Bostoncoin Barkdown: March-April 2025 Crypto Market Update
Paws and reflect, as we embark on another edition of Bostoncoin’s monthly crypto market update. March has been a rollercoaster ride, with the market fetching both challenges and opportunities. Let’s dig into the key events that had the crypto community wagging their tails.
March 2025: A Little Ruff Patch for Bitcoin
March witnessed Bitcoin (BTC) experiencing a significant downturn. After starting the month above $100,000, BTC faced a sharp correction, dropping below $80,000 by mid-March. This decline marked a 27% fall from its January peak of $109,225, raising concerns about approaching major support levels.
GameStop’s Bold Move: Barking Up the Bitcoin Tree
In a surprising twist, GameStop announced plans to raise $1.3 billion through convertible notes to invest in Bitcoin as a treasury reserve asset. This decision led to a significant drop in GameStop’s stock price, with shares tumbling over 15% as investors questioned the timing and strategic direction of this pivot amidst the company’s struggling retail business.
Regulations: The SEC Loosens its Grip and the NYAG Tightens Its Leash
The U.S. Securities and Exchange Commission (SEC) made headlines by announcing that memecoins would no longer be considered securities subject to SEC oversight. This move was part of a broader shift in regulatory stance, with the SEC closing investigations into major digital asset market players without further action.
Whilst the SEC is cutting back on prosecuting most innocent crypto companies, the New York Attorney General (NYAG) has fined one crypto company $200 million for deception and market manipulation.
It was alleged that Galaxy Digital and its head Mike Novogratz had bought into the troublesome coin Terra/Luna, after discussions with its founder, Do Kwon.
Galaxy apparently bought 18 million tokens from Kwon at 30% discount, around $0.22. According to the report, Novogratz and Galaxy then started to heavily promote the coin, lifting the price to $18 and then to $100. Days before the coin crashed to zero, Galaxy was still spruiking the coin up, but they had apparently sold nearly 100% of their holdings to unsuspecting investors.
Galaxy’s deception netted them “hundreds of millions of dollars” according to the NYAG. Galaxy Digital agreed to pay $200 million to settle the investigation of manipulation of the Luna cryptocurrency.
This settlement reinforces the need for ongoing regulatory scrutiny in the crypto space. BostonTrading.co is proud to disclose 100% of our holdings on our website, updated in real-time, and we call for other fund managers to do the same.
Strategic Bitcoin Reserve: The U.S. Fetches a New Strategy
President Donald Jambalaya Trump signed an executive order establishing a Strategic Bitcoin Reserve, aiming to maintain government-owned Bitcoin as a national reserve asset. This move is intended to elevate the digital asset sector and position the U.S. as the “Crypto Capital of the World.”
This initiative to maintain government-owned Bitcoin as a national reserve asset also includes other cryptocurrencies like Solana (SOL), Cardano (ADA), Ripple (XRP), and Ethereum (ETH). The reserve will be capitalized with Bitcoin already owned by the federal government, marking a significant shift in national financial strategy. Now to see if a politician fulfils his promise…
Market Sentiment: A Tail of Volatility
The crypto market’s volatility continued, influenced by various factors including economic uncertainties linked to President Trump’s policies, such as tariffs. Major cryptocurrencies like Ethereum (ETH), Ripple (XRP), and Solana (SOL) also experienced significant declines, reflecting the broader market downturn.
But, as these same coins are slated to be part of the US Strategic Reserve, are we seeing some market manipulation so the government can buy more cheaply? The bigger question is: do you think Trump is a genius and driving prices down deliberately so he can accumulate resources, or is he a fool and driving prices down accidentally? You be the judge.
Positive Paw-spectives: Looking Ahead
Despite the challenges, there are silver linings on the horizon. The establishment of the Strategic Bitcoin Reserve signifies a growing institutional acceptance of cryptocurrencies, potentially paving the way for more mainstream adoption.
Additionally, the SEC’s relaxed stance on memecoins could encourage innovation and participation in the crypto space. Investors are advised to stay informed and exercise caution, but the long-term outlook for the crypto market remains optimistic.
In broader macroeconomic news, the negative response to DJT’s tariffs and other acts of financial warfare are keeping markets nervous, which bodes well for scarce resources.
Remember that most investors panicked in the 2008 Global Financial Crisis (GFC1) and the 2020 Pandemic Crash (GFC2). The Fed printed cash each time, which drove up prices of gold, silver and BTC. History may repeat more quickly this time as the Fed money printers try to stave off a(nother) pending US recession.
Those who have been in the Boston puppy pack for a few years will know that we gave you advance warning of the upcoming 2008 GFC in the 2006 book, “Who’s Taking Your Money? (and how to get some of it back!)” (get it free here) and we gave you advance warning of the 2020 Pandemic Crash six months before it occurred (click here to see where we forecast GFC#2). You’re welcome.
Stay tuned to see if there is a GFC trilogy in 2025 and/or a White House coup in 2026. Whatever happens, we will be strategically positioned for the best profits.
International News:
Three members of the Boston team will be in Dubai for two investment events. Jennifer, Jeremy, and Dee will be at the FinTech Summit and the HODL Summit during May. If you have friends in the UAE tell them to drop by for a chat and to sample some new swag.
Whilst in Dubai, we will officially launch the new faith-based funds for Muslims, Hindus and Buddhists. Tell your friends. Email your enemies. Tell the world: crypto is an inclusive environment and all puppies are welcome at the park
As we wrap up this month’s update, remember: in the world of crypto, every dog has its day. Stay pawsitive, keep your pack close, your ears perked up, and happy investing!
As at 31 March 2025
BOS Price USD 52.7627527
BOS Price AUD 84.444797
DART Price USD 130.474404
DART Price AUD 208.54672
POLLY Price USD 124.8208017238
POLLY Price AUD 199.45814
RAFAH Price USD 91.7259934
RAFAH Price AUD 146.92818
Fund prices can also be seen at https://app.bostontrading.co/ or by clicking “TOOLS” on the menu at the base of the main webpage. From this new page, you can download a crypto wallet, connect your wallet and add new tokens to your wallet. You can even book a call with one of the team. How does it get any better than that? 🙂
