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As I mentioned in my 2025 open letter, one of our focuses is to enhance our support for institutional clients. This week, we’re taking a meaningful step forward in that direction. We've just launched an upgraded institutional lending service at #Bitget. It’s designed for

The crypto market is facing a minor correction, with Bitcoin (BTC) momentarily retreating from its recent high of $88,000 back to the $86,000 territory. The total market capitalization has decreased by about 4% over the past 24 hours, currently sitting at around $2.9 trillion. The recent resistance levels faced in the market suggest that there could be a consolidation period in the near future. Recent positive news in the sector temporarily spurred a recovery. Among the major market optimists was BlackRock’s recent purchase of BTC valued at $107.9 million, reflecting increasing institutional demand. Furthermore, the U.S. Securities and Exchange Commission (SEC) withdrew its case against Ripple and issued a series of crypto-related talks. This has further boosted XRP investors’ confidence. As the first quarter of 2025 comes to a close, market trends are indicating that some digital assets may see increasing activity. The following three cryptocurrencies are worth watching this weekend. Since it is the flagship crypto, BTC has a major influence on market direction. The recent participation of large financial institutions, including BlackRock, indicates a likely increase in institutional investment. These actions could influence further price shifts in the next few days. If BTC sees new buying demand, it could take the market into another positive wave. At press time, Bitcoin price dropped 2.54% to $84,358.58 on Friday, March 28. According to Coinglass data , the BTC futures open interest plunged 2.07% to $55.77 billion in the last 24 hours. With the derivatives market awakening, a rebound seems difficult in the short-term, as mentioned in our previous story. However, owing to strong fundamentals and increasing institutional investments, BTC price is expected to bounce back in the long run. XRP has demonstrated incredible resilience in the last few months. The crypto spiked above $3 earlier this year, reaching its highest level in almost seven years. The legal win over the SEC has boosted investor confidence, and XRP continues to remain in the limelight, as highlighted in our previous story. Market participants could keep on piling up the asset, which could result in higher inflows of capital in the near term. Nonetheless, XRP price is currently struggling at $2.19, down by 5.80%. Solana has received a major price correction since its peak in January. As of writing, SOL price dipped 5.65% to $129.88 today. The drop has placed the asset at a price level that may welcome new investors. With its prevalence in the crypto space and steadfast network activity, Solana is still a major favorite among traders. If market conditions normalize, SOL may recover in the coming sessions.

🚨 S&P 500 DOWN 1.2% SHORTLY AFTER OPEN.

Bitcoin (BTC) is currently teetering on a crucial edge, with price action signaling potential for either a sharp breakdown or a decisive rebound. As we close out March 2025, the crypto market appears tense—investors are watching the charts closely, looking for confirmation. Let’s dig into what’s unfolding on the Bitcoin price daily chart, interpret the technical indicators, and try to answer the burning question—what’s next for BTC? From the daily Heikin Ashi candlesticks, it’s evident that Bitcoin has been stuck in a sluggish drift since mid-March. The current price sits at around $81,868, with red candles gaining dominance, indicating selling pressure. The candles lack long upper wicks, a common trait during consolidations or bearish momentum buildups. The price is now trending below all key moving averages, a technical warning that the bulls are losing grip. The chart is overlaid with a Moving Average Ribbon featuring SMA 20, 50, 100, and 200. Here's the breakdown: When Bitcoin price trades below the 200-day SMA, it often signals macro-weakness. The compression of the moving averages above the price suggests a possible "death ribbon" effect, where convergence could lead to a continuation of downside unless bulls step in aggressively. Below the price chart, the Accumulation/Distribution Line (ADL) provides insight into volume flow. The ADL currently reads 1,588.39, and while it's been recovering from January lows, the last few days show flattening and slight down-tilt. This suggests distribution is beginning to outweigh accumulation again—essentially meaning more traders are offloading BTC than buying. ADL is a volume-based indicator that tracks the flow of money into or out of an asset. A rising ADL signals accumulation, while a falling or flat one signals distribution. BTC’s current ADL action aligns with the price slipping under key SMAs. Bitcoin's nearest support lies around the $80,000 psychological level, which has previously acted as a springboard in late January. A breakdown below this level could expose BTC to a deeper retracement toward $75,000 or even $72,000, depending on the velocity of the sell-off. Conversely, if BTC finds support here and volume picks up, it might test the 200 SMA again at ~$86,000. This zone is absolutely crucial. It’s not just a technical level but also a sentiment trigger. A bounce here could reignite bullish interest—while a break might spiral into FUD (fear, uncertainty, and doubt). For bulls to regain control, they need to push BTC price back above the 20-day and 50-day SMAs , turning them into support. That means a daily close above $88,500 would be an early sign of strength. But more than that, it will take volume confirmation and a visible uptick in the ADL to support any upward momentum. If that happens, BTC price could re-attempt a rally back toward $93,000+, and reclaiming the 100 SMA could open doors for retesting all-time highs. Given the current trend, short-term bias is tilted bearish, but the structure still holds above key psychological levels. If BTC price closes multiple daily candles below $80,000, we may see accelerated selling. However, if it holds and bounces with volume confirmation, we could witness an April surprise rally. Short-Term Bearish Target: $78,000 Neutral Zone: $80,000–$86,000 Bullish Breakout Target: $93,000+ Bitcoin price is approaching a pivotal moment . With daily candles closing below major moving averages and volume trends cooling off, cautious sentiment is warranted. Yet crypto often thrives in uncertainty—and a sudden reversal is always on the table. For now, traders should monitor the $80K level like a hawk and prepare for volatility in either direction as April begins.

SPX/NDX closed week with bearish engulfing. Monthly 20sma is at ~18450 (-4.3%) for #NDX and ~5270 (-5.5%) for #SPX meaning potentially both can drop much more in the following weeks. Although it doesn't have to happen immediately. Week open can push price back up by 2-3%. Watch