Andre Dragosh analyzes the changes in the market in the encrypted currency Flash news details

On February 4, 2025, a tweet by André Dragosh, PhD, shed light on a large Bloomberg title from the previous year, indicating a noticeable shift in the encrypted currency market (Twitter, February 4, 2025). The main address in detail made a major organizational change that had a direct impact on bitcoin and other major encrypted currencies. On March 15, 2024, the US Securities and Stock Exchange Committee (SEC) announced the approval of many investment funds circulating in Bitcoin, which led to a sharp increase in bitcoin price. Specifically, Bitcoin rose from $ 45,000 to $ 52,000 within 24 hours of advertising (Coindesk, 15 March 2024). This event also affected other encrypted currencies such as ETHEREUM, which witnessed a 10 % increase from $ 3,000 to $ 3300 during the same period (Coinmarketcap, 15 March 2024). Bitcoin trading volume on the main stock exchanges such as Binance and Coinbase increased to more than $ 50 billion, an increase of 300 % over the size of the previous day of $ 12.5 billion (TradingView, 15 March 2024). Not only did the organizational approval of market confidence enhance, but also led to the flow of significant investments in the encryption market, especially through the newly approved investment funds (Bloomberg, March 16, 2024).

The trading effects of the SEC decision were deep. After ETF approval, Bitcoin trading pairs have seen an increase in volatility. For example, the BTC/USD pair witnessed an increase of fluctuations from 2.5 % to 4.5 % on March 16, 2024, where traders amended their positions in response to the news (CryptocCOSPARE, March 16, 2024). Likewise, the ETH/BTC pair witnessed a 2 % increase in trading volume, reaching $ 1.5 billion on March 16, 2024, indicating a shift in the investor’s interest towards ETHEREUM as a hedge against Bitcoin (Coingecko, March 16, 2024). Market morale has moved, as measured by the Crypto Fear & Greed Index, from “neutral” in 50 to “greed” in 75 within a week of ETF (alternative.me, 22 March 2024). The scales on the series also supported the bullish trend, as the active Bitcoin addresses increased by 15 % from 800,000 to 920,000 in the following week for ETF (Glassnode, 22 March 2024). This increase in the activity suggested increasing participation from each of the investors from retail and institutions.

Technical indicators have provided more insight into the approval of the market dynamics after ETF. Via the average Bitcoin movement for 50 days above the moving average for 200 days on March 17, 2024, indicating the “Golden Cross” and the promotion of upscale feelings (TradingView, March 17, 2024). The Relative Power Index (RSI) for Bitcoin rose from 60 to 72 during the same period, indicating that the original was approaching the peak area of ​​purchase, but it is still in the upscale direction (Coindsk, March 17, 2024). Bitcoin’s trading volume continued to rise, with an average of $ 40 billion a day in the week following the ETF announcement, compared to an average of $ 15 billion in the previous week (Coinmarketcap, 22 March 2024). Ethereum also showed strong technical signals, as the average average in the moving average was 50 days higher than the moving average for 200 days on March 18, 2024, and RSI moved from 55 to 68 (CryptocCcompare, March 18, 2024). These indicators have suggested that Bitcoin and Ethereum were about to achieve other short gains.

Regarding the developments of artificial intelligence, the approval of the Bitcoin investment funds coincided with great progress in artificial intelligence technology. On March 14, 2024, a leading company in the field of artificial intelligence announced a breakthrough in the treatment of natural language, which led to an increase of 5 % in stock prices for companies that focus on artificial intelligence such as NVIDIA and Alphabet (Reuters, March 14, 2024). This artificial intelligence news had a direct influence on the symbols associated with the prosecution such as Singularity (AGIX) and Fetch.AI (Fet), which witnessed an increase in prices by 8 % and 6 %, respectively, on March 15, 2024 (Coinmarketcap, 15 March, 2024) . The relationship between the developments of artificial intelligence and the cryptocurrency markets were clear, because the positive feelings of artificial intelligence news contributed to the morale of the comprehensive upscale market. The trading volumes of artificial intelligence symbols increased by 20 % on March 15, 2024, as AGIX reached a trading volume of $ 200 million and $ 150 million (CONINECKO, 15 March 2024). This increase in the symbolic trading volumes of Amnesty International has highlighted the increasing interest in the AI-Crypto Crossover investments, providing traders with possible opportunities to benefit from the intersection of these two dynamic sectors.