The price of Bitcoin (BTC) in the US FRIDAY MORNING MORNING -HANDEL has jumped back to about $ 84,000 after an overnight stay to $ 78,000, but remains lower by more than 15% from its level only a week ago.
Crypto Fear & Greed Index overnight dipped to 10 – a level that was not seen since the depth of the 2022 bear market – but has also jumped, now living at. 16. It is still in the “Extreme Fear” area and well under last week’s 55 (in the “greeds” area). Levels above 75 are considered “extreme greed” and the index has not been there since the time of Trump inauguration.
Even with the Friday win, Bitcoin is lower by more than 1% from 24 hours ago, and the wider Coindesk 20 index has fallen approx. 2%.
Alone in the green among the big cryptos is Solana (sun), ahead of 5%, as CME announced plans to add Sol Futures to his crypto platform on March 17. However, the sun remains with 36% over the past month and good below the levels it was at the November election election of the Donald Trump election.
Weekend wings
Of course, all major stock markets are closed on the weekends. Even currency that has been touted for decades as a market that never sleeps is actually closing between Friday and Sunday night. However, Crypto has no such break, but dealers could be forgiven for clinging to one.
Standard Charter’s Geoff Kendrick pointed out a few weeks ago that weekends have not been kind to Bitcoin too late. While last weekend was very modestly positive for the world’s largest crypto, the trend before it had for lower prices often had sharply.
“Are risk assets truly to collect in [this] Weekend now we’ve had the bad news, “Kendrick asked in a note on Friday morning. His answer is likely they don’t.
A counter -roof is that they just might. After all, macroric risk – at least as defined by President Trump’s belligerent duty attitude – could be fully priced in. He has promised that 25% tariff rates will begin for Mexico and Canada and 10% for China on Tuesday. How can things get worse than that? Will he beat them to 50%?
Instead of prices that have fallen so far (stock markets, also stumbled this week), it may be the bears who are in the risky place over the next 48+ hours if – for example – an agreement that averted or essentially delayed the tariffs.
Tighten up.
