Bitcoin (BTC) RSI Signals Point to Bearish Continuation

03/31 16:22

Wechat scan to share

Bitcoin (BTC) saw a slight increase at the opening of Wall Street on March 31 as traders remained cautious about the short-term price outlook. The price of BTC/USD on Bitstamp reached a local high of $83,914, with a 1.5% increase for the day. Market momentum was influenced by upcoming US trade tariffs and gold prices reaching all-time highs. Analysts expressed caution regarding the BTC price action, with some predicting a return to levels around $80,000. The correlation between Bitcoin and US stocks was highlighted in a recent report by Bitfinex.

Comments

All Comments

Recommended for you

Coindesk · 04/22 10:33

WazirX to Get Day in Court Next Month, With Payouts After 10 Days If Recovery Plan is Approved

The exchange has wrapped up all prep work for the hearing, where the court will decide on approving WazirX’s restructuring and user compensation plan.
Bryan · 04/22 10:30

ECB flags risk of financial contagion from US crypto push

The European Central Bank (ECB) raised an alarm over potential fallout from aggressive US support for the crypto industry, warning that a surge in dollar-backed stablecoins could destabilize Europe’s financial system.
Jesse Hamilton · 04/22 06:35

U.S. Derivatives Watchdog Weighs 24/7 Action With Crypto Oversight on Horizon

The Commodity Futures Trading Commission has opened a public-comment period for around-the-clock derivatives activity, as seen in the digital assets space.
Stephen Moore · 04/22 06:13

US judge transfers Binance lawsuit to Florida, citing first-to-file rule

US District Judge Barbara Rothstein said she granted the motion because the two lawsuits were very similar and it would promote efficiency and avoid duplicative litigation.
Jesse Coghlan · 04/22 06:06

US Bitcoin ETFs clock biggest inflows since January as crypto markets gain

Daily inflows into US-listed Bitcoin exchange-traded funds reached $381.3 million on April 21, their biggest single-day inflows since January.
Martin Young · 04/22 05:54

US dollar, stocks tumble and crypto gains as Trump amps up pressure on Fed

The POTUS has reiterated his calls to lower interest rates as stock markets continue to tumble and the Dollar Index hits a three-year low.
BRAYDEN LINDREA · 04/22 05:51

Paul Atkins, nominated by Trump, has been sworn in as SEC chair

Paul Atkins was sworn into office as the 34th chairman of the Securities and Exchange Commission.
PreIN · 04/22 05:42

Understanding MCP in One Article: The Standardized Revolution in AI Agent-Tool Interaction

This changes everything.
EMC Labs · 04/22 05:42

The Fed is "hawkish", the US dollar index hits a three-year low, and BTC maintains a rebound trend (04.14~04.20)

A large influx of funds for “bottom-fishing” in the stablecoin channel has pushed BTC to outperform the Nasdaq.
04/21 14:10

BitradeX Partners with NVIDIA for Deep Collaboration, Leveraging GPU Power to Lead the AI Trading Revolution

BitradeX has announced its partnership with NVIDIA through the NVIDIA Developer Program, entering into a deep collaboration to optimize its core AI trading model, ARK Trading Model, with NVIDIA’s A100 and H100 GPU clusters. This collaboration has significantly enhanced ARK's decision-making speed and precision, reducing decision latency from 2.1 milliseconds to just 0.07 milliseconds. This deep partnership marks a technological breakthrough for BitradeX, propelling the industry into the "AI Quantification 2.0 Era" and offering users a more efficient trading experience in the global financial market.