TechFlow news, March 29 — According to Benzinga, Matt Mena, 21Shares' cryptocurrency research strategist, said that while U.S. equities fluctuated amid macroeconomic uncertainty, BTC demonstrated resilience and defended the $84,000–$85,000 support zone. Nic Puckrin, founder of The Coin Bureau, pointed out that the PCE data released this Friday could lead the Federal Reserve to delay its near-term rate cut plans, and Bitcoin is not expected to return to all-time highs until the Fed cuts rates again.
However, long-term bullish catalysts for the crypto market are forming. One is the anticipated confirmation of Paul Atkins, a crypto-friendly figure, as Chair of the U.S. Securities and Exchange Commission, which could unlock staking for Ethereum ETFs and approve other digital asset ETFs. Additionally, proposed legislation for a U.S. Strategic Bitcoin Reserve is expected to emerge in May. If formally implemented, it would position Bitcoin alongside gold as a sovereign-grade asset.
