Market Update

Altcoingordon highlights the opportunity of the discount in the encryption market Flash news details

On March 2, 2025, a noticeable event was highlighted by Altcoin Gordon on Twitter, indicating a personal purchase of Tesla vehicles, which caused interest in the relationship between the markets of Tesla and Cryptocurrency, especially Bitcoin (BTC) and Dogcoin (DOGE). A tweet was deployed at 10:35 am EST and soon gained traction inside the encryption community due to the well -known Eileon Musk effect on these assets (Twitter, Altcoingordon, March 2, 2025). At the time of tweet, BTC was trading at $ 65432, indicating an increase of 1.2 % during the previous 24 hours, while Duji witnessed an increase of 3.5 % to $ 0.087 (Coingecko, 2 March 2025, 10:35 am EST). The trading volume of BTC was $ 28.7 billion, and the size of Dog was 1.2 billion dollars during the same period (CoinMarkcap, 2 March 2025, 10:35 am EST). This event emphasizes the continuous impact of Elon Musk’s actions on the encryption markets, as its tweets often lead to immediate price reactions in relevant assets (February 2025 analysis report). The timing of the specified timing and size spaces indicates the direct market response of the Twitter, highlighting the need for traders to closely monitor such events for possible trading opportunities.

The effects of this event are important for both BTC and Doge. After a tweet, the BTC/USD trading pair witnessed an increase in the upscale feelings, where the RSI index (RSI) is transmitted from 62 to 68 within an hour, indicating an increase in the purchase pressure (Tradingvief, 2 March 2025, 10:35 am 11:35 am East US time). For Doge, the effect was more clear, as the DOGE/USD pair suffers from increasing trading volume from $ 1.2 billion to $ 1.5 billion in the same time frame, indicating a strong market reaction to the tweet (Binance, 2 March 2025, 10:35 am – 11:35 am). In addition, the DOGE/BTC trading pair showed an increase of 2.3 %, indicating that the market is looking at a positive sign for DOGE for BTC (Coinbase, 2 March 2025, 10:35 am – 11:35 am). Traders should think about introducing long jobs in Doug after such events, as historical data shows that Musk tweets often lead to a short -term price increase in Doge (Cryptoquant, February 2025). However, caution is recommended due to the fluctuations and possibility of rapid repercussions.

The technical analysis of the market reveals after the tweet of the main indicators that merchants must monitor. The BTC/USD pair has shown an attractive pattern in the graph for an hour, indicating the possibility of more upscale movement (TradingView, 2 March 2025, 10:35 am – 11:35 AM EST). BTC also showed a bullish intersection, which enhances positive momentum (Tradingvief, 2 March 2025, 10:35 am – 11:35 am EST). For DOGE, the graph for one hour offered the outbreak of the highest resistance level of $ 0.085, with RSI reaching 72, indicating conditions at the peak of purchase but also a strong purchase interest (TradingView, 2 March 2025, 10:35 am – 11:35 am US time). The trading volume of both assets has remained high, as BTC maintains a size of $ 29.5 billion and a wav at $ 1.6 billion by 12:00 pm EST (CoinMarketCAP, 2 March 2025, 12:00 pm EST). BTC chain on the active addresses of 850,000 to 920,000, indicating an increase in network activity (Glassnode, 2 March 2025, 10:35 am – 12:00 pm East US time). For Dog, the number of transactions per day increased from 1.2 million to 1.5 million during the same period (Cryptoquant, 2 March 2025, 10:35 am – 12:00 pm EST). These technical indicators and the merchant series provide concrete data points to adopt their commercial decisions, highlighting the importance of actual time analysis in the volatile encryption market.

Regarding AI’s news, the tweet did not directly include developments of artificial intelligence, but the broader context of Tesla in AI and independent driving technology can have indirect effects on the encryption market. TESLA initiatives of artificial intelligence, such as the development of full driving technology (FSD), have seen closely by investors and can affect market morale towards AI symbols such as Singularity (AGIX) and Fetch.AI (FET) (Tesla Investor Relaces, February 2025). On Twitter, AGIX was traded at $ 0.55, showing an increase of 0.8 %, while Fet reached $ 0.72, with a rise of 1.1 % (Coingecko, 2 March 2025, 10:35 AM EST). Agix trading volume reached 32 million dollars, and for FET, it was $ 45 million (Coinmarketcap, 2 March 2025, 10:35 am EST). The relationship between Tesla’s Ai and TourKens is not as direct as with DOGE, but merchants must monitor any ads from Tesla that can affect the cryptocurrency associated with the prosecution. The possibility of increasing interest in artificial intelligence technologies can push trading and prices in these symbols, providing opportunities for traders to take advantage of market morale transformations driven by developments of artificial intelligence.

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

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