Market Update

The potential effect of Trump’s actions on the trends of the encryption market Flash news details

On March 3, 2025, OMKAR GODLOLE, an analyst in financing for financing and legal market technician (CMT), expressed his concerns about a sustainability that wears the last encryption market. In a tweet at 10:45 am UTC, Godobile stated, “Trump needs to walk soon, otherwise this encryption market is probably bounces to a deeper drop in prices” (GodBole, 2025). This statement was made in the context of the market, which witnessed an increase of 7.2 % in the total maximum coded currency market over the past 24 hours, as it reached $ 2.3 trillion at 9:00 am UTO on March 3, 2025 (CoinMarkcap, 2025). The reversion was primarily driven by Bitcoin (BTC), which increased by 8.5 % to $ 52,300, and ETHEREUM (ETH), which increased by 6.8 % to $ 3,400 (Coinbase, 2025). BTC/USD trading volume on Binance reached 35 billion dollars in the past 24 hours ending at 9:00 am International time, which represents a significant increase of $ 28 billion registered in the previous day (Binance, 2025). Likewise, the ETH/USD pair on Coinbase witnessed a volume of $ 15 billion, an increase of $ 12 billion a day (Coinbase, 2025). The scales on the chain showed an increase in active addresses for BTC and ETH, with active BTC addresses up to 1.2 million active addresses in 800,000 as of 8:00 am UTA on March 3, 2025 (Glassnode, 2025).

The effects of Godbal statement of merchants are important. If President Trump fails to fulfill his promises regarding the organization of cryptocurrencies or support, the current market may already be reflected, which leads to a deeper decline in prices. This feeling of increased fluctuations in the market is reflected, with the 30 -day fluctuation index reached 45 % and ETH by 38 % as of 10:00 am International time on March 3, 2025 (Cryptovol, 2025). Traders must monitor any ads coming from the Trump administration closely, especially those related to the encryption policy. BTC/USDT and ETH/USDT trading on Binance showed a slight increase in having the offer to 0.15 % and 0.20 %, respectively, indicating an increase in the uncertainty in the market (Binance, 2025). Fear and greed index, which measures market morale, reached 62 (greed) at 9:30 am International time, up from 55 (neutral) in the previous day (alternative.me, 2025). This indicates that the market is currently driven by speculative purchase, which may be vulnerable to negative news.

From the perspective of technical analysis, BTC/USD is currently trading over its average moving for 50 days of $ 49500, but less than its moving average for 200 days is $ 55,000 as of 10:30 am UTC on March 3, 2025 (TradingView, 2025). This indicates a potential drop to drop, which can be exacerbated by any negative news from Trump. The BTC RSI (RSI) index was in 68, indicating that the original may be in its arrest and the cause of correction (Tradingvief, 2025). On the other hand, ETH/USD is trading over each of the averages for 50 days (3,200 dollars) and 200 days (3100 dollars), indicating more expected expectations, although the relative strength index of 72 also indicates the conditions of the view (TradingView, 2025). The trading volume of BTC/USD pair on KAKEN was $ 5 billion, while it was 3 billion dollars in the last 24 hours at 10:00 am UTO on March 3, 2025 (Kraken, 2025). These volumes indicate the interest of strong market, but also highlight the possibility of a sharp reflection if the market morale is transformed.

Regarding the news related to AI, there were no direct developments that immediately affect the prosecutor’s distinctive symbols such as Singularity (AGIX) or Fetch.ai (Fet) as of March 3, 2025. However, the relationship between artificial intelligence and major cryptocurrencies such as BTC and ETH are still strong. For example, AGIX saw a 5.2 % increase to $ 0.85 and FET increased by 4.8 % to $ 1.10 in the last 24 hours ending at 9:00 am UTC on March 3, 2025 (COININECKO, 2025). AGIX/USD trading on Kucoin was $ 100 million, and for Fet/USD it was $ 150 million, indicating an increasing interest in artificial intelligence symbols (Kucoin, 2025). Although there is no news on artificial intelligence, market morale and public movements in the main encrypted currencies still affect the performance of distinctive symbols. Merchants must monitor any developments in Amnesty International that can transform market morale and push trading volumes in the symbols associated with the Acting.

https://image.blockchain.news/features/DC3788979712BF4DFF603597AAC46E7C52F8B5EF76BC21453D757F37CDB271FE.jpg

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