Bitcoin
$84,024is hovering around the $84,000 threshold following remarks made by Trump. However, the dovish statements from the Fed have lost significant impact. As concerns grow over tariffs to be announced on April 2, Trump suggests potential agreements with certain countries. What are the expectations for the future?
Expectations for Bitcoin Recovery
Although Bitcoin has struggled to maintain levels above $86,000, it remains distant from extreme sell-offs. Meanwhile, the situation for altcoins continues to look negative, with mixed signals from the European Union; France calls for retaliation, while the EU collectively decides to delay any countermeasures.
The recent use of the term “uncertainty” by Powell has fueled rising expectations for a potential increase once tariffs are clarified. Moreover, the limited impact of tariff expectations on the economy could support risk markets in the medium and long term.
Kyle Doops highlighted the increasing risk appetite among those anticipating a recovery, sharing relevant data.
“Binance‘s Bitcoin Buyer to Seller Ratio has steadily increased above one after forming higher lows over the past ten days, indicating a rise in buying pressure. This metric is typically used to gauge market sentiment and suggests increased demand. If this trend continues, it could play a significant role in shaping BTC’s next move from $76,600. Keep a close eye on these market dynamics.”
Should this trend persist, we could witness a resurgence rather than deeper dips in the cryptocurrency market.
Predictions for Altcoin Gains
The total value of stablecoins is racing towards new heights, exceeding $200 billion. As stablecoin values approach $230 billion, both BTC and altcoins have seen declines. This indicates a potential for rapid recovery in an environment where extreme fear has subsided. Quinten eagerly anticipates the days when sidelined investors will re-enter the market.
Regarding WLD Coin, Daan Crypto Trades shared optimistic market expectations. With support from Sam Altman and new major announcements from NVIDIA, activity here may increase.
“I’m interested in WLD after it recovers previous lows. This could turn the current downturn into a beautiful deviation. I believe Sam Altman is strong enough to continue this endeavor and prevent its demise, if desired. Even without that, just the name will keep this coin relevant for some time, especially since artificial intelligence remains a hot topic.”
