empty
31.03.2025 10:58 AM
Crypto market baffles traders

Recent news from the cryptocurrency market has discouraged investors. Over the past weekend, Bitcoin and Ether experienced sharp drops and failed to return to their upward trajectory, indicating a high probability of further market correction, especially in the absence of positive news.

This image is no longer relevant

As recent data shows, daily cryptocurrency trading volumes have significantly decreased compared to the peak levels reached after the presidential elections and now stand at around $35 billion, which is roughly the level recorded before Donald Trump's victory in the presidential elections.

After the elections on November 5, daily trading volumes surged to $126 billion, fueled by increased market enthusiasm and speculative activity. This represents a decline of about 70% from the peak, returning the market to pre-election base levels in a rather short period, which is a rather poor signal for the medium-term bullish market. Recent announcements of new tariffs against major US trading partners have introduced uncertainty, which has dampened trading enthusiasm in both traditional and cryptocurrency markets. The total market capitalization of cryptocurrencies reached approximately $3.9 trillion at its peak, before pulling back to the current level of around $2.9 trillion.

However, a reduction in trading volume may signal several potential market events in the coming months. Historically, long periods of decreasing volumes have often preceded significant market movements, as liquidity reduction can amplify price impacts when larger players start shifting positions. Once there is more clarity on the Trump administration's full approach to cryptocurrency regulation, demand for risk assets may resume. However, for this to happen, a recovery in the stock market is also necessary, as the cryptocurrency market has recently been strongly correlated with it.

Demand for BTC has been waning and has already dropped to lows not seen since December 2023, according to CryptoQuant data. This trend is also driven by factors including ongoing macroeconomic uncertainty and overall risk aversion among investors. The decrease in demand is reflected in reduced trading volumes on major crypto exchanges, as I mentioned earlier, and in a decline in the number of active wallets interacting with BTC. Besides, there has been an outflow of BTC from exchanges, which may indicate that long-term investors prefer to hold onto their assets rather than actively sell them.

This image is no longer relevant

Technical picture of Bitcoin

Buyers are currently aiming for a return to the $82,600 level, which would open a direct path to $83,700. From there, it would be just a step away from $84,600. The furthest target will be the high near $85,900. Once this level is overcome, it would signal a return to a bullish market. In case of a decline, I expect buyers to appear at the $81,500 level. A return of the trading instrument below this area could quickly push the price down to $80,500. The furthest target in this case would be $79,400.

This image is no longer relevant

Technical picture of Ethereum

A clear consolidation above $1,831 opens a direct path to $1,864. The furthest target will be the high near $1,898. Overcoming this would signal a return to a bullish market. In case the price declines, I expect buyers to appear at the $1,784 level. A return of the trading instrument below this area could quickly push the price down to $1,750. The furthest target in this case would be the $1,717 area.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar en el mercado de criptomonedas el 28 de marzo

El Bitcoin y Ethereum siguen enfrentando dificultades. Otro intento fallido de que el Bitcoin se mantuviera por encima del nivel de 88 000 llevó a su venta durante la sesión

Miroslaw Bawulski 07:52 2025-03-28 UTC+2

El Éter cayó. El Bitcoin salió mejor parado

A pesar de la implementación exitosa de la actualización de prueba Pectra en la nueva red de pruebas Hoodi —lo que representa el último paso antes de su implementación

Jakub Novak 07:52 2025-03-28 UTC+2

Análisis del par BTC/USD. El 27 de marzo. El Bitcoin no tiene potencial de crecimiento

La estructura de ondas del gráfico de 4 horas para el instrumento BTC/USD es completamente comprensible. Después de completar un tramo ascendente de la tendencia, compuesto por cinco ondas completas

Chin Zhao 08:25 2025-03-27 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 27 de marzo

El Bitcoin y Ethereum vuelven a enfrentar ciertas dificultades para subir. Pero esto es más bien una reacción a las nuevas declaraciones políticas de Trump, lo que llevó

Miroslaw Bawulski 07:28 2025-03-27 UTC+2

BCH/USD – situación actual y perspectivas

Los sentimientos de duda e incertidumbre de la semana pasada se mantienen hasta ahora. La atracción del nivel final del cruce mensual de Ichimoku (329,98) sigue manteniendo al mercado dentro

Evangelos Poulakis 07:10 2025-03-27 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 26 de marzo

El Bitcoin y Ethereum continúan mostrando un crecimiento activo, pero también enfrentan dificultades al superar niveles importantes de resistencia. Ayer, el Bitcoin, tras alcanzar los $88 400, retrocedió y actualmente

Miroslaw Bawulski 07:32 2025-03-26 UTC+2

El Bitcoin se estanca antes de un nuevo impulso por encima de los $90 000

Mientras estás pensando si comprar Bitcoin o no, el mayor gestor de activos del mundo, la empresa BlackRock, está aumentando activamente sus reservas de ETH para su fondo tokenizado BUIDL

Jakub Novak 07:32 2025-03-26 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 25 de marzo

El Bitcoin y Ethereum lograron actualizar niveles bastante importantes, pero una vez más no pudieron mantenerse por encima de ellos. El Bitcoin, tras alcanzar el nivel de $88 600, retrocedió

Miroslaw Bawulski 07:48 2025-03-25 UTC+2

Por qué la caída de Bitcoin aún no ha terminado

A pesar del reciente crecimiento del mercado de criptomonedas, por ahora las perspectivas alcistas más amplias y el regreso del Bitcoin al nivel de $100 000 siguen siendo poco realistas

Jakub Novak 07:48 2025-03-25 UTC+2

Recomendaciones de trading en el mercado de criptomonedas para el 24 de marzo

El Bitcoin y Ethereum han mostrado un crecimiento bastante sólido hoy después de un fin de semana algo apagado, lo que indica una creciente disposición de los inversores al riesgo

Miroslaw Bawulski 08:41 2025-03-24 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.