Market Watch: Bitcoin Holds Steady, Ether Rises Sharply – What’s Driving the Momentum?

Updated: March 22, 2025 | 13:55 UTC

In recent days, major cryptocurrencies have regained the spotlight, with Bitcoin showing moderate gains and Ether posting a notable upward move. Here’s a closer look at what’s happening in the digital asset market.

Bitcoin Holds Around $84,000 – Signs of a New Trend?

As of March 22, Bitcoin is trading at $84,242.74, reflecting a 0.20% gain over the past five days. While the increase is modest, it signals a period of relative stability after weeks of volatility.

Investors remain cautious amid global macroeconomic developments – particularly U.S. interest rate decisions and geopolitical events – yet Bitcoin has managed to hold firm around the $83,000–$84,000 range, showing strong support levels.

Ether Outperforms with 3.34% Weekly Surge

Ether (ETH), the native token of the Ethereum network, has outperformed Bitcoin this week, rising by 3.34% to reach $1,991.93. This surge is fueled by optimism surrounding upcoming upgrades to the Ethereum protocol and increasing institutional interest in the platform.

Growing use cases in decentralized finance (DeFi) and non-fungible tokens (NFTs) continue to strengthen Ether’s position, with new developments and projects further expanding Ethereum’s ecosystem.

Are We at the Start of a Spring Rally?

Could this be the beginning of a broader crypto rally? Some analysts believe that if Bitcoin breaks through the $85,000 resistance level and Ether consolidates above $2,000, we may see stronger bullish momentum heading into spring and summer.

However, it’s important to remember that the cryptocurrency market remains highly volatile. Investors are encouraged to exercise caution, conduct thorough research, and align decisions with their personal risk profiles.

Disclaimer: This article does not constitute investment advice or a recommendation to make financial decisions. Market data is accurate as of the time of publication and is subject to change.