Analysis of the alleged bitcoin reserve meetings in China Flash news details

On March 24, 2025, rumors on Twitter appeared from the @robercrc account, stating that China is holding closed meetings to create a bitcoin strategic reserve. This news caused an immediate impact on the encrypted currency markets. At 10:00 AM UTC on March 24, the price of Bitcoin rose from $ 65,000 to $ 68,500 during the first hour after a tweet (Source: Coinmarketcap, 2025-03-24). Bitcoin trading volume on the main stock exchanges such as Binance and Coinbase witnessed a 20 % increase in the same period, reaching 35000 BTC (Source: TradingView, 2025-03-24). The reaction of other cryptocurrencies was also, with ETHEREUM increased by 8 % from $ 3200 to $ 3,456 by 11:00 AM UTC (Source: Coingecko, 2025-03-24), and smaller altcoins like Cardano and Solana suffers from 12 % and 15 % gains respectively (Source: CryptoCcompare, 2025-03). The scales on the chain showed a significant increase in active headlines on the Bitcoin network, increasing by 15 % from 800,000 to 920,000 per hour for Twitter (Source: Glassnode, 2025-03-24).

Trading effects of these deep rumors. Instant prices and increasing trading volume indicate a high level of market sensitivity to news about China’s potential participation in Bitcoin. BTC/USDT trading pair on Binance recorded a volume of 25,000 BTC by 11:30 am UTC, an increase of 30 % over the previous hour (Source: Binance, 2025-03-24). The BTC/ETH pair on UISWAP also witnessed an increase in the size of 18 %, with 5000 BTC trading by UDID (Source: UISWAP, 2025-03-24). Market morale indicators, such as fear and greed index, have turned from 60 to 75, indicating a move towards greed (Source: alway.me, 2025-03-24). This indicates that merchants are increasingly optimistic about the possibility of China in Bitcoin to pay more prices. The open interest in the future contracts of Bitcoin increased on the Chicago Commercial exchange (CME) by 10 % to 12,000 contracts by 12:00 pm UTC, reflecting the increasing institutional interest (Source: CME GROUP, 2025-03-24).

The technical analysis of the Bitcoin price scheme reveals a bullish trend after rumors. At 1:00 pm UTC, Bitcoin penetrated the resistance level at $ 68,000, which she was testing during the past week (Source: TradingView, 2025-03-24). The Relative Power Index (RSI) increased from 65 to 72, indicating excessive conditions in the peak but also strong purchase pressure (Source: Coinigy, 2025-03-24). The difference in the moving average rapprochement (MACD) showed a bullish intersection, with the MACD line crossing the top line at 1:30 pm UTC (Source: TradingView, 2025-03-24). Bitcoin trading volume on Bitfinex reached 4000 BTC by 2:00 pm UTC, an increase of 25 % over the previous hour (Source: Bitfinex, 2025-03-24). The scale in the series of Bitcoin retail, which indicates the surrender of miners, showed signs of stability, indicating that miners hold mineral currencies instead of selling (Source: Glassnode, 2025-03-24).

Regarding AI’s news, no direct developments of artificial intelligence have been mentioned in rumors. However, the relationship between the artificial intelligence markets and the encrypted currency can be analyzed by performing the symbols associated with the prosecution. For example, distinctive symbols such as Singularity (AGIX) and Fetch.ai (Fet) have seen 10 % and 12 % increases, respectively, by 3:00 pm UTC on March 24 (Source: Coingecko, 2025-03-24). This indicates that positive feelings about bitcoin have an indirect effect on artificial intelligence symbols. AGIX trading volume increased by 15 % to a million icons by 4:00 pm UTC (Source: Kucoin, 2025-03-24). The correlation coefficient has been calculated between Bitcoin and AGIX over the past 24 hours at 0.85, indicating a strong positive relationship (Source: Cryptoquant, 2025-03-24). This indicates that merchants view the symbols of artificial intelligence as part of the broader cryptocurrency market, and may see it as a hedge or supplementary investment of Bitcoin. Perhaps the trading algorithms driven by artificial intelligence have contributed to increasing their size, rapidly interacting with market news and controlling positions accordingly (Source: Kaiko, 2025-03-24).