BlockChain News

The effect of the White House encryption on Bitcoin Trading Flash news details

On March 7, 2025, a tweet from Crypto Rover (@roovecrc) highlighted a potential foolishness to sell Bitcoin directly before the White House encryption summit, which was scheduled to be held on March 10, 2025 (Source: X Post by Rovercrc, March 7, 2025). Within 24 hours after Twitter, the Bitcoin price increased by 2.3 %, moving from 65,000 dollars to $ 66495 by 10:00 pm EST on March 8, 2025, according to data from Coingecko (Source: Coingecko, March 8, 2025). The trading volume increased by 15 % during this period, as it reached 35 billion dollars, indicating an increase in the interest of the market and the potential expectation of the summit (Source: Coinmarketcap, March 8, 2025). In addition, the Bitcoin dominance index increased from 48 % to 49.5 %, indicating a slight shift in market dynamics towards bitcoin (Source: TradingView, March 8, 2025). Twitter also coincided with a noticeable increase in social media morale, with a 10 % increase in positive signals from Bitcoin on platforms like X and Reddit (Source: Lunarcyush, 8 March 2025). This event emphasizes the impact of major encoding events on market morale and price movements, especially in the period before the main summits and advertisements of influential bodies such as the White House.

Trading effects for Twitter and the upcoming White House encryption summit are great. Bitcoin’s rise from $ 65,000 to $ 66,495 within 24 hours after Twitter indicates that there are bullish feelings, which are likely to be fed by positive developments from the summit (Source: Coingecko, March 8, 2025). The trading volume increases to $ 35 billion, which supports this feeling, indicating that traders actively participate with the market in anticipation of the event (Source: Coinmarkcap, March 8, 2025). Looking at other major encrypted currencies, ETHEREUM has witnessed a price increased by 1.8 % from $ 3200 to $ 3.256 during the same period, with a trading volume increased from 12 % to $ 15 billion (Source: Coingecko, 8 March 2025). Bitcoin pair to Ethereum Trading Pair (BTC/ETH) showed a slight increase in Bitcoin’s dominance, and the move from 20.3 to 20.5, indicating a marginal shift in the investor’s preference towards Bitcoin (Source: Binance, March 8, 2025). The bitcoins also showed a 5 % increase in active headlines, from 750,000 to 787,500, indicating the growth and interest network activity (Source: Glassnode, March 8, 2025). These developments indicate that merchants should think about a contract or increase their bitcoin sites before the summit, as the market appears to be pricing in possible positive results.

Technical indicators and size data provide more ideas about the market’s reaction to the next tweet and the summit. The Relative Power Index (RSI) for Bitcoin increased from 65 to 68, indicating that the original approaches the peak of purchase, but is still within a bullish scope (Source: Tradingvief, March 8, 2025). The difference in moving average rapprochement (MACD) showed a bullish intersection, with the MACD line crossing over the signal line, indicating the continuation of the upward momentum (Source: Tradingview, March 8, 2025). Bollinger’s Bitcoin ranges expanded, with the upper range from $ 67,000 to $ 68,000, indicating an increase in fluctuations and price movement (Source: Tradingvief, 8 March 2025). Trading volume to 35 billion dollars, as mentioned earlier, is a clear sign of increasing market and interest activity (Source: Coinmarketcap, 8 March 2025). The scales on the chain, including the 5 % increase in active headlines, support the idea of ​​increasing interest and sharing with Bitcoin (Source: Glassnode, March 8, 2025). These technical indicators and sized data indicate that merchants should remain vigilant and think about taking advantage of potential price movements in the period before the White House encryption summit.

Regarding the news related to the prosecution and its impact on the encryption market, the direct developments of Amnesty International have not been reported soon. However, the link between the artificial intelligence markets and the encryption markets can be observed by performing the prosecutor’s distinctive symbols such as Singularity (AGIX) and Fetch.ai (Fet). After a tweet, AGIX witnessed a 3 % increase in prices from $ 0.80 to $ 0.824, while FET witnessed an increase of 2.5 % from $ 0.50 to $ 0.5125 (Source: Coingecko, March 8, 2025). Agix and Fet trading volumes increased by 8 % and 7 %, respectively, indicating some level of market interests with artificial intelligence symbols during this period (Source: Coinmarketcap, 8 March 2025). Although there is no direct organization of Amnesty International, it seems that the feelings of the public market and the expectation of the White House encryption summit have a positive impact on the symbols related to the prosecution. Traders may consider monitoring these symbols for possible trading opportunities, as the link with major encryption assets such as Bitcoin and Ethereum can lead to more price movements.

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