Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) Recorded Modest Gains This Week

The publication of positive CPI and PPI data, indicating inflation is starting to ease, has boosted investor confidence.

The latest installment of the US CPI and PPI series has shown that inflation is finally beginning to ease, providing hope to investors who are eagerly awaiting any positive developments that could impact the prices of major crypto assets like Bitcoin, Ethereum, and Ripple.

As the global market capitalization of cryptocurrencies reached $2.71 trillion on March 15, 2025, marking a net increase of $99.7 billion in the past week, investors are shifting their attention to key events that could influence the crypto market in the coming days.

According to reports by Coingape, the publication of positive CPI and PPI data has boosted investor confidence, while concerns due to trade tensions between the US, Canada, and Mexico are also emerging.

Here are some of the key developments that are expected to have a significant impact on the prices of BTC, ETH, and XRP in the upcoming week.

Bitcoin Price Prediction: Could BTC Soar to $90,000 if MicroStrategy Reinvests?

On March 15, 2025, the price of Bitcoin (BTC) briefly traded at $84,312, up 0.39% on the day, as it attempted to break a key resistance level amid speculation that MicroStrategy (now Strategy) might go ahead with its BTC acquisition.

Recent price movements show BTC trying to break through the 50-day moving average, which has been a dynamic resistance in the downward trend. The Bollinger Bands indicator shows a narrowing, which signals decreased volatility—often the first sign before a breakout.

Currently, BTC is trading close to the lower boundary of the Bollinger Band, indicating limited downside risk, while the upper boundary at $93,302 is the next resistance level that needs to be broken. If the breakout happens, BTC could potentially head towards $90,000 or more, especially if Strategy actually goes back to buying BTC.

However, the RSI indicator is still below the neutral level of 50, at 44.15, indicating that the bullish momentum is still weak. If BTC fails to break the 50-day moving average, the price could again test the support level at $78,326.

If macroeconomic conditions worsen or institutional demand weakens, the possibility of BTC dropping further to $75,000 is still open.

If the rumors of Strategy buying BTC turn out to be true, this move could have a significant impact on the price of Bitcoin in the short term.

According to reports, Strategy is planning to use a portion of the proceeds from the sale of its stock to buy back more Bitcoin in the second quarter of 2025.

Earlier this year, Strategy sold a portion of its Bitcoin holdings to replenish its cash reserves and announced plans to buy back more BTC when the company’s balance sheet is strong enough to support it.

According to disclosed documents, Strategy sold about 70,000 Bitcoins, valued at around $1.5 billion at current prices, during the fourth quarter of 2024.

After the sale, Strategy still held 129,218 Bitcoins, valued at approximately $7.2 billion at current prices, making it one of the world’s largest Bitcoin holders.

The move to sell a portion of its Bitcoin holdings and use the proceeds to buy back stock was met with mixed reactions from investors.

Some investors believe that Strategy should continue to hold and accumulate Bitcoin, given its potential for appreciation in the long term. They argue that selling Bitcoin to buy back stock is a short-sighted decision that will ultimately harm the company’s value.

However, other investors believe that Strategy should diversify its investment portfolio and reduce its concentration in Bitcoin. They view the move to sell a portion of its Bitcoin holdings and use the proceeds to buy back stock as a logical step for the company to take at this time.

Ultimately, the impact of Strategy’s decision will depend on the performance of its stock price and Bitcoin in the coming months.

If Strategy’s stock price performs well and Bitcoin continues to depreciate, then investors may view the decision to sell Bitcoin and buy back stock favorably. However, if Bitcoin performs better than Strategy’s stock price and the company is forced to sell more Bitcoin to fund the stock buyback program, then investors may react negatively.

The Federal Reserve’s (Fed) monetary policy is likely to be more dovish this week, despite controversies related to the US trade war with Canada and Mexico. Following the release of the US CPI and PPI reports, analyst Miles Deutscher mentioned that the market is now pricing in three rate cuts by the Fed by 2025.

Prediction data from Polymarket also supports this view, with current bets showing a 23% probability of three rate cuts this year.

The next Federal Open Market Committee (FOMC) meeting is scheduled for March 19