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- Only 4% of the World Holds Bitcoin | News on Bitcoin Week 11 of 2025
Only 4% of the World Holds Bitcoin | News on Bitcoin Week 11 of 2025
Weekly crypto update on all things Bitcoin to keep you updated
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TL;DR
BTC is down
Bitcoin dominance is up
Saylor Pushes $81T Bitcoin Plan to White House
4 Signs $76.7K Bitcoin Is the Bottom
Only 4% of the World Holds Bitcoin in 2025
REX Launches Bitcoin-Backed Convertible Bond ETF
BBVA Gains Approval to Offer Bitcoin Trading
Deutsche Boerse to Launch Bitcoin Custody
Court: Bitcoin Miner Must Regain Rig Access
JP Morgan Revises Bitcoin Miner Ratings
CleanSpark Joins S&P SmallCap 600
And much more!
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Bitcoin Price
Crypto is down this week, with BTC down by 2.9% and ETH down by 10.9%:
Bitcoin dominance has increased over the week, starting from 58.16% to a high of 59.11% and ending at 58.78%. Investor sentiment, regulatory changes, technological advancements, and the overall growth of the cryptocurrency sector shape Bitcoin's market dominance. Its reputation as "digital gold" also enhances its position, making it a key player in the market.
It’s going to be interesting to see whether this trend will continue in the short term, as capital in crypto tends to flow initially to BTC and then further out on the risk-curve, starting with altcoins like ETH and then into mid- or low-cap coins.
Bitcoin’s price has been consolidating in a narrowing range, with key macroeconomic factors and shifting market dynamics influencing its stagnation.
Since March 9, BTC has been oscillating between $78,599 and $84,000, struggling to break past the $84,000 resistance level. The primary reasons for Bitcoin’s lack of momentum include geopolitical uncertainties, weakening demand, and critical technical resistance levels.
Bitcoin’s stagnation coincides with heightened global economic uncertainty, largely driven by former U.S. President Donald Trump’s proposed trade tariffs on Mexico and Canada. The potential trade war has spooked investors, prompting a flight from risk assets like Bitcoin to traditional safe havens such as gold.
Glassnode data suggests that Bitcoin’s demand has weakened, as seen in short-term holder (STH) cost basis trends. The cost basis of 1-week to 1-month holders flattened above that of 1-month to 3-month holders in Q1, signaling early signs of weakening demand. This shift was confirmed when Bitcoin dropped below $95,000, causing the STH cost basis to slide beneath the longer-term holders’ basis.
Glassnode analysts noted that “macro uncertainty has spooked demand, reducing new inflows,” suggesting that buyers are hesitant to absorb selling pressure. This cautious sentiment is reflected in Bitcoin’s perpetual futures funding rates, which are hovering around 0%, indicating a lack of strong directional bets from traders.
Bitcoin’s technical setup further supports its current stagnation. On March 9, BTC fell below the 200-day simple moving average (SMA) at $83,736, a critical level that has since acted as a resistance barrier.
Crypto analyst Daan Crypto Trades emphasized the significance of the 200-day SMA at $83,700 and the 200-day exponential moving average (EMA) at $86,000, calling them “solid indicators of the mid/long-term trend and overall strength of the market.” Failure to reclaim these levels could extend Bitcoin’s consolidation period or even lead to a deeper correction.
Adding to Bitcoin’s woes, the BTC/XAU ratio recently broke below a rising support trendline that had held for over 12 years. According to analyst NorthStar, if Bitcoin remains under this trendline for an extended period, it could signal the end of its long-term bullish cycle.
The BITCOIN/GOLD ratio is breaking below the support line that has held it up for 12 years. If we close a week below it it's very bad. If close the month below it, this bull run should be over (and possibly worse). x.com/i/web/status/1…
— Northstar (@NorthstarCharts)
3:46 PM • Mar 13, 2025
Bitcoin’s underperformance against gold has been stark. While spot gold hit a record high above $3,000 per ounce on March 14, Bitcoin has declined 11% year-to-date.
This divergence is largely driven by capital flows: U.S.-based spot gold ETFs have attracted $6.48 billion in 2025, while spot Bitcoin ETFs have recorded $1.46 billion in outflows, reflecting investor preference for traditional safe-haven assets amid macroeconomic uncertainty.
Historical patterns suggest Bitcoin could be in for further downside. The current BTC/XAU breakdown mirrors the March 2021–March 2022 fractal, which preceded Bitcoin’s last bear market. If this pattern holds, Bitcoin could drop below the 50-period two-week EMA support at $65,000.
While some analysts consider this a correction within a broader bull market, a definitive break below the 50-2W EMA could push Bitcoin into bearish territory, with the 200-period two-week EMA at $34,850 as a potential downside target.
Until macroeconomic conditions improve, Bitcoin may struggle to break out of its consolidation range, with risks skewed to the downside.
Bitcoin (BTCUSD) Analysis:
As of March 14, 2025, Bitcoin (BTC) is trading at $81,965, down 1.61% on the day. The short-term outlook is bearish, with support at $80,000 and resistance at $92,600. A break below support could accelerate losses. In the medium term, Bitcoin has weak negative momentum, with key levels at $70,000 (support) and $93,000 (resistance). The long-term trend remains bullish, with support at $72,000 and upside potential toward $106,000.
Expected Trading Ranges:
Bitcoin (BTC): Support at $80,000; Resistance at $92,600.
Market Outlook:
Bitcoin remains range-bound amid economic uncertainty and weakening demand. Resistance at $84,000 and declining inflows signal cautious sentiment. The Bitcoin-to-gold ratio breakdown suggests further downside, with key support at $70,000 and a potential drop toward $65,000 if bearish momentum persists. A recovery depends on macroeconomic shifts, including potential Fed rate cuts.
BTC/ETH ratio has seen an increase:
Over the last six days, the BTC to ETH exchange rate has generally increased, rising from 40.11 ETH on March 9 to 44.00 ETH on March 15, marking an overall 9.70% increase. Despite a brief dip on March 13 (-0.94%), the trend remained upward, with notable gains on March 10 (4.00%) and March 11 (3.59%). This suggests that Bitcoin has been gaining strength against Ethereum over the past week.
“Bitcoin guarantees no trespassing on your purchasing power.”
Financial News
Michael Saylor presented an $81 trillion Bitcoin strategy at the White House, advocating for BTC as a national asset. His plan proposes U.S. acquisitions of up to 25% of Bitcoin’s supply by 2035 to strengthen the dollar and reduce debt. The proposal aligns with Trump’s executive order converting $17 billion in seized BTC into a strategic reserve.
Saylor envisions Bitcoin as the foundation of a digital financial system, projecting BTC at $15 million per coin. While some expected more aggressive policies, Saylor insists this strategy could cement U.S. dominance in the digital economy.
Senator Cynthia Lummis has reintroduced the BITCOIN Act, aiming to establish a U.S. strategic Bitcoin reserve by acquiring 1 million BTC over five years. The bill has bipartisan support, reflecting a broader effort to integrate cryptocurrency into national financial strategy.
The proposal aligns with the Trump administration’s plans, emphasizing Bitcoin’s role in economic sovereignty amid rising national debt concerns. This initiative could significantly impact Bitcoin’s market dynamics, fueling speculation about institutional adoption. While the bill’s passage remains uncertain, its reintroduction signals growing government interest in Bitcoin as a strategic asset.
Strategy plans to raise $21 billion through an ATM stock sale to acquire more Bitcoin, aligning with its 21/21 plan to secure $42 billion over three years. The firm, holding 499,096 BTC worth $41 billion, has aggressively accumulated Bitcoin since 2020. Despite adding 52,696 BTC in 2025, Strategy’s stock (MSTR) dropped 5% post-announcement.
Analysts note its OTC Bitcoin purchases have minimal market impact. Meanwhile, Bitcoin whales acquired 22,000 BTC in 72 hours. Under Michael Saylor, Strategy has transformed into a Bitcoin-centric entity, with MSTR surging 2,200% since 2020, while Bitcoin has risen 600%.
Bitcoin’s decline to $76,700 may signal a market bottom, supported by key indicators. A 30% correction aligns with historical trends, not a bear market. BTC derivatives remain stable, avoiding excessive shorting.
The weakening U.S. dollar supports Bitcoin’s recovery, maintaining its risk-on appeal. Economic concerns, including a potential U.S. government shutdown and real estate distress, could drive capital into BTC. With no major signs of investors fleeing to cash, Bitcoin appears poised for a rebound, potentially reclaiming $90,000.
Despite Bitcoin’s growing popularity, only 4% of the global population owns BTC, with the U.S. leading at 14%. River’s report estimates Bitcoin is just 3% into its total adoption potential, with institutions and governments severely underallocated. Mass adoption faces hurdles, including lack of financial education and high volatility, especially in developing economies.
Many prefer stablecoins for stability, reinforced by the U.S. government’s push to maintain dollar hegemony. Bitcoin’s limited adoption leaves significant room for future growth, particularly as financial institutions and governments increase exposure to digital assets.
Adoption News
StarkWare has introduced a 'Strategic Bitcoin Reserve,' reinforcing its role in bridging Bitcoin and Ethereum. The reserve will hold BTC in its treasury while integrating Bitcoin assets into Starknet’s ecosystem. Xverse, a Bitcoin wallet, is joining Starknet to enable BTC transactions, while 'BTCFi Season' will introduce Bitcoin holders to DeFi opportunities.
This initiative strengthens StarkWare’s position as a Bitcoin-standard company, expanding BTC’s role in decentralized finance. By integrating Bitcoin into Starknet, the company aims to drive broader adoption and create new financial applications leveraging both BTC and Ethereum networks.
REX Shares has introduced the Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), offering investors exposure to companies using Bitcoin as a treasury asset. The ETF invests in convertible bonds from firms like MicroStrategy, MARA, and Metaplanet, enabling broader access to Bitcoin-backed corporate debt.
CEO Greg King highlights that BMAX simplifies institutional strategies pioneered by Michael Saylor. With state pension funds already holding MicroStrategy stock, the ETF provides indirect BTC exposure without self-custody risks. MicroStrategy remains a dominant BTC holder, with 499,096 BTC worth over $41.4 billion, continuing its aggressive Bitcoin accumulation strategy.
Spain’s BBVA has received regulatory approval to offer Bitcoin and Ethereum trading under the EU’s MiCA framework. This marks the end of a multi-year effort, with BBVA initially considering Switzerland for its crypto services due to clearer regulations. In January, it launched trading in Turkey.
BBVA joins Deutsche Bank and Société Générale in integrating digital assets. With MiCA now in effect, European banks are increasingly adopting crypto, signaling growing institutional interest. This approval positions BBVA as a key player in the evolving financial landscape, bridging traditional banking with the expanding crypto economy.
Deutsche Boerse’s Clearstream will launch Bitcoin (BTC) and Ether (ETH) custody and settlement services for institutional clients in April 2025. The services, provided through Swiss subsidiary Crypto Finance AG, will later expand to staking, lending, and brokerage. This move aligns with Europe’s Markets in Crypto-Assets Regulation (MiCA), which took full effect in December 2024.
The expansion reflects growing institutional demand for regulated digital asset infrastructure. Meanwhile, concerns remain over MiCA’s potential overreach, with some experts warning of stricter compliance burdens for retail investors and possible regulatory-driven exits of crypto firms from Europe to more lenient jurisdictions.
Starknet plans to settle on Bitcoin and Ethereum, aiming to make Bitcoin an execution layer with smart contract capabilities. The move could enable staking, lending, and other DeFi applications. StarkWare CEO Eli Ben Sasson highlighted OP_CAT’s role in unlocking Bitcoin programmability.
Starknet is also partnering with Web3 wallet Xverse, set for integration in Q2 2025. Ethereum co-founder Vitalik Buterin supports the initiative, emphasizing Bitcoin’s scalability challenges. The project seeks to enhance Bitcoin’s utility beyond storage, aligning with its original peer-to-peer payment vision while overcoming Lightning Network limitations for seamless asset flow between Bitcoin and Ethereum.
Mining News
A Delaware court granted Bitcoin miner Consensus Colocation a temporary restraining order against Mawson Hosting, which had blocked access to 21,000 rigs over alleged unpaid fees. Consensus claims Mawson mined Bitcoin using its equipment since Feb. 28, generating up to $200,000 daily.
Mawson argues its contract allowed redirecting hashrate for owed payments. The court barred Mawson from using the rigs and restricting access. The dispute stems from a colocation agreement set to end in March 2025. The restraining order remains in effect until a preliminary injunction hearing determines further legal action.
Bitcoin miner CleanSpark will be added to the S&P SmallCap 600 Index on March 24, highlighting its strong financial performance. The company reported a $241.7 million profit in Q4 2024, up from $25.9 million the previous year, with revenue surging 120% to $162.3 million.
CleanSpark also increased its Bitcoin holdings by 6%, now holding 11,177 BTC. As post-halving pressures mount, miners are diversifying into AI and mergers to sustain profitability. CleanSpark’s inclusion in the index signals institutional confidence in its vertically integrated mining model amid industry shifts.
