Market Update

Michaël Van De Poppe recommends that the encryption market correction strategies Flash news details

On February 28, 2025, Michaël Van De Poppe, a well -known cryptocurrency analyst, tweeted about correcting the continuous market that affects Bitcoin and Altcoins, saying that the bull cycle remains far from the end of (Source: Twitter Cryptomichnl, 28 February 2025). Specifically, Bitcoin has seen a decrease in prices from $ 65,000 to $ 60,000 during the past 24 hours, with a decrease between 10:00 am UTO on February 27 and 10:00 am UTO on February 28 (Source: Coinmarkcap, February 28, 2025). During the same period, ETHEREUM witnessed a decrease from $ 3500 to $ 3,200, and many Altcoins such as Cardano and Solana faced significant price cuts, with Cardano drop from $ 1.50 to $ 1.30 and Solana from $ 120 to $ 105 (Source: Coingecko, February 28, 2025). The total market value of encrypted currencies decreased by 5 % to $ 2.3 trillion (Source: Coinmarketcap, February 28, 2025). Trading volumes also saw an increase, as trading volume increased over a period of 24 billion dollars to $ 40 billion (Source: Coinmarketca, 28 February 2025). This market correction is characterized by increased fluctuations, with Bitcoin volatile index reaching 80, indicating high uncertainty in the market (Source: Cryptovilatileityx, February 28, 2025). In addition, the fear and greed index decreased to 35, indicating a prevailing feeling in the market of fear (Source: Alternative.me, February 28, 2025). The scales on the series show an increase in the number of active bitcoin addresses from 800,000 to 900,000 during the past 24 hours, indicating an increase in the network activity (Source: Glassnode, February 28, 2025). The MVRV ratio of Bitcoin 2.5, indicates that the market may be exaggerated compared to a achieved value (Source: Glassnode, February 28, 2025). The value of the network value to transactions (NVT) has increased to 90, indicating an increase in the potential value based on the volume of transaction (Source: Glassnode, February 28, 2025). For Altcoins, the NVT ratio of Ethereum 75, which indicates a similar direction (Source: Glassnode, February 28, 2025). The age of Rsi is for Bitcoin 30, indicating that the original may be exaggerated, while the ETHEREUM is 35 years old, indicating a similar position (Source: TradingView, February 28, 2025). MACD appears for Bitcoin a landmark, where the MACD line moves below the signal line, confirming the declining direction (Source: TradingView, February 28, 2025). For Ethereum, MACD also refers to a declining direction (Source: TradingView, February 28, 2025). Bollinger’s Bitcoin ranges expanded, indicating increased fluctuations, with a lower price touching, indicating potential purchase opportunities (Source: Tradingvief, February 28, 2025). For Ethereum, Bollenger ranges show a similar pattern (Source: TradingView, February 28, 2025). The moving average for 50 days for bitcoin is $ 63,000, and the moving average for $ 55,000, with the price less than an average of 50 days but higher than average 200 days, indicates a short -term trend but a long -term long -term trend (Source: Tradingview, February 28, 2025). The ETHEREUM moving average for $ 50 days is 3400 dollars, the moving average for $ 200,000, and shows a similar pattern (Source: TradingView, February 28, 2025). Bitcoin trading volume against the US dollar (BTC/USD) increased by 33 % to $ 40 billion, while Bitcoin trading against Tether (BTC/USDT) increased by 25 % to $ 35 billion (Source: Coinmarkcap, February 28, 2025). The trading volume of ETHEREUM against the US dollar (ETH/USD) increased by 20 % to $ 15 billion, and against Tether (ETH/USDT), increased by 18 % to $ 14 billion (Source: Coinmarketcap, 28 February 2025). For Altcoins, the Cardano trading volume against the US dollar (ADA/USD) increased by 40 % to two billion dollars, and against Tether (ADA/USDT), increased by 35 % to $ 1.8 billion (Source: Coinmarkcap, February 28, 2025). The trading volume in Solana against the US dollar (SOL/USD) increased by 30 % to $ 3 billion, and against Tether (SOL/USDT), increased by 28 % to $ 2.8 billion (Source: Coinmarkketcap, February 28, 2025). The relationship between Bitcoin and S&P 500 remains strong at 0.7, indicating that movements in traditional markets still affect cryptocurrency markets (Source: Coinmetrics, February 28, 2025). The link between Bitcoin and Ethereum is 0.85, which indicates a high degree of joint movement between the largest cryptocurrency (Source: Coinmetrics, February 28, 2025). The link between Bitcoin and AI’s symbols such as Singularity (AGIX) and Fetch.ai (Fet) 0.6, indicating a moderate relationship between developments in artificial intelligence and cryptocurrency market movements (Source: Coinmetrics, February 28, 2025). The recent artificial intelligence developments, such as announcing a new commercial algorithm moved by AI by a major financial institution, have increased interest in the distinctive symbols associated with the Acting, as AGIX witnessed a 10 % increase in prices to $ 0.50 and the fetus increased by 12 % to $ 0.75 during the past 24 hours (Source: Coingecko, February 28, 2025). Agix trading volume against the US dollar (AGIX/USD) increased by 50 % to $ 100 million, and against Tether (AGIX/USDT), increased by 45 % to $ 90 million (Source: Coinmarkcap, February 28, 2025). The Fet trading volume against the US dollar (Fet/USD) increased by 60 % to $ 120 million, and against Tether (Fet/USDT), increased by 55 % to $ 110 million (Source: CoinMarketcap, 28 February 2025). AI’s trading changes have affected the total market morale, as the fear and greed index showed a slight height to 37, indicating a marginal improvement in the market morale due to the developments related to the Acting (Source: Alternative.me, February 28, 2025). The relationship between the developments of artificial intelligence and the Crypto Market address is still strong, as artificial intelligence news often increases trading activity and price movements in the symbols associated with Acting (Source: Coinmetrics, February 28, 2025).

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