Crypto News Today, 5th March : Donald Trump Congress Speech , US-China Tariffs and Pi Crypto News

On March 5, 2025, cryptocurrency ETFs showed a marked divergence. The Bitcoin Spot ETF recorded a significant net outflow of $143.5 million, reducing its total net asset value to just under $100 billion. In contrast, the Ethereum Spot ETF experienced a net inflow of $14.6 million, ending an eight-day streak of outflows. This shift in investor sentiment suggests that while investors pull capital from Bitcoin ETFs, they are beginning to favor Ethereum ETFs overall.

Bitcoin price is currently at $86,902, up 4.17% in the last 24 hours. The price has bounced between $81,562 and $88,992, driven by institutional interest, regulatory moves like the U.S. Crypto Strategic Reserve announcement, and expectations of a Fed rate cut. Strong support at $82,000 and resistance near $89,500 are key levels to watch. Increased whale activity and positive on-chain data suggest that if conditions remain favorable, Bitcoin could even push past $100,000 by mid-2025.

Bitcoin is hovering around $87,600 after bouncing off a key support near $85,000, which aligns with its 200-day EMA. If this level holds, BTC may push back up to retest its $95,000 high, but a break below could send it down to $73,000. Ethereum and Ripple have similarly found support at around $2,125 and near their 100-day EMA, respectively. Meanwhile, improving RSI readings hint at a possible rally as traders await insights from the upcoming White House Crypto Summit.

Metaplanet recently bought another 497 BTC for $43.46M, paying $88,938 per Bitcoin. With this purchase, its total Bitcoin holdings now stand at 2,888 BTC worth about $251.18M. The average buying price across their portfolio is $84,325.

The Chinese embassy has issued a statement saying that if the U.S. chooses to engage in war—whether it’s a tariff war, a trade war, or any other kind of conflict—China is prepared to fight until the end. This strong message signals that China is determined to defend its interests, no matter what form the confrontation takes.

President Donald Trump, during his second inaugural address, announced that the U.S. will work to land American astronauts on Mars. He described this mission as a new chapter in America’s destiny, similar to the nation’s early expansion. The idea comes amid talks about whether such a mission is possible and political buzz over Trump’s links with Elon Musk. His speech painted a picture of a future where America leads in space exploration and reaffirms its role as a global pioneer.

President Trump is set to host the first-ever White House Crypto Summit on March 7, 2025. The event will bring together industry leaders, policymakers, and innovators to discuss cryptocurrency regulation and foster blockchain innovation. This summit aims to establish a balanced framework that encourages growth while addressing potential risks in the crypto sector. The summit could shape future policies and elevate the United States as a key player in digital asset management and beyond.