Bitcoin rallies on easing macro fears

Rachael LucasMar 27th 2025

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State of crypto

Bitcoin holds strong above US$86K as momentum builds
Pro-Trump crypto group unveils USD1 stablecoin backed by US treasuries
Fidelity starts testing dollar-pegged stablecoin
BlackRock's first Bitcoin ETP launched in Europe
GameStop announces board-approved Bitcoin investment plan

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Bitcoin holds strong above US$86K as momentum builds

After reclaiming the US$85K level, Bitcoin has held steady above US$86K, showing resilience amid growing institutional confidence. Key developments, including continued ETF inflows, GameStop’s surprise BTC investment, and the U.S. government’s bold push to become a global crypto leader, have helped reinforce bullish sentiment. Together, these signals appear to be stabilising the market and setting the stage for a potential move toward the next leg up.

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Pro-Trump crypto group unveils USD1 stablecoin backed by US treasuries

World Liberty Financial, a pro-Trump crypto organisation, has announced plans to launch USD1—a new stablecoin backed by U.S. Treasuries. The group says the digital currency will enable “seamless, secure cross-border transactions” while maintaining full asset backing to ensure stability and trust. The move comes amid broader efforts by Trump-affiliated groups to position the US as a global leader in digital assets and challenge traditional financial systems.

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Fidelity starts testing dollar-pegged stablecoin

Fidelity Investments is currently testing the waters for introducing its own stablecoin, a cryptocurrency designed to maintain a constant value, typically pegged 1:1 with the US dollar. A spokesperson from Fidelity's digital asset division confirmed the ongoing tests but emphasised that there are no immediate plans for a public release. This initiative aligns with a broader trend of mainstream financial institutions delving into digital assets, especially as the current administration under President Donald Trump has shown increased support for the crypto industry.

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BlackRock's first Bitcoin ETP launched in Europe

BlackRock has officially launched its first-ever Bitcoin exchange-traded product (ETP) in Europe, marking a major milestone for the world’s largest asset manager. The iShares Physical Bitcoin ETP (IBTC) is now listed on Euronext Amsterdam and Euronext Paris, offering European investors direct exposure to Bitcoin’s price movements. This comes just months after the firm’s successful U.S. launch of its spot Bitcoin ETF, which has already attracted billions in inflows.

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GameStop announces board-approved Bitcoin investment plan

GameStop has announced that it will allocate a portion of its cash reserves into Bitcoin, following a board-approved revision to its investment policy. The move reflects the company’s strategy to diversify its assets and tap into the long-term value potential of digital currencies. GameStop joins a growing list of public companies who have begun exploring crypto investments as part of broader financial and tech-forward transformations.

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Crypto Fear & Greed Index

Source: Fear & Greed Index

BTC Markets in the news

The Australian: Industry open to ‘pragmatic’ digital assets intervention

Members of the crypto industry have backed the Albanese government’s latest interventions into the growing digital assets market as “pragmatic”, noting the approach outlined on Friday kept Australia in line with other countries.

BTC Markets boss Caroline Bowler said the government’s proposals were “pragmatic” and “grounded”. “We appreciate that the suggested standards to be imposed on digital asset providers are common sense, and do not require a reworking of existing regulations,” she said.

“The carve-out of non-financial products and software development should be of relief for those who create and use NFTs – an area where Australia has shown ingenuity and bleeding edge creativity.”

Read the full article here.

The Block: Spot bitcoin ETFs record seven-day inflow streak with signs of 'improving macro conditions'

U.S. spot bitcoin exchange-traded funds saw their seventh straight day of net inflows on Monday, after weeks of significant outflows throughout February and early March. This is the longest consecutive inflow streak since Jan. 24.

"That’s a strong signal," said BTC Markets Crypto Analyst Rachael Lucas. "It suggests a shift in sentiment, with institutions backing bitcoin in a way we haven’t seen recently."

Read the full article here.

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The week ahead: economic events

Thursday, March 27th

Germany GfK Consumer Climate
UK Retail Sales MoM
France Inflation Rate
US Core PCE Price Index MoM & Personal Income &US Personal Spending

Monday, March 31st

China NBS Manufacturing PMI
Italy Inflation Rate
Germany Inflation Rate

Tuesday, April 1st

Japan Business Confidence
China Caixin Manufacturing PMI
Australia Interest Rate
Euro Area Inflation Rate

Wednesday, April 2nd

US ISM Manufacturing PMI & Job Openings

Thursday, April 3rd

Australia Balance of Trade
Canada Balance of Trade

Source: Trading economics

Market reflections

Australia: Economic caution and digital priorities ahead

Australia’s economic outlook is still being shaped by caution at home and uncertainty abroad. Treasurer Jim Chalmers warned of a potential “seismic shock” to the global economy, triggered by US policy decisions and geopolitical risks, calling on Australian businesses to brace for possible turbulence. While the 2025 Federal Budget forecasts moderate GDP growth and falling inflation, the Treasury is preparing for a wider deficit due to cooling labor markets and global trade friction.

On the digital front, the Treasury reaffirmed its commitment to crypto regulation and fintech innovation. Officials laid out updated digital asset priorities, including clearer licensing frameworks and a roadmap to support blockchain integration across the financial system. The government’s twin focus on fiscal resilience and digital modernisation could shape the trajectory of Australia's economy in the months ahead.

United States: Fed holds steady as confidence dips, but stagflation fears ease

Federal Reserve officials, including Neel Kashkari, advocate for maintaining current interest rates amidst policy uncertainties, emphasised the need for stability as the economy navigates these challenges. Additionally, consumer confidence has declined for the fourth consecutive month, reflecting public apprehension about economic conditions. Despite these concerns, some analysts argue that the risk of stagflation remains low, citing stable oil prices and moderate wage growth as mitigating factors.

China: Policy shifts hint at economic support and crypto softening

China is signaling more proactive measures to support its economy, with central bank adviser Huang Yiping noting the country has "very big" policy room to spur growth, including potential rate cuts and stronger stimulus. Regulators are also preparing to restart IPO activity on the mainland to revive markets and investor confidence. Meanwhile, recent reports suggest Beijing may be warming to crypto, with a Hong Kong ETF issuer revealing that Chinese authorities are exploring a potential shift in their current crypto stance.

Germany: Business morale climbs as economy shows signs of recovery

Germany's Ifo Business Climate Index rose to 86.7 from 85.3 in February, indicating a brighter outlook among companies. Firms reported increased satisfaction with their current situation and expressed more optimistic expectations for the future. Economists say this could mark the beginning of a modest recovery for Europe’s largest economy following a prolonged period of stagnation.

Canada: Auto tariffs escalate trade tensions with US

US President Donald Trump announced a 25% tariff on imported vehicles and parts, citing national security concerns. Canadian Prime Minister Mark Carney condemned the move as a "direct attack" on Canada's auto industry and convened an emergency cabinet meeting to formulate a response, which may include retaliatory tariffs. Ontario Premier Doug Ford expressed full support for a strong countermeasure, emphasising the need to protect Canadian workers and businesses. The tariffs threaten significant economic disruption, particularly in border communities like Windsor, Ontario, where the auto sector is a major employer.

Scam awareness

Types of scams: Jobs and employment scams

Stop and check any job that requires you to pay money to make money. It could be a scam.

Scammers offer jobs that pay well with low effort. But it’s only the scammer that will make money in the end. Often the job doesn’t exist at all.

Scammers pretend to be hiring on behalf of high-profile companies and online shopping platforms. They also impersonate well-known recruitment agencies. Their goal is to steal your money and identity details.

Learn more at scamwatch.gov.au

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