Bitcoin Rises on Expectations of Easing Inflation

블록스트리트 등록 2025-03-26 16:48 수정 2025-03-26 16:48

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Bitcoin Rises on Expectations of Easing Inflation
Bitcoin(BTC) rose on Mar. 26 on expectations formed ahead of U.S. President Trump's comments on easing the tariff war and the announcement of major U.S. economic indicators.

"We can give exemptions to many countries," U.S. President Trump said at a White House meeting on Mar. 24(local time), adding, "We can take better steps when we have a mutual relationship."

The U.S. Department of Commerce will unveil the core personal consumption expenditure(PCE) price index, the most reliable inflation indicator of the U.S. Federal Reserve on Mar. 28(local time). The asset market rose slightly and showed a cryptocurrency market-like trend in anticipation that PCE would ease market expectations, with many experts insisting on easing inflation in February.

A number of altcoins are up more than 2%, including a roughly 1.4% rise in Bitcoin.

◇Bitcoin = Bitcoin price is $88,235 at 4:30 p.m. on Mar. 26, 2025. The Bitcoin share (dominance) was 61.48%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 48.61% and 51.39%, according to the on-chain analytics platform Sigbtc.

Many experts have expressed their opinion that Bitcoin will resume its rally, starting with the PCE announcement.

Singapore's cryptocurrency analyst QCP Group said in a report released on the 26th, "President Trump's comments to major trading partners have eased market instability, and there are more than $100,000 in outstanding stakes in the cryptocurrency futures market," adding, "The catalyst that can trigger the rally will be the announcement of PCE indicators."

Cryptocurrency expert Timothy Peterson also predicted that Bitcoin will soon rebound.

He set the upper and lower limits of Bitcoin based on the prices recorded by Bitcoin over the past decade, stressing that "the current Bitcoin remains at the bottom 25% threshold and has a 75% chance of rebounding from it."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Mar. 26 was Shiba Inu(SHIB), up about 10%.

Shiba Inu is a representative 'meme coin' and is a cryptocurrency that is no longer issued after 1,000 trillion coins were initially issued. Currently, distribution is underway in a decentralized form through a series of distribution processes.

◇Fear Greed Index = The digital asset fear-greed index provided by Alternative has entered the 'neutral' stage with 47 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 62.6, 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.

Kwon, Seungwon ksw@blockstreet.co.kr