What’s Happening in Crypto Today?

Bitcoin Surges Past US$84,000 on Cooling Inflation Data

Bitcoin (BTC) saw a strong rally today. The price broke above US$84,000 as investors reacted positively to February’s U.S. inflation report, which came back lower than expectations, fuelling optimism that the Fed might ease monetary policy.

Russia Considers Loosening Crypto Restrictions

The Russian Central Bank is proposing a new policy that would allow "specially qualified" investors, particularly those with significant wealth or income, to invest in cryptocurrencies. This shift from the bank’s historically tough stance on crypto is a big step forward for adoption in the Russian market.

Trump Establishes Strategic Bitcoin Reserve

In a major move, President Donald Trump has signed an executive order to create a U.S. strategic bitcoin reserve, using bitcoin already seized by the government. The initiative highlights Bitcoin’s fixed supply as a potential economic advantage, though details on how the reserve will be managed remain unclear.

Market Trends & ETF Outflows

Bitcoin’s market dominance has climbed to 61.2%, but overall trading volumes are dropping, suggesting some trader fatigue and weaker momentum. Bitcoin ETFs have also seen notable outflows, with WisdomTree’s Bitcoin ETF recording a US$3.5 million withdrawal today.

Security & Regulation Updates

• Crypto Exchange Admin Arrested: Indian authorities, acting on a U.S. request, arrested Aleksej Besciokov, a cryptocurrency exchange administrator accused of money laundering and sanctions violations. The case highlights the growing international crackdown on illicit crypto activities.
• States Reject Bitcoin Reserve Plans: Several U.S. states—including Montana, Wyoming, North Dakota, Mississippi, and Pennsylvania—have rejected proposals to establish state-held Bitcoin reserves, citing concerns over its stability and practicality as a reserve asset.