The BTC price has been determined for the worst Q1 since 2020 with Trump approaching 100 days

Written by James Van Stin (all times and others unless otherwise mentioned)

With a little more than a week until the end of March, the first quarter was disappointing, especially with regard to price actions instead of narrating the encryption industry.

Bitcoin (BTC) decreased by 10 %, and its worst performance in the first quarter since 2020, ETHER (ETH) has been weaker than the first quarter since its establishment. To date, bitcoin was relatively fixed in March.

The markets remain in the last stages of the first 100 days of President Donald Trump in his post, a historical historical period with certainty and volatility. This is expected to continue at least until the end of April.

As a quarter is approaching, negative liquidity and positioning can lead to increased fluctuations and prices, according to what he said London Chefir ClubFounders of the commercial newsletter.

Despite the short -term weakness, the husband maintains a thunderbolt look at the second quarter. A little tone than Federal Reserve At its meeting in March – even without discounts in actual prices – along with the weakness of the US dollar, and the increase in financial spending in the European Union and the US economy that slows down, but does not collapse, all factors say they will support three strong months.

Bitcoin started selling on Thursday after Trump Lack of concrete update On the strategic bitcoin reserves or tax -exempt capital policy.

“Market participants were hoping to obtain a framework for tax -exempt capital or the National Bitcoin accumulation plan.” “Instead, Trump repeated his general support for the encryption industry, while highlighting the role of Stablecoins in maintaining the dominance of the US dollar in global trade. While lacking immediate political obligations is a short -term declining sign.”

BRN sees digital assets struggling to maintain escape, while continuing accumulation at low levels, especially for Altcoins.

“Despite the short -term weakness, we recommend that we remain intense, as the market can quickly interact with the following positive development. Support levels are not far from the current prices,” BN told Coindesk in an email. Stay on alert!

What do you see?

• Checks:
• Macro
  • March 23, 8:30 pm: S & P Global Redies (Flash) Japan March Price PRICE (PPI).
    • Previous PPI compound. 52
    • PPI Prev manufacturing. 49
    • PPI Prev services. 53.7
  • March 24, 9:45 AM: The US Product Price Index Data (Flash) S & P (Flash).
    • Previous PPI compound. 51.6
    • PPI Prev manufacturing. 52.7
    • PPI Prev services. 51
• Profits (Estimates based on FactSet data)
  • March 27: Kulr Technology Group (Coller), Post -market, -0.02 dollars
  • March 28: Galaxy Digital Holdings (GlxyBefore the market, C 0.38 dollars

Symbolic events

• Voices of governance and calls
  • AAVE DAO discusses AAVE umbrella activation, A system aims to replace the AAVE safety unit. Users will enable AAVE Atokens to cover potentially spoiled debt and earn bonuses for that.
  • Sky Dao votes on The executive proposal that will include a number of major initiativesIncluding multiple price changes, the update of the “Hop” parameter for the Smart Burn engine, allocating $ 55,000 to pay the error bonus, and transfer $ 3 million to finance the integration and operation of the Spark agent talisman, among other things.
  • Dao compound is discussed Implementation of companies companiesThe reckless mechanism aims to enhance governance and participation from holders of companies. This will allow owners of the distinguished symbol to participate and delegate their voices to earn a share of protocol revenue.
  • March 21, 11:30 AM: Flare to host Ann X Spaces Setate Flare 2.0.
  • March 25, 1 AM: Crypto.com to Hold a session. Ask me anything (Ama) With the co -founder and CEO Chris Marzalek.
• to open
  • March 23: Metars Genesis (MRS) to open 11.87 % of its trading supplies of $ 307.8 million.
  • March 31: Optimism (OP) to open 1.93 % of its trading supplies of $ 26.81 million.
  • April 1: SUI (sui) to open 2.03 % of its trading supplies of $ 147.01 million.
  • April 3: Worm (W) to open 47.64 % of its circulating supplies of $ 114.79 million.
  • April 7: KASPA (KAS) to open 0.59 % of its trading supplies of $ 11.81 million.
• Distinguished symbol lists
  • March 21: Pancakewap (cake) to be included on Hashkey.
  • March 21: Orca (Orca) to be included on Upbit.
  • March 31: Binance to to cross out Usdt, FDUSD, Tusd, USDP, Dai, AEUR, UST, USTC, and Paxg.

Conferences

Distinguished symbol speech

Written by Shuria Malwa

• The POMP.fun version provided its POMPSWAP service on Thursday, allowing the trading of symbols made on the platform on the new service instead of the decentralized Raydium Exchange (Dex), as it was previously included.
• POMP presented a new fee structure, replacing the deportation fee 6 Sol with 0.25 % trading fees.
• It also has plans for the revenue sharing model that motivates creators to focus on the growth of the long -term symbol by earning revenues on every trade, and moving away from the dynamic dynamics.
• PEMP.fun measures show a decrease in launch and graduation processes from the distinctive symbol, as 29,000 coins were launched on March 8 but only 264 graduation and success rates – or the symbols listed in DeX – immersed less than 1 %.

Locate the location of the derivatives

• The open interest in the future Bitcoin decreased to 628,000 BTC from the highest weekly level of about 650,000 BTC, along with marginal positive financing rates. The group indicates that the 24 -hour decrease in BTC is largely characterized by separating the phase instead of new short pants.
• Meanwhile, the open interest in the futures of ETH is still high at record levels of more than 10 million ETH in the traders brand continuing to reduce the decline market.
• XRM, BNB, TRX is the most prominent in the Altcoin market, which features a positive cumulative delta index during the past 24 hours. It is a sign of pure purchase in these markets.
• The short and close BTC options have turned, indicating the renewal of its position at the end of May. The ether places more stable than BTC.

Market movements:

• BTC decreased by 0.73 % from 4 pm East time on Thursday at 83,935.26 dollars (24 hours: -1.43 %)
• Eth fell 1.19 % at $ 1,960.00 (24 hours: -1.18 %)
• Coindesk 20 decreased by 1.29 % to 2648.64 (24 hours: -2.08 %)
• ETHER CESR 5 -bit per second increased by 3.06 %
• BTC financing is 0.0108 % (3.95 % annual) on Binance

• DXY is 0.16 % in 104.02
• Gold decreased by 0.12 % at 3,033.22 dollars/ounces
• Silver decreased 1.08 % at $ 33.11/ounces
• Nikkei 225 closed on Thursday -0.25 % in 37,677.06
• Hang Seng closed on Thursday -2.19 % at 23,689.72
• FTSE fell 0.49 % in 8,659.67
• EURO Stoxx 50 decreased by 0.76 % at 5,410.04
• DJIA was closed on Thursday without change at 41,953.32
• S & P 500 closed -0.22 % in 5,662.89
• Nasdak closed -0.33 % in 17,691.63
• Closed S&P/TSX complex unchanged at 25,060.24
• S & P 40 America America closed -0.96 % in 2,471.90
• The ministry of the Ministry of Treasury in the United States decreased for 10 years by 2 points per second at 4.23 %
• E-MINI S & P 500 Future decreased 0.21 % to 5,700.50
• E-MINI NASDAQ-100 futures decreased by 0.25 % at 19,828.75
• The E-MINI Dow Jones Industry Indust Futures Futures fell 0.19 at 42,204.00

Bitcoin Statistics:

• BTC dominance: 61.52 (0.16 %)
• ETHEREUM ratio to Bitcoin: 0.02348 (-0.38 %)
• Hashrate (Seven Day Average): 808 EH/S
• Hashprice (spot): $ 48.01
• Total fees: 5.47 BTC / 465,938 dollars
• Cme Futures Open benefit: 150,645 BTC
• BTC at gold price: 27.4 ounces
• BTC market roof against Gold: 7.79 %

Technical analysis

• XRP/ETH daily chart explains that the MacD chart, a momentum, recently produced a lower decrease, calmly diverged from the continued rise in the ratio.
• The difference indicates that XRP may be less than ether in the coming days.

Encryption

• Strategy (MSTR): closed on Thursday at $ 302.07 (-0.71 %), a decrease of 0.83 % to $ 299.55 on the market before the market
• Coinbase Global (COIN): Closed at $ 190.38 (+0.33 %), a decrease of 0.76 % to $ 188.93
• Galaxy Digital Holdings (GLXY): Closed at 18.15 Canadian dollars (+2.54 %)
• Mara Holdings (MARA): Closed at $ 12.50 (-0.24 %), a decrease of 0.56 % to $ 12.43
• Riot platforms (RIOT): closed at $ 7.76 (-0.26 %), a decrease of 0.13 % to $ 7.75
• Core Scientific (Corz): Closed at $ 8.59 (-1.04 %), a decrease of 0.93 % to 8.51 dollars
• Cleanspark (CLSK): Closed at $ 7.75 (-3.25 %), a decrease of 0.77 % at $ 7.69
• Coinshares Valkyrie Bitcoin Miners Etf (WGMI): Closed at $ 14.98 (-1.45 %)
• Semler Scientific (SMLR): Closed at $ 38.82 (-3.05 %)
• Exit (exit): closed at $ 48.51 (+19.04 %), a decrease of 0.74 % to 48.15 dollars

Etf flows

BTC Etfs Stain:

• Daily net flow: 165.7 million dollars
• Cutting net flow: 36.05 billion dollars
• Total BTC Holdings ~ 1120 million.

ETH ETFS spot

• Daily net flow: -12.5 million dollars
• Cutting net flow: $ 2.45 billion
• Total Eth Holdings ~ 3.452 million.

source: Farside investors

It flows overnight

Today’s scheme

• The number of active or open situations in the strike of the strike of $ 100,000 has decreased, while the open interest in the low strike calls increased between 85,000 dollars and 90,000 dollars, along with renewed interest in the protection mode at lower levels.
• Data shows careful market morale.

While you sleep

• The Lazarus group associated with North Korea maintains more bitcoin from Tesla’s Elon Musk (Coinsk): The group behind the theft of $ 1.4 billion at a value of 13,441 Bitcoin was more than 16 % of Tesla, according to Arkham Intelligence.
• Polymarket accurately 90 % in predicting global events: search (CoINDESK): Polymarkut predictions reach a resolution of up to 94 % when extreme possibilities are excluded, although users often blow up possibilities due to bias, herd behavior, liquidity decreased and risk search trends.
• Australia suggests a new encryption structure, plans to integrate digital assets into the economy (CoINDESK): The government intends to support the distinctive symbol, asset integration in the real world, and the Central Bank’s digital currencies to help update its financial system, according to the white paper cabinet.
• The dollar stagnation is eager to the stock market pain for foreign investors (Vinaculal Times times): The S&P 500 decreased by 4 % this year has been translated into losses of more than 8 % for investors in the eurozone with the US currency weakening concerns about American economic growth.
• Japan’s families reduce money at a standard pace, such as inflation (Bloomberg): Cash property fell to 105.3 trillion yen ($ 707 billion) in the last quarter of 2024, which represents a 3.4 % decrease on an annual basis-a sharp decline since 1998.
• Oil was appointed to achieve a weekly successive gain on Iran’s sanctions, OPEC+ discounts (Reuters): Brent and Wti Futures is scheduled to be the largest weekly height since January, driven by new US sanctions on Iranian oil and its plans by seven sources to reduce the width until mid -2016.

In the ether