You are about to leave the website of SDM Inc. ("SDM") and will be redirected to the website of SDM Financial Inc. ("SDM Financial"), a US affiliate of SDM providing crypto derivatives trading services.
Please be aware that SDM Financial's services are not intended for, and should not be used by, residents of Canada.
By clicking on the link to SDM Financial's website, you acknowledge and agree that: You are not a Canadian resident.
SDM Financial is not registered with any regulatory authority in Canada and is strictly prohibited from entering, or otherwise engaging in, any transactions with Canadian residents.
Non-Canadian residents who deal with SDM Financial do so at their own risk, and SDM will not be held liable for any losses or damages incurred as a result.
By clicking 'I Accept' below, you confirm that you have read, understand, and agree to the above . If you do not agree, please select 'I Decline' and you will be redirected back to SDM's website.
Let's begin by analyzing the broader market context.
The market is showing a moderate rebound following a sharp sell-off earlier this week, triggered by President Donald Trump’s tariff announcements. In a Tuesday evening address to Congress, Trump downplayed the market’s concerns, referring to the tariffs as a “minor disturbance” and reaffirming their economic strategy: “Tariffs are about making America wealthy again and restoring its greatness. This is happening, and it will occur swiftly.”
In response, the Chinese Embassy in the U.S. issued a stern statement via X, indicating readiness for conflict, whether it be in the form of a tariff war, trade war, or any other type of confrontation: “If war is what the U.S. seeks, we are prepared to fight until the end.”
Despite the tension, the market is cautiously optimistic that policymakers may revise their stance. On Tuesday, Commerce Secretary Howard Lutnick signaled that the U.S. might reach a compromise with Canada and Mexico on tariffs, suggesting a potential middle ground.
This development has provided some support to Bitcoin, driving its price back to nearly $91,000, with the total market cap climbing to $2.9 trillion. In light of the recent market sell-off, expectations are now set for at least three rate cuts this year. Additionally, the pullback in the 10-year Treasury yield and the U.S. Dollar Index may encourage greater risk-taking. The ongoing 'extreme fear' reading on the Fear and Greed Index often signals an imminent BTC price rally, with past occurrences of similar conditions preceding substantial gains.
In other news, there are speculations that President Trump will unveil a crypto reserve strategy at this Friday's White House Crypto Summit, where executives from leading crypto companies, including Coinbase, Chainlink, Strategy, and Exodus, are set to attend.
From a technical standpoint, Bitcoin’s 200-day moving average around the $82,000 level is proving to be a solid support zone. Resistance is currently sitting near $95,000.
On the Ethereum front, the long-anticipated Pectra upgrade made significant progress early Wednesday, with its successful deployment on the Sepolia test network. Pectra, comprising 11 major features, is designed to improve staking, wallet functionality, and the overall efficiency of the Ethereum network.
The News Room
The NCA, founded with a $50 million grant from Ripple, launches education platform to amplify crypto's 'untold stories
The National Cryptocurrency Association (NCA), founded by Ripple with a $50 million grant, officially launched on Wednesday to provide crypto education and resources for U.S. consumers. The nonprofit aims to amplify real-world crypto use cases and promote responsible adoption through an independent education platform. While not a lobbying group, the NCA seeks to engage with industry leaders and policymakers. The launch follows growing regulatory shifts under the Trump administration, including the establishment of a U.S. Crypto Strategic Reserve. The NCA plans to release a research report surveying 10,000 U.S. crypto holders later this month.
Metaplanet presses on with bitcoin purchases, adds another $43.9 million worth of BTC
Metaplanet has acquired an additional 497 BTC for $43.9 million, just two days after purchasing 156 BTC. The Tokyo-listed firm now holds 2,888 BTC, bought for a total of $240.2 million at an average price of $83,172 per bitcoin. With its holdings currently valued at $251 million, the firm has secured paper profits. Metaplanet continues its aggressive accumulation strategy, targeting 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. Its stock has risen 17% today, while Bitcoin is up 4% in the past 24 hours, trading at $86,943.
El Salvador's Bukele vows to continue Bitcoin purchases despite IMF deal
El Salvador President Nayib Bukele reaffirmed that the country will continue purchasing bitcoin despite its $1.4 billion deal with the IMF, which required scaling back bitcoin-related activities. The IMF recently stated that the agreement would restrict government bitcoin purchases, but El Salvador's strategic reserve announced an increase in its holdings to 6,101 BTC, worth over $535 million. Bukele dismissed concerns, stating bitcoin acquisitions would not stop, even after global pressure and compliance with IMF conditions.
ETF Flow
Crypto Charts
Disclaimer
This research is for informational use only. This is not investment advice. Other than disclosures relating to Secure Digital Markets this research is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our research as appropriate.
Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this research.
The information on which the analysis is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, company website, company white paper, pitchbook and any other sources. While Secure Digital Markets has obtained data, statistics, and information from sources it believes to be reliable, it does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.
Unless otherwise provided in a separate agreement, Secure Digital Markets does not represent that the report contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Secure Digital Markets and their officers, directors and employees shall not be responsible or liable for any trading decisions, damages or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.
Crypto and/or digital currencies involve substantial risk, are speculative in nature and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.
Contact Us
Sign up to receive more exclusive market coverage:
.png)
.png)
