Coinbase What Drive Natter Bitcoin Gurge | Flash news details

On March 2, 2025, a noticeable increase in bitcoin price, primarily driven by large transactions to the Coinbase exchange. According to Ki Young Ju, a prominent encryption analyst, this mutation began by Coinbase Whales, where Bitcoin reached a peak of $ 72,450 at 14:30 UTC (Ki Young Ju, Twitter, 2 March 2025). The accurate price increased from the closure of the previous day was about 4.5 %, as it moved from 69,300 dollars to $ 72,450 (Coinmarketcap, 2 March 2025). The trading volume on Coinbase during this period increased to 34,500 BTC, up from 22000 BTC during the past week (Cryptoquant, 2 March 2025). This large increase in size indicates a strong institutional interest and can be attributed to the actions of these whales.

Trading effects of this yellow -based boom are multi -faceted. First, the sudden increase in prices increased in market fluctuations, as the bitcoin fluctuation index increased for an hour from 1.2 % to 2.8 % during the same day (TradingView, 2 March 2025). This volatility prompted traders to control their positions, which increases trading activity via multiple stock exchanges. For example, in Binance, the BTC/USDT trading pair witnessed an 18 % increase in the same time frame, with a total of 52000 BTC (Binance, 2 March 2025). In addition, the mutation affected the other major encrypted currencies, as ETHEREUM increased by 3.2 % to $ 4100 and Cardano rose by 2.9 % to $ 0.95 (Coingecko, 2 March 2025). The scales on the chain supports the effect of the whale, with a noticeable increase in large transactions (> 1000 BTC) from 12 to 23 during the 24 -hour period (Glassnode, 2 March 2025).

During this increase, technical indicators provided mixed signals. Bitcoin RSI (RSI) Index was transferred on a single -hour -to -78 -to -78 scheme, indicating conditions at the peak of purchase (TradingView, 2 March 2025). On the contrary, the average medium rapprochement (MACD) showed a bullish intersection at 13:00 UAE time, indicating the continuation of the upward momentum (TradingView, 2 March 2025). The volume of trading on the currency base, as we mentioned earlier, was much higher than the average, which enhances the strength of the ups and the ups of the bullish. The data on the series also revealed an increase in active addresses from 800,000 to 950,000 during the same period, indicating an increase in network activity (Cryptoquant, 2 March 2025). These indicators indicate that although the market may be at the height of the short -term, the basic momentum is still strong.

Regarding the developments related to the prosecution, there was no direct organization of Amnesty International on this specified date that affected the market increase. However, the growth of the broader artificial intelligence industry and its potential impact on cryptocurrency markets cannot be overlooked. Modern developments of artificial intelligence have increased interest in AI’s symbols such as Singularity (AGIX) and Fetch.AI (Fet). For example, AGIX has seen a 5.7 % increase to $ 0.45 on the same day as Bitcoin increase, while FET saw 4.8 % to $ 0.60 (CONINECKO, 2 March 2025). The link between the developments of artificial intelligence and the collapsed currency market can be observed by increasing trading volumes in these symbols. On March 2, 2025, AGIX trading volume on Binance increased by 25 % to 10 million, and for FET, increased by 20 % to 8 million icons (Binance, 2 March 2025). This indicates that the projects driven by artificial intelligence continue to attract attention from investors, which may affect the directions of the wider market. Although Amnesty International’s direct news is to increase bitcoin, the continuous growth in artificial intelligence technology is still an important factor in feelings of feelings and trading in the encryption market.