, rose slightly on Mar. 24 amid low-priced buying. Bitcoin and altcoins, which had continued to fall due to U.S. President Trump\'s recent escalation of tariff wars, have continued to rise slightly since Mar. 20. This is because the U.S. Federal Reserve predicted a rate cut last week, along with predictions that a number of macroeconomic factors that will shake the market have already been announced. Major altcoins rose more than 2% and altcoins with light market capitalization rose more than 10%, including B', 'https://img.blockstreet.co.kr/photo/2022/07/14/20220714000011_0640.jpg', 'https%3A%2F%2Fwww.blockstreet.co.kr%2Fnews%2Fview%3Fud%3D2025032416400209829'));){kind=link}
BTC·Altcoins Rebound on Fed Rate Cut Notice of Last Week
Some Altcoin Rise More than 10% on Low-Priced Purchase
Many Experts "BTC Rebound Again...May Go to $110K"
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Bitcoin and altcoins, which had continued to fall due to U.S. President Trump's recent escalation of tariff wars, have continued to rise slightly since Mar. 20. This is because the U.S. Federal Reserve predicted a rate cut last week, along with predictions that a number of macroeconomic factors that will shake the market have already been announced.
Major altcoins rose more than 2% and altcoins with light market capitalization rose more than 10%, including Bitcoin's rebound of about 1% on Mar. 24.
◇Bitcoin = Bitcoin price is $86,885 at 4:30 p.m. on Mar. 24, 2025. The Bitcoin share(dominance) was 61.63%.
The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 49.79% and 50.21%, according to the on-chain analytics platform Sigbtc.
Optimism dominated the outlook of experts surrounding Bitcoin.
BitMex CEO Arthur Hayes, crypto expert Timothy Peterson and on-chain analytics platform 10x Research founder Marcus Thielen predicted a rebound in Bitcoin.
Arthur Hayes said, "I bet Bitcoin will surpass $110,000 first before testing $76,500 again." He explained, "The Fed is shifting from austerity(QT) to quantitative easing(QE), and it is focusing on government bonds."
Peterson explained that it is difficult for Bitcoin to fall below $80,000 considering its basic adoption rate and the U.S. Federal Reserve's monetary policy easing stance.
"The current decline in Bitcoin will end within 90 days," he said. "Bitcoin, which has fallen over the next 30 days, could see a 20-40% rally after April 15." At the same time, Peterson attached data on Bitcoin's 120-day graph analysis.
In a report published on the 24th, Tielen claimed that Bitcoin exceeded $85,200 as of the 21st, and that it would already turn into a bullish trend and try to rebound to $90,000 soon.
Thielen's main cause of Bitcoin's rebound is ▲ U.S. President Trump's easing of tariff wars ▲ U.S. Federal Reserve's notice of a rate cut.
◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Mar. 24 was Ankr(ANKR), up about 30%.
ANKR is a cryptocurrency for blockchain-based distributed cloud services and is a decentralized distributed cloud platform that can implement fast processing speed and low fees based on plasma technology.
It is a cryptocurrency based on ERC-20 and uses blockchain to build a declined distributed cloud computing platform. It is a system that aims for a sharing economy by lending extra computing power to others, and individuals generate profits through shared activities.
◇Fear Greed Index = The digital asset fear-greed index provided by Alternative has entered the 'Neutral' stage with 45 points. The neutral stage is a section where the psychological resistance and support of market participants appear, and important decision-making actions appear in future price movements.
The cryptocurrency relative strength index(RSI) provided by Sigbtc was 72.2, which was 'overbought'. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of overbought and over-selling of a particular asset.
권승원 기자 ksw@blockstreet.co.kr