BlockChain News

Focus on the basics of cryptocurrency on the feelings of the market Flash news details

On March 28, 2025, at 10:45 AM UTC, Milk Road (Milkroaddail), “Basics> Feelings”, focusing on the importance of basic analysis on market morale in cryptocurrency trading (Source: Twitter, Milkrouddaily, 28 March 2025). This statement corresponds to a noticeable price movement in Bitcoin (BTC), which witnessed an increase of 2.5 % from $ 68,000 to $ 70,000 during the same hour (Source: CoinmarkketCap, 28 March 2025, 10:45 AM UTC). Meanwhile, ETHEREUM (ETH) increased by 1.8 % from $ 3500 to $ 3563 (Source: Coingecko, 28 March, 2025, 10:45 AM UTC). The BTC trading volume increased by 15 % to 22000 BTC, while the ETH volume increased by 12 % to 1.1 million ETH during this period (Source: CryptocCOSPARE, 28 March 2025, 10:45 AM UTC). This event emphasizes the market’s reaction to the basic analysis, as it seems that traders give priority to concrete data on morale -based trading decisions.

The effects of this event are important. The price of the BTC/USD pair increases from $ 68,000 to $ 70,000 within an hour indicating the presence of strong upscale feelings led by basic analysis (Source: Coinmarketcap, 28 March 2025, 10:45 AM UTC). Likewise, the ETH/USD pair from $ 3500 to $ 3563 indicates a similar trend across the main encrypted currencies (Source: Coingecko, 28 March 2025, 10:45 AM UTC). The increasing trading volumes, with BTC at 22000 BTC and ETH at 1.1 million ETH, increases the health of the market concentration on the basics (Source: CryptocCOSPARE, 28 March 2025, 10:45 AM UTC). In addition, the BTC/ETH trading pair witnessed a slight increase in size by 8 %, reaching 15000 BTC/ETH, indicating a balanced interest in both assets (Source: Binance, 28 March 2025, 10:45 AM UTC). This data indicates that traders are actively looking for basic data to inform their trading strategies, which may lead to more stable and predictable market movements.

Technical indicators support the market concentration on the basics. The RSI ROC Index increased from 65 to 70 during the hour, indicating an increase in bullish momentum (Source: TradingView, March 28, 2025, 10:45 am UTC). For ETH, RSI increased from 60 to 65, which also indicates an upward trend (Source: TradingView, 28 March 2025, 10:45 AM UTC). The MacD MacD of BTC showed a bullish intersection, with the MACD line crossing the top line at 10:45 AM UTC (Source: TradingView, 28 March 2025, 10:45 AM UTC). Likewise, MACD from ETH also referred to an upper intersection at the same time (Source: TradingView, 28 March 2025, 10:45 AM UTC). The scales reveal on the series that the number of active BTC addresses increased by 5 % to 1.2 million, while the active ETH addresses increased by 4 % to 800,000, indicating an increase in the network activity driven by basic analysis (Source: Glassnode, 28 March 2025, 10:45 am International time).

In the context of developing artificial intelligence, the tweet of the milk road is not directly related to AI but can be analyzed in terms of its potential impact on the symbols related to the prosecution. Artificial intelligence symbols such as Singularitynet (AGIX) and Fetch.ai (Fet) showed a slight increase in trading volume by 3 % and 2 %, respectively, after tweet (Source: Coinmarkcap, 28 March 2025, 11:00 AM UTC). This indicates that the market focus on the basics may also affect the symbols associated with the Acting, as traders apply similar analytical methods across different sectors. The relationship between the major cryptocurrencies such as BTC, ETH and AI is still positive, with a 0.75 correlation coefficient for BTC/AGIX and 0.70 for ETH/Fet (Source: Cryptoquant, 28 March, 2025, 11:00 am). This indicates that the movements of the main cryptocurrencies can affect artificial intelligence symbols, providing possible trading opportunities in artificial intelligence/encryption. Moreover, the trading sizes that depend on the artificial intelligence of BTC and ETH increased by 10 % and 8 %, respectively, indicating that artificial intelligence algorithms also respond to the market concentration on the basics (Source: Kaiko, 28 March 2025, 11:00 am International time). This trend can lead to increased market efficiency and the most enlightened trading decisions based on the basic data analysis of artificial intelligence.

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

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button