March. The last time Bitcoin traded at such levels was in early February.

Why is Bitcoin Rising?

Bitcoin’s appeal appears to be increasing due to a combination of factors, including:
→ ongoing military conflict in the Middle East;
→ expectations of rising inflation and upcoming Federal Reserve decisions on interest rates.

According to on-chain data, March has seen capital inflows into spot Bitcoin ETFs. At the same time, media reports indicate that major corporate players (notably MicroStrategy) have purchased approximately $1.57 billion worth of Bitcoin, creating strong organic demand.

Technical Analysis of BTC/USD

On 5 March, when analysing Bitcoin’s price movements within a broad descending channel, we:
→ noted that the bullish impulse at the beginning of March led to a breakout above the QL resistance line, as well as the psychological $70k level;
→ highlighted that the median line M could act as a barrier to further gains;
→ suggested a potential pullback scenario.

Indeed, since then (as shown by the red trajectory), Bitcoin has undergone a fairly deep correction, reversing lower from the M line. Notably, the QL line subsequently acted as support.

Trading volume analysis (based on Coinbase data) shows that:
→ on 13 March, bearish activity intensified, resulting in a long upper wick on a high-volume candle;
→ on 15–16 March, the price advanced alongside rising volumes, with candles closing near their highs.

This can be interpreted as strengthening demand: buyers are pushing sellers out of the $70–72k zone, which may serve as support in the near term.

Given the above, a continued upside scenario cannot be ruled out, in which Bitcoin maintains an upward trajectory within the blue channel.

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EUR/USD is attempting a recovery wave from the 1.1400 zone. USD/CHF climbed higher above 0.7900 before it started a downside correction.

Important Takeaways for EUR/USD and USD/CHF Analysis Today

· The Euro declined toward 1.1400 before it started a recovery wave against the US Dollar.

· There was a break above a major bearish trend line with resistance at 1.1500 on the hourly chart of EUR/USD at FXOpen.

· USD/CHF climbed higher above 0.7850 and 0.7900 before it faced hurdles.

· There was a break below a bullish trend line with support at 0.7870 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair extended the decline below 1.1500. The Euro even declined below 1.1440 before the bulls appeared against the US Dollar.

The pair tested 1.1410 and recently started a recovery wave. There was a move above 1.1450 and 1.1480. The pair climbed above the 38.2% Fib retracement level of the downward move from the 1.1667 swing high to the 1.1410 low.

More importantly, there was a break above a major bearish trend line with resistance at 1.1500. The pair is now trading above 1.1520 and the 50-hour simple moving average. Immediate hurdle on the EUR/USD chart is near the 61.8% Fib retracement at 1.1570.

The first key breakout zone sits at 1.1605. An upside break above 1.1605 might send the pair toward 1.1665. Any more gains might open the doors for a move toward the 1.1700 zone. If there is a fresh decline, the pair might find bids near 1.1505.

The next major support is 1.1470. A downside break below 1.1470 could send the pair toward 1.1410. Any more losses might send the pair to 1.1360.

USD/CHF Technical Analysis

On the hourly chart of USD/CHF at FXOpen, the pair started a decent increase from 0.7750. The US Dollar climbed above the 0.7800 handle against the Swiss Franc.

The bulls were able to pump the pair above the 50-hour simple moving average and 0.7850. Finally, the pair tested 0.7920. A high was formed near 0.7923 and the pair is now correcting some gains. The pair dipped below the 38.2% Fib retracement level of the upward move from the 0.7748 swing low to the 0.7923 high.

Besides, there was a break below a bullish trend line at 0.7870. On the downside, immediate support on the USD/CHF chart is near the 50% Fib retracement at 0.7835. The first key area of interest might be 0.7790.

A downside break below 0.7790 might call for a drop to 0.7750. Any more losses may possibly open the doors for a move toward 0.7720.

On the upside, the pair could struggle near 0.7875. The first major barrier for bulls is 0.7890. If there is a clear break above 0.7890 and the RSI climbs above 50, the pair could start another increase. In the stated case, it could test 0.7925.

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Whale activity around the Official Trump (TRUMP) token, which is tied to United States President Donald Trump, has hit a five-month high according to on-chain data.

According to Santiment, there are now 83 wallets that hold more than 1 million Official Trump (TRUMP) tokens. Collectively, these holdings amount to roughly $3.7 million worth of the tokens, marking the highest level recorded since Oct. 8 last year.

TRUMP has remained in a steady downtrend since the start of the year, but activity picked up pace after the project’s team announced a luncheon event at Trump’s Mar-a-Lago residence, where the U.S. president is expected to host top token holders.

Beyond the main event, those ranked among the top 297 holders are eligible to attend, while the top 29 wallets will qualify for a private reception with the president, subject to background checks.

Several figures across the crypto sector are expected to take part in the gathering, which appears to have driven the recent surge in interest around the token.

Additional data from CoinCarp shows that TRUMP has 642,882 holders, though concentration remains heavily skewed. Over 91% of the supply is held by the top 10 wallets, while roughly 97% sits with the top 100 wallets.

TRUMP started rallying from multi-month lows near $2.7, climbing more than 50% to reach a peak of $4.35. As of press time, the token is up over 26% in the past 7 days, though it remains down more than 95% from its all time high of $73.43.

For TRUMP holders, this pattern is not new. Last year, a similar gala-style event was announced, which saw the token rally sharply in the lead-up.

However, after the initial momentum faded, the token entered a prolonged downtrend, and unless market conditions change meaningfully, the latest event could follow a similar trajectory.

Regulatory concerns remain

While the upcoming event has generated renewed interest among crypto participants, it is also likely to draw scrutiny in Washington, where lawmakers have continued to question whether such initiatives present conflicts of interest.

Last year, Democratic Senator Jon Ossoff called for Trump’s impeachment over the memecoin dinner, while Senators Elizabeth Warren and Adam Schiff urged ethics officials to review the president’s involvement with the event.

Meanwhile, Representative Sam Liccardo introduced the Modern Emoluments and Malfeasance Enforcement (MEME) Act in February 2025, seeking to bar federal officials and their families from issuing or promoting digital assets.

Similar concerns could resurface this time around, as lawmakers have already raised questions over potential foreign influence and financial interests tied to Trump-linked crypto ventures.

Shibarium’s recovery process shows steady progress as indexing levels improve and system stability returns. Network data accuracy remains limited, yet activity continues to build across the ecosystem. Meanwhile, broader developments around Shiba Inu add new context to the current market positioning.

Shibarium indexing recovery gains traction

Shibariumscan reports that 45% of network blocks are now indexed, showing clear progress from earlier levels. This improvement follows ongoing restoration efforts after infrastructure changes. Consequently, the network continues to rebuild visibility across transactions and wallet activity.

Earlier, the team initiated a migration to a new server environment to boost performance and reliability. This move aimed to address system limitations that affected data tracking and user experience. As a result, indexing resumed gradually while stability improved across the network.

However, incomplete indexing still affects the accuracy of key metrics such as total transactions and wallet counts. Users may see partial data until the process reaches completion. Nevertheless, the steady increase signals continued backend recovery and system alignment.

Temporary display issues and network adjustments

At the beginning of the month, users reported missing tokens and NFTs within wallet interfaces and the explorer. These display issues created confusion across parts of the Shiba Inu ecosystem. However, developers linked the problem to indexing delays and a temporary bridge update.

Indexing plays a central role in how blockchain explorers present on-chain data. Without full indexing, systems cannot display complete transaction histories or asset balances. Therefore, partial indexing directly impacts how users interact with network data.

Meanwhile, ongoing updates aim to restore full functionality across the explorer and connected services. The community expects improvements as indexing progresses toward completion. Additionally, future upgrades may strengthen data handling and network performance further.

Broader developments shape Shiba Inu outlook

Beyond technical updates, Shiba Inu has entered discussions around inclusion in a proposed exchange-traded fund. T. Rowe Price submitted plans for an actively managed crypto ETF that includes multiple digital assets. This development places Shiba Inu within a broader institutional framework.

The asset manager oversees significant capital, which adds weight to the filing despite pending regulatory decisions. Inclusion in such a fund could expand exposure to digital assets beyond direct trading platforms. Consequently, it reflects ongoing integration between traditional finance and crypto markets.

At the same time, Shiba Inu price activity remains subdued amid wider market conditions. The token declined slightly over the past day while trading near the lower end of recent ranges. However, macroeconomic factors continue to influence short-term price direction.

The current market focus centers on the Federal Reserve meeting and interest rate expectations. Market data suggests a high probability of unchanged rates within the existing range. As a result, traders position cautiously while awaiting further signals from monetary policy decisions.

US spot Bitcoin exchange-traded funds (ETFs) extended their inflow streak to seven consecutive days, marking the longest run since October 2025.

Spot Bitcoin (BTC) ETFs added $199.4 million on Monday, bringing their seven-day streak to around $1.2 billion, according to data from SoSoValue. The latest inflows suggest continued institutional interest, though total inflows remain far below the roughly $6 billion seen during the October 2025 run.

Total trading volumes fell to $2.6 billion on Monday, while total assets under management in Bitcoin ETFs climbed to $96.7 billion. Net year-to-date flows remain negative, following $1.8 billion in cumulative monthly outflows and $1.7 billion in cumulative inflows.

The ETF rebound has coincided with broader strength in crypto investment products, which drew about $2.7 billion over three straight weeks, lifting year-to-date inflows to roughly $1.2 billion, according to CoinShares.

XRP funds post first gains after eight-day losing streak

Spot altcoin ETFs also saw a broad uptick, led by Ether (ETH) with $138.3 million in inflows, the largest since March 4. Solana (SOL) followed the trend with $17.8 million in inflows, also the biggest since March 4.

XRP (XRP) stood out with $4.64 million inflows, the first gains since March 4. The ETFs saw $56.8 million outflows in the period from March 5-16.

Despite $33.5 million in outflows so far in March, XRP ETFs remain in the green year-to-date, supported by $73.7 million in inflows during January and February.

Solana leads all crypto ETFs year-to-date with $223 million in net inflows.

Related: Bernstein says Bitcoin rebound reflects more resilient long-term holder base

In contrast, Ether ETFs remain underwater, with $364.5 million in year-to-date outflows, following $358.5 million in inflows in March and $723 million in outflows during the first two months of the year.

Magazine: Spot Bitcoin ETFs first green week, crypto ATM losses surge 33%: Hodler’s Digest, Mar. 8 – 14