After a bullish start to March 2025, its close appears to have ended in a market crash. Today, March 28, 2025, the overall market witnessed a significant price decline. Amid this, Bitcoin (BTC), the world's largest digital asset, has finally lost its support and is now poised for a massive price drop.
A remark earlier this week by the chief of staff to Brazil's vice president underscored the country's heightened interest in Bitcoin.
Bitcoin is struggling to push higher, showing signs of weak demand and potential rejection. If selling pressure increases, the $80K support level could be the next target in the coming days.
TL;DR The crypto market experienced a 4% drop due to inflation data in the U.S. exceeding expectations, which negatively impacted investor sentiment. The total market capitalization decreased to $2.73 trillion, while the Personal Consumption Expenditures (PCE) Index rose by 0.4% monthly and 2.8% annually.
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As Bitcoin sways like a ship in a macroeconomic storm, the threshold of $84,000 becomes a symbol of resistance. The latest data from the U.S. Personal Consumption Expenditures (PCE), published on March 28, injected a dose of raw realism into the market euphoria.
After a positive start to the week, Bitcoin price reverted to negative returns after BTC (BTC) dropped 3.5% to an intraday low of $84,120 on March 28. The price rejection occurred at the cusp of the descending trendline (black) and the upper range of the ascending channel pattern.
Greetings, and happy 41st birthday to Ross Ulbricht!
The “core” personal consumption expenditures (PCE) price index makes it easier to capture underlying inflation trends by excluding food and energy, which tend to experience higher price volatility than other consumption categories. PCE Shock: Bitcoin Falls Under $85K as Inflation Worries Return Both traditional and crypto markets took a dive this morning as the U.S.
The U.S. Federal Reserve's preferred inflation measure elevated sharply in February, with the core personal consumption expenditures price index climbing 0.4%—the largest monthly spike since January 2024—while consumer spending growth fell short of expectations, the Commerce Department reported Friday.
South Carolina dropped its staking lawsuit against Coinbase on March 27. The lawsuit accused Coinbase of offering unregistered securities.
Bitcoin has long reigned as the undisputed king of cryptocurrencies, dominating headlines, dictating market trends and setting the standard for digital assets. In fact, according to YCharts, the daily Bitcoin transactions recently hit $505859, up from $317064 a year ago.
TL;DR Over $14.2 billion in Bitcoin and Ethereum options expire today, representing more than 40% of the total open interest in the crypto market. The “maximum pain” level for BTC is $85,000, slightly below the current price, which could trigger short-term downward pressure.
BlackRock, already a $10 trillion force in traditional finance, continues to expand its presence in the digital asset space. This time, it is the BUIDL fund - a tokenized investment vehicle - that has surpassed $1.5 billion in AUM, as reported by Arkham Intelligence.
Dominari Holdings has launched its “Dominari Bitcoin Treasury” strategy, allocating a portion of its cash reserves to Bitcoin (BTC).
The day of March 28 saw a clear retreat for the price of Bitcoin, which lost over 3% following the release of new data on the PCE (Personal Consumption Expenditures) Price Index in the United States (USA). The renewed fear of persistent inflation worries investors and puts an important technical threshold at risk: the support at 84,000 dollars.
On Friday, Bitcoin's computing strength rocketed to an all-time peak of 862 exahash per second (EH/s), shattering the prior benchmark of 852 EH/s set when February kicked off. Bitcoin's Network Muscle Flexes On March 28, the network's aggregate processing velocity had climbed to 862 EH/s, edging past the earlier milestone by a decisive 10 EH/s.
Speaking at the DC Blockchain summit, Senator Cynthia Lummis shared her belief that the power of Bitcoin could reduce the $36T U.S. debt by half in as little as 20 years. On X, she praised President Trump for his strides forward in this area.
The Federal Reserve's key inflation measure came in hotter than expected in February, according to data released on Friday.
Dominari, which trades under the ticker DOMH, is the latest public company to establish a corporate Bitcoin treasury strategy.
Sometimes, it only takes one number to shift sentiment on the market, and this time, that number came from the latest inflation report. The price of Bitcoin has now lost a crucial technical support level - the 200-day moving average - after the latest Personal Consumption Expenditures (PCE) data was released, adding more weight to an already uncertain macroeconomic backdrop.
Dominari Holdings, a wealth management firm, announced during an earnings report on Friday that it would use a portion of its excess cash to buy shares of the iShares Bitcoin Trust.
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The Fed's preferred inflation gauge clocked in well above the U.S. central bank's 2% target.
Ethereum (ETH), the second largest cryptocurrency by market capitalization, has plunged significantly against Bitcoin (BTC). According to Alex Thorn, Head of Research at Galaxy, Ethereum has reached fresh lows of 0.02210 BTC per ETH, marking a 74% decline since the blockchain's transition from proof of work (PoW) to proof of stake (PoS).
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Controversial financial pundit Peter Schiff has predicted that the price of Bitcoin might collapse to $10,000.
The Bitcoin Macro Index has started showing signs of bearish divergence raising concerns that Bitcoin may have already reached its long-term peak.
Traders believe Bitcoin (CRYPTO: BTC) has not topped yet, citing multiple historical patterns pointing to a possible extension of the bull market. What Happened: Crypto trader Astronomer on Friday noted that Bitcoin is slowly approaching the $83,000 mark, aligning with his outlined long strategy.
South Carolina is considering adding Bitcoin to its financial reserves under a new bill introduced by Rep. Jordan Pace.
Bitcoin (BTC) sought a local bottom on March 28 while US inflation data came in higher than expected. BTC/USD 1-hour chart.
The latest U.S. Personal Consumption Expenditures (PCE) data for February indicates that overall inflation remains stable, but core inflation has inched higher.
Bitcoin (BTC) price remains in the $85,000- $87,000 range as traders receive mixed signals from on-chain factors. Across crypto spaces, users anticipate an upward movement in price after institutions bought the dip but several on-chain metrics are weakening possibly due to US macro trends.
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DeepSeek can analyze trends, detect patterns, and provide valuable insights to traders. While it isn't a magic solution to guaranteed profits, DeepSeek can become a powerful ally for Bitcoin trading.
Bitcoin's price is currently at $85,288, with a market cap of $1.69 trillion and a 24-hour global trade volume of $30.19 billion. Throughout the past day, bitcoin has traded within a range of $84,784 to $87,723, reflecting a volatile market.
Bitcoin's hashprice, a measure of daily miner revenue per terahash, experienced significant volatility in the past three months. From late December 2024 through the end of March 2025, the USD-denominated hashprice declined from over $55 to under $49, with a peak of $61.74 on Jan. 30 and a low of $45.84 on Mar. 10.
According to a Public Ethics Committee, one in five South Korean public officials, 411 out of 2,047 officials, holds cryptocurrency, totalling around 14.41 billion Korean won ($9.8 million). This reveals the extent to which cryptocurrency, particularly altcoins, is penetrating Korea's public sector.
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced $89 million in net inflows on Thursday, marking the longest streak of positive flows since December 2022.
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Velar has officially launched the world's first decentralized perpetuals exchange built natively on Bitcoin.
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The crypto market remained on edge on Friday after the U.S. released the Federal Reserve's preferred inflation metric.
The US Personal Consumption Expenditures (PCE) inflation numbers for February have been released, showing a steady trend in headline inflation but a slight uptick in core inflation. Bitcoin and altcoins have extended losses further from earlier today as BTC slips under $85,000, while Ethereum (ETH) tanks 7% slipping under $1,900.
A record-breaking $16.5 billion in BTC options is set to expire today.