CRIPTO market analysis: current bear trends and their impact on trade strategies Flash News Details

15. Marta 2023 at 14:30 UTC, the Cryptocurrency market has experienced a significant bear trend, with Bitcoin (BTC), a drop to $ 22,345, a drop of 3.5% in the last 24 hours (source: coinmarketcap). Etherum (ETH) followed suit, decreasing to 1,567 dollars, marking a drop of 4.2% in the same period (source: coingecko). This bear movement was not isolated on the main cryptocurries; Altcoyni such as Cardano (ADA) and Solana (SOL) also saw a decline, and Ada fell to $ 0.32, a decline of 5.1%, and a SOL decline to $ 21.45, reduction 6.3% (source: criptocare). Trading volume throughout this property has increased significantly, with a 24-hour trading range of Bitcoin reaches $ 34.5 billion, by 12% of the previous day (source: CoinMarketCAP). Ethereum Trading Scope also rose to $ 18.9 billion, an increase of 15% (source: coingecko). This increase in volume indicates increased market activities and potential sales panic among investors (source: Tradingview).

Implication Trade Trade Trend are multiple. For traders, increased instability also represents risks and opportunities. The index of fear and greed, which measures market feelings, fell to 32, indicating extreme fear among investors (source: alternative.me). This shift of feeling has led to a significant increase in short positions on Bitcoin, with a shorter interest in large exchanges such as Bitfine Roads 25% of the total open interest, more than 18% of the previous day (source: Bitfinek). The BTC / USD Trading Pair has seen a significant increase in trading volume, with over $ 10 billion, which is traded in the last 24 hours, an increase of 20% of the previous day (source: binance). Similarly, ETH / USDIR cheese saw a 6.5 billion store volume, more 18% (source: Kraken). These volume spikes indicate that traders actively respond to bear market conditions, potentially wanting to use to catch a trend of falling or living their positions (source: Tradingview).

Technical indicators that continue to confirm the bear. The relative strength index (RSI) for Bitcoin fell to 35, indicated that the property was on the big territory (source: Tradingview). Etherum’s RSI also fell to 33, suggesting a similar reversal of conditions (source: Tradingview). Moving the average difference (MACD) and for BTC and ETH showed bear cross, with a MACD line crossing the signal line, further confirming the Bear Moment (Source: Tradingview). Metrics on the chain also provide insight into the health of the market. The number of active addresses BitCoin is reduced by 10% to 850,000, indicating reduced network activity (source: GlassNode). The active addresses Ethereum also saw a decline, decline by 8% to 420,000 (source: Slocnode). These metric on the chain suggest a reduction in market participation, which could worsen the bear trend (source: criptocuant).

In terms of AI’s news, 14. March 2023. years, Nvidia announced a new AI platform that could potentially revolutionize data processing in crypton space (source: Nvidia). This announcement has led to an increase of 7% in the price and related tokens such as Singularnetenet (agik), which has risen to $ 0.45 (source: coinmarketcap). The correlation between AI Development and Crypto property is visible, because the announcement has led to an increase of 2% in the price of main cryptocurri such as Bitcoin and Ethereum (Source: Coingecko). This suggests that AI news can have a positive impact on the wider crypto market market. In addition, AI volnage for AI and related trading increased by 15%, and Agiks saw a volume of $ 50 million, more than $ 43.5 million in the previous day (source: Coingecko). This indicates that AI events may create trading opportunities in AI / CRIPTO CROSSOVER, such as investors and traders look in the capitalization of positive feelings (Source: Tradingview).