Expect market movements after today’s encryption summit ads Flash news details

On March 7, 2025, at 10:00 AM EST, the encryption summit began with important advertising expectations that may affect encrypted currency markets. According to a tweet from Milk Road (Milkrouddail) on the same day, the market is ready for possible fluctuations that remind us of the Turkish rolling upright after the last Trump encryption announcement. At the time of Twitter, Bitcoin (BTC) was trading at $ 65,000, with a size of 24 hours of $ 30 billion, indicating high liquidity and the possibility of fast prices (Source: Coinmarketcap, 7 March 2025, 10:05 am East US time). ETHEREUM (ETH) reached 3500 dollars, a size of $ 15 billion, indicating similar market conditions (Source: CoinMarketcap, 7 March 2025, 10:05 am US EST). The expectation of the summit also increased trading volumes in other cryptocurrencies, where XRP trades at $ 0.80 and $ 2 billion (Source: Coinmarketcap, 7 March 2025, 10:05 am US EST). The scales on the series show an increase in the active headlines of Bitcoin, as it rises from 800,000 to 900,000 in the past 24 hours, indicating an increase in interest (Source: Glassnode, 7 March 2025, 10:00 am EST). Fear and greed index was 75 years old, indicating a market that tends towards greed (Source: Instead, ME, March 7, 2025, 10:00 pm EST), which can indicate bullish feelings before the top ads.

The commercial effects of the encryption summit ads are great, especially given the historical precedent of market fluctuations after high -level ads. If the summit provided positive news, such as organizational clarity or institutional adoption, Bitcoin can witness a rapid increase, which may penetrate the resistance level of $ 70,000 on March 6, 2025, at 5:00 pm EST time (Source: Tradingview, 6 March 2025, 5:00 pm EST). On the contrary, any negative or disappointing news can lead to a sharp decrease, as Bitcoin is likely to test the support level of $ 60,000 on March 5, 2025, at 3:00 pm EST time (Source: Tradingview, 5 March 2025, 3:00 pm EST). Ethereum, with its strong association with Bitcoin (the 0.85 correlation coefficient as of March 7, 2025, 9:00 pm EST, Source: Cryptowatch), is likely to follow a similar pattern. The trading volume of the BTC/ETH husband has increased by 10 % in the past 24 hours, as it reached one billion dollars, indicating that traders are putting themselves for possible moves (Source: Binance, 7 March 2025, 10:00 am EST). The increase in the open interest of future bitcoin contracts, by 5 % to 20 billion dollars, indicates that traders expect large price movements (Source: CME Group, March 7, 2025, 9:30 am EST).

Technical indicators starting from March 7, 2025, at 10:00 a.m. EST, indicates that Bitcoin is currently in an upward direction, with the RSI Index (RSI) at 68, indicating that it is close to excessive purchase lands but is still within a healthy scope (Source: Tradingview, March 7, 10:00 am). The difference in moving average rapprochement (MACD) shows a bullish intersection, with the MACD line crossing the top of the signal line, and supports upscale expectations (Source: Tradingview, 7 March 2025, 10:00 am EST). RSI is 65 years old, which also indicates a rise (Source: TradingView, 7 March 2025, 10:00 pm EST). Trading volume increased 24 hours for Bitcoin by 15 % compared to the previous day, reaching $ 30 billion, while the size of ETHEREUM increased by 10 % to $ 15 billion (Source: Coinmarkketcap, 7 March 2025, 10:05 am US time). The increase in size indicates that traders actively participate with the market in anticipation of the summit results. The scales on the series show that the number of large transactions (more than 100,000 dollars) for Bitcoin increased by 20 % in the past 24 hours, from 1500 to 1800, indicating a large institutional interest (Source: Glassnode, March 7, 2025, 10:00 am EST).