Daily Crypto Signals: Bitcoin Surges Toward $76K, Solana Flashes Historic Bull Signal
The crypto market gained momentum this week as Bitcoin climbed over 12% and approached six-week highs, while Solana displayed a chart
Quick overview
- Bitcoin surged over 12% this week, reaching a six-week high of $76,000 amid positive regulatory developments.
- The SEC clarified that most cryptocurrency assets will be treated as non-securities, providing a significant boost to the market.
- Mastercard's acquisition of stablecoin infrastructure company BVNK for $1.8 billion highlights growing institutional interest in blockchain payments.
- Solana is showing a bullish chart pattern that historically precedes major rallies, with a potential target of $120 if momentum continues.
The crypto market gained momentum this week as Bitcoin BTC/USD climbed over 12% and approached six-week highs, while Solana SOL/USD displayed a chart pattern that has historically preceded massive rallies. Regulatory tailwinds, including a landmark SEC clarification on crypto assets and Mastercard’s $1.8 billion stablecoin acquisition, added further fuel to the rally.
Crypto Market Developments
The US Securities and Exchange Commission announced this week that it would treat the majority of cryptocurrency assets as non-securities under federal law, giving the larger cryptocurrency sector a major regulatory boost. The action, according to SEC Chair Paul Atkins, draws “clear lines in clear terms,” recognizing what he called a long-overdue realization that the majority of cryptocurrency assets are not subject to securities law. The announcement is being presented as a stopgap solution while Congress works on complete market structure legislation. It was developed in collaboration with the Commodity Futures Trading Commission.
On the institutional front, mainstream finance’s growing commitment to blockchain-based payments is demonstrated by Mastercard’s agreement to buy stablecoin infrastructure company BVNK for up to $1.8 billion. Cross-border payments and commercial activities are made possible by BVNK’s platform, which links fiat currencies with stablecoins in 130 countries. Only a few months have passed since a potential $2 billion merger with Coinbase collapsed, with no reason provided.
The US spot Bitcoin ETFs have seen net inflows totaling about $963 million for six days in a row from March 9, the longest such stretch since October 2025, adding to the optimistic outlook. With $139.4 million in inflows on Monday alone, BlackRock’s iShares Bitcoin Trust took the lead.
Bitcoin Climbs 12% in a Week, Eyes $76,000
Over the course of the last week, Bitcoin increased by more than 12%, rising from about $65,960 to reach a six-week high of $76,000 before declining to stabilize at $74,000. The action has provoked heated discussion among dealers. Trader Roman cautions that there is still “nothing on the higher time frame that suggests the bear market has bottomed,” citing a dearth of significant volume, divergences, or reversal patterns. Jelle, a fellow trader, agreed, pointing out that historically all bear markets have ended well below the 0.618 Fibonacci retracement level, indicating that a protracted sideways chop might be in store before any major breakout.
Macro conditions provide some support notwithstanding the criticism. Gold, long Bitcoin’s adversary as a safe-haven asset, is showing signs of weakness and is on the verge of breaking below the $5,000 per ounce support level for the third day in a row, while US equities are staging a slight rebound. According to analyst James Easton, Bitcoin will “outperform” gold in the near future. If present resistance holds, some traders are now looking at $68,000 as a possible drop zone and important support.
Solana Price Prediction: $300 Next Target?
On its weekly chart, Solana is displaying a technical signal that has preceded two of its most spectacular rallies in recent memory: a 142% rise in 2025 and a 1,604% surge in 2023. The pattern, which was discovered by cryptocurrency analyst WebTrend, is made up of consecutive weekly candles with lengthy lower wicks, which show that buyers are continuously absorbing sellers at lower price points. According to Trader Bluntz, SOL may have finished its accumulating phase after breaking out of an ascending triangle pattern on the daily chart. The price is currently holding above the crucial $93.50 level that served as resistance.
The immediate upside target is close to $120, which provided support for a large portion of 2024 and 2025. If bullish momentum persists, $145 will emerge as the next important level. Derivatives data, however, advises caution: substantial buy-side demand has not yet materialized, and open interest has stayed below $2.3 billion since early February. Additionally, the futures cumulative volume delta has improved by $700 million since late February. Analysts see the recent recovery as spot-driven rather than leveraged, and funding rates are still neutral. This could be a more sustainable foundation, but before broader confidence returns, the $120 level must be regained.
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