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Cryptocurrency News Articles
Bitcoin (BTC) market is poised for volatility this week as investors brace for the impact of U.S. President Donald Trump's reciprocal tariffs and the release of nonfarm payroll data.
Mar 31, 2025 at 06:10 pm
The Crypto Fear and Greed Index has plummeted to the fear zone at 25, signaling heightened investor anxiety. Bitcoin, the flagship cryptocurrency, continues to struggle amid broader economic concerns and regulatory uncertainties.
The cryptocurrency market is bracing for another volatile week as investors digest the impact of U.S. President Donald Trump’s reciprocal tariffs and the upcoming nonfarm payroll report.
The week kicked off on a subdued note, with most digital assets trading in a bearish zone. At the last check, Bitcoin (BTC) had slid to $82,432.00.
The Crypto Fear and Greed Index has plummeted to the fear zone at 25, signaling heightened investor anxiety.
Bitcoin continues to struggle amid broader economic concerns and regulatory uncertainties in the crypto space. Analysts believe that BTC’s price action will heavily depend on macroeconomic data and policy decisions from the U.S. government. The upcoming nonfarm payroll report will provide insights into employment trends, potentially influencing market sentiment.
Solana (SOL) is a key asset to watch this week as it tests critical support levels. The token has been attempting to break below the $119.5 support level, failing to do so on multiple occasions since April last year. This suggests that bears are hesitant to push the price lower.
However, a drop below this level would confirm a bearish breakdown and indicate further potential for a decline. Additionally, a death cross pattern emerged on March 3, formed by the intersection of the 50-day and 200-day moving averages, which could foreshadow bearish momentum.
If Solana breaches the $119.6 support, it could experience a further decline to the psychological level of $100, exacerbating the sell-off pressure in the market.
Cronos (CRO) has shown strong performance recently, surging by 30% over the past week and 54% from its lowest point this year. Several factors have contributed to this surge.
Technical analysis shows that Cronos rebounded from the crucial support level of $0.0715—a level it had failed to breach in August and November of the previous year. If CRO surpasses this month’s high of $0.1197, it could set the stage for further gains, with the next target being the 50% Fibonacci retracement level at $0.133.
Polkadot (DOT) is another coin that investors will be keeping an eye on this week. While DOT’s price has remained relatively stable, traders are focused on key resistance and support levels.
A breakout above $9.50 could signal renewed bullish momentum, while a drop below $7.80 might trigger further downside for Polkadot.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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