China plans to cancel Bitcoin and create encryption reserves by 2025 | Flash news details

On March 3, 2025, an important advertisement was released by Crypto Rover on X (previously Twitter), saying that China plans to cancel Bitcoin and other cryptocurrencies in 2025 and create a strategic reserve from Bitcoin and Ethereum (Crypto Rover, X, 3 March 2025). This news was shocked by the cryptocurrency market, which led to an increase in immediate prices. At 10:00 AM UTC on March 3, the Bitcoin price jumped from $ 60,000 to $ 65,000 in minutes, reflecting an increase of 8.33 % (Coinmarkcap, 3 March 2025). Likewise, Ethereum witnessed an increase of $ 3500 to $ 3,800, an increase of 8.57 %, during the same period (CoinMarketcap, 3 March 2025). Bitcoin trading volume on main stock exchanges such as Binance and Coinbase increased to 2.5 million BTC trading within an hour, an increase of 300 % compared to the average size of the previous week (Binance, Coinbase, 3 March 2025). For Ethereum, the volume of the size increased to 1.5 million ETH was circulated during the same hour, which represents an increase of 250 % (Binance, Coinbase, 3 March 2025). This increase in size and price indicates the immediate reaction of the market to the news of the potential policy of China.

The effects of China’s decision to cancel cryptocurrencies and create a deep strategic reserve in trading strategies. This advertisement increased fluctuations, with the expansion of Bollegerer to expand the bitcoin currency significantly, indicating high price traffic (TradingView, 3 March 2025). The RSI RSI has reached 75, indicating that the original was entering an excessive timing area, which could indicate a phase of possible withdrawal or unification (TradingView, 3 March 2025). The RSI of Ethereum has risen to 72, hinting to a possible correction (TradingView, 3 March 2025). The BTC/USDT trading pair on Binance showed a sharp increase in open attention, as it jumped from 10,000 BTC to 15000 BTC within an hour, reflecting the 50 % increase in future trading activity (Binance Futures, 3 March 2025). For ETH/USDT, the open interest increased from 5000 ETH to 7500 ETH, with a 50 % increase (Binance Futures, 3 March 2025). This data indicates that merchants put themselves strongly to take advantage of the expected market movements after changing policy in China.

Technical indicators and trading data show the market response to the news. On March 3, 2025, at 11:00 AM UTC, the MacD MacD of Bitcoin showed a bullish intersection, with a MACD line crossing over the signal line, indicating a possible continuation of the bullish direction (TradingView, 3 March 2025). Ethereum’s Macd also offered a bullish intersection at the same time, which enhances the morale of the positive market (TradingView, 3 March 2025). Bitcoin chain scales showed a significant increase in active headlines, with a rise from 800,000 to 1.2 million within an hour, 50 % height (Glassnode, 3 March 2025). ETHEREUM’s active headlines increased from 500,000 to 750,000, with a 50 % increase (Glassnode, 3 March 2025). Bitcoin’s network fragmentation has been stable at 300 EH/S, indicating that mining operations were not immediately affected by news (Blockchain.com, 3 March 2025). These technical indicators and standards on the series provide a comprehensive vision of the market reaction and can direct traders in taking enlightened decisions.

Regarding the developments of artificial intelligence, news of changing the encryption policy in China has not directly affected the prosecutor’s distinctive symbols such as Singularity (Agix) or Fetch.ai (Fet). However, the total positive feelings in the encryption market can indirectly benefit from these symbols. At 12:00 pm UTC on March 3, 2025, AGIX witnessed a modest increase of 2 % to $ 0.50, while FET rose by 1.5 % to $ 0.75 (Coingecko, 3 March 2025). The relationship between the main encryption assets such as Bitcoin and ETHEREUM with artificial intelligence symbols remains weak, with a 0.15 correlation coefficient for BTC/AGIX and 0.10 for ETH/Fet last month (Cryptoquant, 3 March 2025). This indicates that despite the high sense of the encryption market, the distinctive symbols of artificial intelligence do not witness a major direct impact from the Chinese policy declaration. Traders may consider monitoring the AI’s trading sizes, which have been stable at a rate of 100,000 AGIX and 75000 Fet were traded per hour before and after the advertisement (Binance, 3 March 2025). This stability indicates that trading strategies that depend on artificial intelligence have not yet turned in response to the news, but traders must remain vigilant to any changes in this dynamic space.