This article provides an overview of current price trends of Bitcoin and major altcoins, reflecting on the stock market and US dollar index situation.
Current Bitcoin Market Situation
Since early March, Bitcoin has stayed above $80,000, but has not surpassed $86,000 as sellers press on. CoinShares reports indicate significant outflows from crypto ETPs, pointing to potential accumulation phases before new market trends.
Stock Market and US Dollar Index Analysis
The S&P 500 Index is in a corrective phase, having fallen to 5,504 points. The US Dollar Index (DXY) is experiencing weak rebounds from the 103.37 support level, indicating continued seller pressure.
Major Altcoins Overview
Ether (ETH) trades within the $1,963–$1,821 range, while BNB shows signs of correction ending, surpassing the 50-day moving average. Other altcoins such as SOL and ADA exhibit key levels of resistance and support.
The cryptocurrency market continues to present mixed signals: Bitcoin remains high, yet seller pressure persists. The stock market and dollar index also show uncertain swings, reflecting overall uncertainty.
