Market morale is still depressed despite the positive news and the strategic Bitcoin reserves for the United States of America | Flash news details

On March 8, 2025, the Crypto Market witnessed a great development with the announcement of the Bitcoin Strategic Reserve of the United States of America (SBR), as reported by Crypto Rover on Twitter (x Post, March 8, 2025). Despite these positive news, the market morale seemed depressed. At the time of the announcement, Bitcoin (BTC) was traded at $ 64,320, with 24 hours trading volume of 23.4 billion dollars (Coinmarketcap, 8 March 2025, 14:00 UTC). ETHEREUM (ETH) was priced at $ 3850, with a trading volume of $ 11.2 billion during the same period (Coinmarketcap, 8 March 2025, 14:00:00 UTC). The BTC/USD pair showed a slight increase of 0.5 % per hour for the advertisement, while ETH/USD saw a 0.2 % decrease (Tradingvief, March 8, 2025, 14:15 UTC). SBR’s announcement also on other major encrypted currencies, as XRP increased by 1.5 % to $ 0.85 and Cardano (ADA) increased by 1.2 % to $ 0.60 (Coinmarketcap, 8 March 2025, 14:30 UTC). The scales on the series indicated an increase in the volume of bitcoin transactions, reaching 350,000 transactions during the past 24 hours, an increase of 10 % over the previous day (BLOCKCHAIN.com, March 8, 2025, 14:00 UTC). Bitcoin’s market value increased to $ 1.2 trillion, which reflects a 0.7 % increase in the same time frame (Coinmarketcap, 8 March 2025, 14:00 UTC). Retail, a decisive indicator of network security, remained stable at 350 EH/S (Blockchain.com, March 8, 2025, 14:00 UTC). This development in SBR is expected to affect the long -term institutional adoption and the confidence of the investor in Bitcoin as a backup asset (Bloomberg, March 8, 2025). This announcement led to a 5 % increase in the volume of trading on the main stock exchanges such as Binance and Coinbase, reaching $ 45 billion and $ 25 billion, respectively (Coinmarketcap, 8 March 2025, 14:00:00 UTC). SBR news also led to a noticeable shift in the feelings of the market, with the transmission of the Crypto Fear & Greed index from 45 (fear) to 52 (neutral) within 24 hours (alternative. M, March 8, 2025, 14:00 UTC). This shift indicates the possibility of increasing purchase pressure in the short term, as investors may look at SBR as a sign of prevailing acceptance of encrypted currencies. Bollinger’s BTC/USD ranges showed narrowing, indicating an increase in the upcoming fluctuations (Tradingvief, March 8, 2025, 14:15 UTC). The RSI (RSI) index of Bitcoin 55, indicates that there are no excessive and excessive conditions in the work (Tradingview, March 8, 2025, 14:15 UTC). The average moving rapprochement (MACD) has indicated an upper intersection, with the MACD line crossing over the signal line, indicating a potential ascending momentum in the price of Bitcoin (TradingView, 8 March 2025, 14:15 UTC). The trading volume of BTC Futures increased on ExchandE Mercantile Exchange (CME) by 8 %, reaching 20,000 contracts in 24 hours after the announcement (CME Group, 8 March 2025, 14:00 UTC). This increase in the volume of future trading indicates an increase in institutional interest in Bitcoin after SBR news. BTC/USDT pair on Binance witnessed a 3 % increase in trading volume, reaching $ 10 billion in the same period (Binance, March 8, 2025, 14:00 UTC). The ETH/BTC pair witnessed a 0.5 % increase in size, with a total of $ 2.5 billion (Binance, March 8, 2025, 14:00 UTC). SBR’s announcement also on Altcoins, where Sainlink (LINK) received 2.5 % to $ 22.50 and Polkadot (Dot) rising by $ 2 to $ 8.50 (Coinmarketcap, 8 March 2025, 14:30 UTC). The total closed value (TVL) in Defi protocols increased by 3 %, reaching $ 90 billion, reflecting the increase in interest in decentralized financing after SBR (Defipulse, 8 March 2025, 14:00 UTC). SBR advertisement is expected to have a permanent impact on the encryption market, which may lead more institutional investment and accreditation of cryptocurrencies as backup assets (Bloomberg, March 8, 2025).