{"id":37681,"date":"2025-03-03T15:00:07","date_gmt":"2025-03-03T12:00:07","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37681"},"modified":"2025-03-03T13:53:53","modified_gmt":"2025-03-03T10:53:53","slug":"this-week-in-bitcoin-biggest-cme-gap-at-85k","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/this-week-in-bitcoin-biggest-cme-gap-at-85k\/","title":{"rendered":"This Week in Bitcoin: Biggest CME Gap at $85K"},"content":{"rendered":"<p><a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-and-cryptocurrency-market-update-march-3\/\"><strong>Bitcoin<\/strong> <\/a>started the week strong, gained momentum from Trump&#8217;s statements, and the <strong>Coinbase premium index<\/strong> turned positive.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/this-week-in-bitcoin-biggest-cme-gap-at-85k\/#Bitcoin_Makes_a_Strong_Comeback_This_Week_US_President_Trump_Appears_to_Approve_Crypto_Reserves\" title=\"Bitcoin Makes a Strong Comeback This Week: U.S. President Trump Appears to Approve Crypto Reserves\">Bitcoin Makes a Strong Comeback This Week: U.S. President Trump Appears to Approve Crypto Reserves<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/this-week-in-bitcoin-biggest-cme-gap-at-85k\/#Coinbase_Premium_Index_and_Trumps_Statements\" title=\"Coinbase Premium Index and Trump&#8217;s Statements\">Coinbase Premium Index and Trump&#8217;s Statements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/this-week-in-bitcoin-biggest-cme-gap-at-85k\/#Fed_Chair_Powell_to_Speak_and_Employment_Data_to_Be_Released\" title=\"Fed Chair Powell to Speak and Employment Data to Be Released\">Fed Chair Powell to Speak and Employment Data to Be Released<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"98\"><span class=\"ez-toc-section\" id=\"Bitcoin_Makes_a_Strong_Comeback_This_Week_US_President_Trump_Appears_to_Approve_Crypto_Reserves\"><\/span>Bitcoin Makes a Strong Comeback This Week: U.S. President Trump Appears to Approve Crypto Reserves<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"100\" data-end=\"331\"><strong>Bitcoin<\/strong> bounced back with a $10,000 &#8220;green&#8221; candle, triggering a <strong>CME futures gap<\/strong>. <strong>U.S. President Trump<\/strong>, ahead of the White House crypto summit, expressed support for a strategic crypto reserve, stating he &#8220;loves&#8221; Bitcoin and Ether.<\/p>\n<p data-start=\"333\" data-end=\"541\">These statements lifted Bitcoin out of a bear market, bringing it close to a new all-time high with a 16% gain. The crypto market reacted with excitement, discussing the long-term effects of the announcement.<\/p>\n<p data-start=\"543\" data-end=\"641\">The Kobeissi Letter noted that Bitcoin has emerged from the bear market and is nearing a new peak.<\/p>\n<h2 data-start=\"643\" data-end=\"688\"><span class=\"ez-toc-section\" id=\"Coinbase_Premium_Index_and_Trumps_Statements\"><\/span>Coinbase Premium Index and Trump&#8217;s Statements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"690\" data-end=\"987\">Another key development in the crypto market is the <strong>Coinbase premium index<\/strong> turning positive, indicating increased buying demand in the U.S. and a decrease in selling pressure. <strong>CryptoQuant<\/strong> pointed out that while the index shows signs of recovery, strong institutional buying has yet to be observed.<\/p>\n<p data-start=\"989\" data-end=\"1165\">Nevertheless, the market remains cautious. As of March 3, the <strong>Crypto Fear &amp; Greed Index<\/strong> is still in the &#8220;fear&#8221; zone, though it has shown a significant recovery in recent weeks.<\/p>\n<p data-start=\"1167\" data-end=\"1445\">Market sentiment is waiting for further confirmation, especially due to the political implications of Trump&#8217;s statements. CryptoQuant&#8217;s Crypto Avails noted that while Trump&#8217;s &#8220;crypto reserve&#8221; announcement could fuel the market, there\u2019s a possibility of a reversal in the future.<\/p>\n<h2 data-start=\"1447\" data-end=\"1507\"><span class=\"ez-toc-section\" id=\"Fed_Chair_Powell_to_Speak_and_Employment_Data_to_Be_Released\"><\/span>Fed Chair Powell to Speak and Employment Data to Be Released<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1509\" data-end=\"1771\">The remaining macroeconomic developments for the week focus on<strong> U.S. employment data<\/strong>. Initial jobless claims will be released on March 6, followed by the U.S. jobs report the next day. <strong>Jerome Powell, the Fed Chair, will also speak on the day of the crypto summit.<\/strong><\/p>\n<p data-start=\"1773\" data-end=\"1937\" data-is-last-node=\"\" data-is-only-node=\"\">These developments may bring volatility to the crypto market, with changes in the labor market and Fed&#8217;s interest rate policies expected to impact market sentiment.<\/p>\n<hr \/>\n<p data-start=\"1773\" data-end=\"1937\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest <a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin started the week strong, gained momentum from Trump&#8217;s statements, and the Coinbase premium index turned positive. Bitcoin Makes a Strong Comeback This Week: U.S. President Trump Appears to Approve Crypto Reserves Bitcoin bounced back with a $10,000 &#8220;green&#8221; candle, triggering a CME futures gap. U.S. President Trump, ahead of the White House crypto summit,<\/p>\n","protected":false},"author":29,"featured_media":37683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[6227,12373,12372,11068,12374],"class_list":["post-37681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin-bull","tag-cme-futures-gap","tag-coinbase-premium-index","tag-crypto-fear-greed-index","tag-u-s-president-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Week in Bitcoin: Biggest CME Gap at $85K - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/this-week-in-bitcoin-biggest-cme-gap-at-85k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Week in Bitcoin: Biggest CME Gap at $85K - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bitcoin started the week strong, gained momentum from Trump&#8217;s statements, and the Coinbase premium index turned positive. 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