Bitcoin Falls Again On Uncertainty In Tariff War

ECB Chief "EU Will Experience Inflation If Responsding to U.S. Tariff War"
BTC/Altcoin Continues To Fall Intra-Day On Asset Market Fear by Tariff War
Experts Reveal Mixed Outlook..."Market Recovered vs Started Bear Market"

Bitcoin(BTC) fell on Mar. 21 due to the uncertainty of the tariff war and the disappearance of good news.

This time, Europe responded to the aftermath of the tariff war thrown by U.S. President Trump. Christine Lagarde, president of the European Central Bank(ECB), said at a parliamentary hearing in Brussels, Belgium on the 20th that if the trade war begins in earnest, such as the European Union (EU) taking retaliatory measures against the imposition of U.S. tariffs, the growth rate of the eurozone could fall by up to 0.5 percentage points and prices could rise by 0.5 percentage points.

The asset market fell on fears that Europe could also be caught up in the aftermath of the U.S. tariff war. On the 20th, the Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite Index fell 0.03%, 0.22%, and 0.33%, respectively.

The fear that swept the asset market also led to Bitcoin and altcoins. After Bitcoin fell to $84,000, altcoins, which had rebounded the previous day, also returned their gains.

◇Bitcoin = Bitcoin price is $83,945 at 4:30 p.m. on Mar. 21, 2025. The Bitcoin share(dominance) was 61.55%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 61.26% and 38.74%, according to the on-chain analytics platform Sigbtc.

Experts' prospects surrounding Bitcoin were mixed.

"Binance's one-hour Bitcoin futures net market price increased to $467 million, the highest this year," cryptocurrency analyst Dark Post said in a cryptocurrency statement. "This suggests that traders' fighting spirit is recovering in the short term."

On the other hand, asset management company VanEck said on its official blog, "Bitcoin suffered a 30% return from its peak, maintained a low futures funding ratio, and caused the longest net outflow of funds from ETFs since its launch," adding, "Altcoin is weaker than Bitcoin, but Bitcoin Dominance (market share) has not changed much. These data are threatening the Bitcoin bull market."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Mar. 21 was Layer Zero (ZRO), up about 17%.

The Layer Zero project is a project that specializes in 'cross-chain messaging' and connects different blockchain networks. Major investors include Coinbase Ventures and Binance Labs.

Layer Zero The utility token Layer Zero of the project has a issuance volume of 1 billion.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative maintains a 'Fear' level with 31 points. The fear stage(20-39) is a stage where cryptocurrency price volatility and trading volume increase, and the price falls. Since there is a high possibility of forming a low point in the short term, one should be careful about buying.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 48.6, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr