BTC Tests Key Levels Amid Volatility
Bitcoin is testing $65K support and $73K highs with ETFs seeing $462M inflows and $1.7B institutional dip-buying. Major developments include ICE investing in OKX ($25B valuation), Trump's pro-BTC Fed nominee, Revolut's US bank license, and Morgan Stanley's $1B loan to Core Scientific.
The partnership between Intercontinental Exchange (ICE), the parent company of the NYSE, and crypto exchange OKX is a strategic move to link traditional financial markets with blockchain infrastructure. The deal gives ICE a seat on OKX's board and aims to develop regulated cryptocurrency futures. Under the agreement, ICE plans to license OKX's real-time crypto pricing data to launch U.S.-regulated futures contracts. In turn, OKX will provide its customer base of over 120 million people with access to ICE's U.S. futures markets and tokenized stocks listed on the New York Stock Exchange. The Morgan Stanley loan to Core Scientific is designated for the company's transition toward artificial intelligence infrastructure. The initial $500 million, expandable to $1 billion, will fund the construction of AI-focused data centers as the company pivots from its origins in Bitcoin mining. Donald Trump's nominee for Federal Reserve Chair is Kevin Warsh, who previously served as a Fed governor from 2006 to 2011 under Presidents George W. Bush and Barack Obama. The nomination comes as Trump has been a vocal critic of current chair Jerome Powell's interest rate policies. Warsh has expressed positive views on cryptocurrency, stating in a 2025 interview, "Bitcoin does not make me nervous." He has referred to Bitcoin as an "important asset" and his potential confirmation is anticipated by some to lead to faster interest rate cuts. Revolut's application for a U.S. bank charter would allow the fintech firm to operate without a third-party partner bank. If approved, the license would grant Revolut direct access to the Federal Reserve's payment systems, such as Fedwire and the Automated Clearing House (ACH), and allow it to offer FDIC-insured deposit accounts. While recent spot Bitcoin ETF inflows have been strong, daily flows show volatility. After seeing a massive net inflow of $461.9 million on March 4, the ETFs recorded a net outflow of $228 million the very next day. Despite fluctuations, the total assets held
