Bitcoin has broken below its 200-day moving average, a key technical support level, following the latest U.S. inflation report. The move comes after the February Personal Consumption Expenditures (PCE) index showed inflation remains stubbornly high, raising concerns among investors.
Hopes for a continued crypto rebound were dashed Friday as a sharp market sell-off erased nearly all gains from earlier in the week. Bitcoin (BTC), which hovered near $88,000 just a day ago, plunged to $83,800, marking a 3.8% drop in 24 hours.
The price of bitcoin has been going through a rough patch post the announcement of tariffs by the US President. Gold reached $3,080 on March 28, 2025, coinciding with Schiff's most recent remarks.
While Bitcoin has seen less upward momentum in recent days, the asset still manages to maintain stabilization above the $84,000 ever since its reclaimed it earlier this week. So far, BTC's uptick in the past week has reduced to a mere 0.2% as it price currently trades at $84,263 down by 3.
Bitcoin (BTC) continues to trade above the $84,000 mark despite a slight decline in momentum this week. After briefly touching higher levels of nearly $90,000, the asset has seen a 3.3% decrease over the past day, bringing its current price to roughly $84,222.
In the March 27, 2025 analysis, titled “Where is Bitcoin headed next? A Signal hidden in Real-Time Data,” Truflation highlights a recurring phenomenon: each time its inflation index experiences a pronounced downtrend that later pauses or reverses, Bitcoin has tended to surge soon afterward.
Bitcoin's Hash Ribbon buy signal just triggered for the 8th time. Is BTC set for a recovery, or will macro risks keep pressure on prices? The post Is This BTC's Bottom? One of the Most Trusted Buy Signals in Bitcoin Just Flashed appeared first on Cryptonews.
Fidelity Investments director of global macro Jurrien Timmer believes that Bitcoin (BTC) has a “possible” path to surpassing gold in market value — but “not any time soon.” In a detailed social media post, Timmer explained his view using a chart comparing the projected growth of gold and Bitcoin over time.
BTC prices dips as the U.S. government transfer a significant amount from confiscated funds.
Bitcoin is once again under pressure, trading below crucial demand levels as bearish momentum builds. After a brief period of optimism and a minor upswing, selling pressure has returned, dragging BTC lower and raising concerns about a deeper correction.
Strategy holds over 506,137 BTC worth $44 billion, but Bitcoin's price decline from its $109K peak raises questions about the firm's aggressive buying strategy.
Bitcoin ETFs notched their tenth consecutive day of inflows, adding $89 million, led by Fidelity's FBTC and Blackrock's IBIT. Meanwhile, ether ETFs recorded another day of outflows, losing $4 million.
Bitcoin price extended its decline on March 28, falling for a fourth consecutive day to paint an intra-day low of $83,387. BTC's (BTC) decline mirrored the Wall Street sell-off, where the DOW closed 700 points lower, alongside the S&P 500 index, which dropped 112 points.
GameStop (NYSE: GME) suffered a sharp 25% drop yesterday, a sudden downturn that followed a 16% rally on March 26. The catalyst?
Bitcoin tumbled to $83,544 on Friday, a low catalyzed by upheavals in financial markets amid Trump's proposed tariffs on pharmaceutical companies. Concurrently, March's consumer sentiment data illuminated the loftiest projections for long-term inflation in over three decades. Wall Street Wipeout Hits Bitcoin: Crypto Economy Tumbles 4.
Ethereum's ETH hit its weakest price against bitcoin in almost five years as macroeconomic concerns added pressure to risk assets.
Bitcoin dominance has risen to 58%, defying expectations of an altcoin market rotation despite favorable conditions.
Cryptocurrency markets have plummeted on Friday, following renewed inflation fears. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $83,620.45 -4.3% Ethereum (CRYPTO: ETH) $1,879.34 -6.7% Solana (CRYPTO: SOL) $129.23 -7.1% XRP (CRYPTO: XRP) $2.17 -7.4% Dogecoin (CRYPTO: DOGE) $0.1798 -6.3% Shiba Inu (CRYPTO: SHIB) $0.00001320 -6.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 4.9%.
Bitcoin is facing new inflationary pressure after the release of US personal consumer expenditure (PCE) index data that exceeded analysts' expectations.
Bitcoin Magazine Proposed South Carolina Bill Lets State Treasurer Invest 10% Of State Funds In Bitcoin A new bill submitted to South Carolina's House of Representatives enables the State Treasurer to build a “Strategic Digital Assets Reserve”, which can include up to one million bitcoin. This post Proposed South Carolina Bill Lets State Treasurer Invest 10% Of State Funds In Bitcoin first appeared on Bitcoin Magazine and is written by Frank Corva.
Benjamin Cowen, founder of IntoTheCryptoverse, warns that Bitcoin (CRYPTO: BTC) is approaching another “death cross.” What Happened: In a podcast published on Friday, Cowen said that Bitcoin will “likely have another death cross," meaning the 50-day simple moving average crossing below the 200-day simple moving average, if nothing changes in the next one to two weeks.
Traders are cashing in on GameStop's fumbled Bitcoin announcement and BTC miners are in for a world of hurt as fees shrink.
Strategy founder Michael Saylor declared that bitcoin will absorb up to $500 trillion in global capital by displacing gold, real estate, and other traditional stores of value (SoV) in a sweeping digital transformation of wealth.
The digital asset market has shown signs of a rebound in the last seven days, although headwinds still limit the recovery. The recent downturn crashed crypto prices and left lingering effects on new holders.
The chief executive of financial advisory giant deVere Group says that the adoption of one particular asset class will increase demand for both Bitcoin (BTC) and Ethereum (ETH).
Bitcoin Magazine FDIC Says Banks Can Engage In Bitcoin And Crypto Without Prior Approval The FDIC issues new guidance allowing banks it oversees to engage in crypto services without seeking pre-approval. This reverses strict policies imposed under the Biden administration. This post FDIC Says Banks Can Engage In Bitcoin And Crypto Without Prior Approval first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.
Jurrien Timmer, director of global macro at Fidelity Investments, has stated that it is "possible" for Bitcoin to overtake gold. However, he does not expect this to occur anytime soon.
BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed have been pardoned by President Trump, according to a report.
Bitcoin Magazine Bitcoin Covenants: CHECKTEMPLATEVERIFY (BIP 119) The first article in the Covenant series, examining the CHECKTEMPLATEVERIFY (CTV) proposal from Jeremy Rubin. This post Bitcoin Covenants: CHECKTEMPLATEVERIFY (BIP 119) first appeared on Bitcoin Magazine and is written by Shinobi.
Curve DAO (CRV), Bonk (BONK) and Pyth Network (PYTH) were among top losers as the cryptocurrency market witnessed sharp volatility on Friday, March 28. The altcoins saw sharp declines as Bitcoin (BTC) fell below $84k amid CME gap trades. Cryptocurrencies were also tracking downside action amid broader jitters across the risk assets market.
On today's show, bitcoin and ether fall to end the week amid uncertainty over tariffs and a grim inflation outlook. Plus, Crypto.com CEO Kris Marszalek said that the SEC is closing its investigation into the crypto exchange, while Galaxy Digital agreed to pay $200 million in a settlement with the New York Attorney General's office over Luna investments.
ZachXBT said scammers have stolen over $46 million in Bitcoin and other crypto from Coinbase users in March alone.
Economist and long-time gold advocate Peter Schiff on Friday criticized Bitcoin's (CRYPTO: BTC) year-to-date decline, highlighting gold's quiet 18% rally as evidence of the market's misplaced focus. What Happened: In a post on X, Schiff challenged the bullish narrative surrounding the U.S. government's Bitcoin Strategic Reserve and suggested HODLers are ignoring market fundamentals.
Bitcoin dipped by 4% in the last 24 hours, amidst reports of upcoming U.S. tariffs on its trading partners. U.S. President Donald Trump's tariff announcements have been dramatic enough to keep crypto traders on their toes, as Bitcoin and altcoins react to the news.
According to a CryptoQuant Quicktake post published earlier today, Bitcoin (BTC) may be on the verge of a significant price rally. Since February 6, net flow across crypto exchanges has remained negative – a historically bullish signal for the digital asset.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
MonkeDAO, a community-owned non-fungible token project on Solana, has announced it's become the first decentralized autonomous organization to adopt a Bitcoin reserve.
Major cryptocurrencies including Bitcoin, Ethereum, and XRP are falling Friday alongside stocks amid growing inflation fears.
Representative Jordan Pace introduced legislation to create a Bitcoin Reserve for South Carolina, joining a nationwide effort. Currently, nearly half of all US states have an active bill to create a similar Reserve.
Rich Dad Poor Dad author Robert Kiyosaki says one traditional asset may outperform both Bitcoin (BTC) and gold in the coming months. Kiyosaki tells his 2.
Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels. Market participants seem nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures data came in hotter-than-expected.Traders are divided about Bitcoin's price trajectory in 2025.
Bitcoin's (CRYPTO: BTC) price action may soon escape its current consolidation phase, analysts say, as several key catalysts—ranging from regulatory shifts to evolving U.S. crypto policy—signal a potential breakout. What Happened: While inflation concerns have postponed rate cut expectations, BTC's resilience amid macro uncertainty is reviving investor confidence.
According to data provided by crypto analytics firm CryptoQuant, $674 million worth of dormant coins are suddenly on the move.
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.
The meeting could strengthen US-El Salvador relations, influence Bitcoin's global adoption, and impact international crypto policies. The post Trump plans to meet with Bitcoin bull Nayib Bukele next month appeared first on Crypto Briefing.