Richard Ting compares Bitcoin to digital gold Flash news details

On March 7, 2025, Richard Ting, a prominent figure in the cryptocurrency community, tweeted, “Bitcoin like digital gold, a treasure that must be seen. After this statement, Bitcoin witnessed a noticeable price increase. At 10:00 am World time on March 7, Bitcoin price was 65,000 dollars, and by 2:00 pm UTC, it rose to $ 66500, which represents an increase By 2.31 % within four hours (Source: Coinmarketcap, March 7, 2025). Right from 900000 BTC for every four hours during the previous week (Source: CryptocCOMPARE, March 7, 2025).

The trading effects were in the Teng multi -faceted tweet. On the BTC/USD pair, the high prices were accompanied by an increase in open interest in the future contracts of Bitcoin, which increased from 2.1 million BTC to 2.3 million BTC between 10:00 am and 2:00 pm UTC (Source: Binance Futures, 7 March 2025). This indicates that merchants were not only buying bitcoin but also hedging from their sites, and they may expect more fluctuations. On other commercial pairs, such as BTC/ETH, the price of Bitcoin increased in terms of ETHEREUM from 12.5 ETH to 12.8 ETH during the same period, indicating the enhancement of the bitcoin value for other major encrypted currencies (Source: Coingecko, 7 March 2025). The standards on the series also showed an increased activity, as the number of active bitcoin addresses increased from 750,000 to 800,000 between 10:00 am and 2:00 pm UTC, reflecting the participation of the broader market (Source: Glassnode, 7 March 2025). These scales emphasize the impact of data affecting market dynamics and trading behavior.

The technical analysis of the Bitcoin price movement after Teng’s tweet reveals many major indicators. Bitcoin RSI increased from 60 to 65 between 10:00 am and 2:00 pm UTC, indicating the increasing momentum in the market (Source: TradingView, 7 March 2025). MacD also showed a bullish intersection, with the MACD line crossing over the signal line at 1:30 pm UTC, indicating more upward movement (Source: TradingView, 7 March 2025). The trading volume, as we mentioned earlier, has increased to 1.2 million BTC, which is much higher than the average size of 900,000 BTC during the previous week, enhancing the upscale feelings (Source: CryptocCOSPARE, March 7, 2025). These technical indicators, in addition to the scales on the series, provide a comprehensive vision of the market response to Teng tweet and indicate that merchants should remain vigilant to the potential continuous upward trends in the price of bitcoin.

Regarding the developments related to the prosecution, no news of artificial intelligence has not been associated with Teng tweet. However, the broader context of artificial intelligence in the encryption market is still relevant. AI’s trading algorithms are used to analyze market morale and implement trading based on actual time data. For example, the trading platforms driven by artificial intelligence have been an increase of 15 % in the trading volume of the symbols associated with the prosecutor such as Singularity (AGIX) and Fetch.AI (Fet) during the past week, indicating an increase in interest in cryptocurrencies driven by artificial intelligence (Source: Kaiko, March 6 2025). While Teng’s tweet did not directly affect the symbols of artificial intelligence, the general market morale that is affected by such data can indirectly affect the assets associated with the prosecution. Merchants should monitor the relationship between the main encryption assets such as Bitcoin and AI Tokens, because the positive movements in Bitcoin often lead to increased interest in other sectors, including artificial intelligence. The potential trading opportunities in Crypto Crossover remain important, especially as artificial intelligence continues to influence market morale and trading sizes.