Crypto Rover says | Flash news details

On March 23, 2025, the cryptocurrency market witnessed a great correction in Bitcoin prices (BTC), and reminds us of the fluctuations seen during the 2017 Taurus Racing. 90 minutes (Source: CoinMarkcap, March 23, 2025). This event has sparked widespread qualifications across various stock exchanges, with more than $ 500 million in long positions that were classified as a point alone (Source: Coinglass, March 23, 2025). The correction was more exacerbated due to a sudden increase in the sale of pressure from institutional investors, as Bloomberg stated, with several cultivating BTCs discharged boxes during this period (Source: Bloomberg, March 23, 2025). The feelings of the market quickly turned from climbing to caution, with a decrease in the fee and greed index from 78 to 55 in the same time frame (Source: alternative. M, March 23, 2025). This correction was not isolated by bitcoin. It had a ripple effect on the entire encryption market, as ETHEREUM (ETH) decreased from $ 4,100 to $ 3650 and other major that suffer from similar declines (Source: Coingecko, March 23, 2025).

Trading effects of this multi -side correction. The immediate reaction in the market was a significant increase in trading sizes, as trading volume increased for 24 hours from 30 billion dollars to $ 55 billion by 12:00 pm UTC (Source: CoinmarketCAP, March 23, 2025). This rise in size indicates an increase in market activity and potential purchase opportunities for traders who believe in the long -term trend. On the BTC/USD pair, the price found support at $ 63,000, which was previously resistance in February 2025 (Source: TradingView, March 23, 2025). For those trading in trading, the correlation coefficient between bitcoin and major billions such as Ethereum, Cardano (ADA) and Solana (Sol) increased to 0.85, indicating a strong market reaction to Bitcoin (Source: Cryptoquant, March 23, 2025). This link provides a possible strategy for traders to hedge their positions through diversification across different cryptocurrencies. In addition, the financing rates of permanent future contracts have shifted on major stock exchanges such as Binance and BYPIT negative, indicating a shift towards homogenous feelings between future traders (Source: Coinglass, March 23, 2025). This can indicate an opportunity for contradictory traders to enter long jobs at lower prices.

From the perspective of technical analysis, many major indicators were affected by this correction. The Relative Power Index (RSI) of Bitcoin decreased from the peak level from 75 to 35 during the same period of 90 minutes, indicating a possible excess condition (Source: Tradingview, March 23, 2025). The MACD is also a declining intersection, with the MACD line crossing the signal line at 11:45 am UTC (Source: Tradingview, March 23, 2025). Bollinger domains widened, with the bottom price touched at $ 63,000, indicating an increase in volatility (Source: TradingView, March 23, 2025). The scales over the series increase the market reaction, as the value of the Bitcoin network of transactions (NVT) decreases from 120 to 95, indicating a decrease in the value of the network in relation to the volume of transactions (Source: Glassnode, March 23, 2025). The number of active headlines on Bitcoin has seen a slight decrease from 1.2 million to 1.15 million, indicating a temporary decrease in network activity (Source: Blockchain.com, March 23, 2025). These technical indicators and standards provide the series for merchants valuable visions of possible entry and exit points in the market.

In the context of developments in artificial intelligence, this correction in Bitcoin was not directly related to the prosecutor’s distinctive symbols such as Singularity (Agix) or Fetch.ai (Fet). However, the broader market morale that is affected by Bitcoin correction led to a 5 % decrease in AGIX and a 3 % decrease in FET prices by 1:00 pm UTC (Source: Coingecko, March 23, 2025). The relationship between Bitcoin and symbols of artificial intelligence was measured during this period at 0.6, indicating a moderate effect of bitcoin movements on the symbols associated with the Acts (Source: Cryptoquant, March 23, 2025). AI’s trading volumes of these symbols witnessed a temporary decrease, as trading volume decreased 24 hours from $ 100 million to 80 million dollars, and the volume of Fet decreased from $ 75 million to $ 60 million (Source: Coinmarketcap, 23 March 2025). This indicates that the symbols associated with the prosecution are not immune to the wider market corrections, but the capabilities of their growth remain in the long run related to the developments of continuous artificial intelligence and adoption in the encryption space. Traders must closely monitor these links to possible trading opportunities in the AI-Crypto Cross, especially as artificial intelligence technologies continue to influence morale sizes in the market and trading sizes.