The price of Bitcoin continued to fall on March 28, recording the fourth consecutive day of losses and reaching an intraday minimum of $ 83,387.
The fall of Bitcoin was followed by a crash on Wall Street – Dow fell for 700 points, while the index S & P 500 lost 112 points, ie the trillion of the market value, conveys cointelegraph.
This sales wave in markets explains the growing concern for inflation, after the data for February has shown that the basic index of personal consumption (Core PCE) has increased to 2.8%, which is above expectation.
Additional pressure on markets caused the announcement of the President Donald Trump on the introduction of “reciprocal tariffs”, including a duty of 25% on all cars produced in the USA. Even greater pressure is expected 2. April, which Trump called “Dani Oslobodjenje”, when the customs were also introduced to pharmaceutical products.
Veteran Trader Peter Brandt warns that BitCoin could fall until $ 65,635, after, according to the technical analysis, the form “Bear Wedge” is transferred by the investor. Its assessment is shared by the HTL-NL trader, which considers that Bitcoin returns to the lower scope of the long-term trend.
Despite the fall and poorly pronounced demand on the spot market, the Cole Garner emphasizes that “big players go wild”, pointing to a powerful signal with a bitfinex margin that has made over 50% yield within 50 days.
The regulatory plan, a positive shift was recorded – the White House and FDIC officials enabled banks a clearer framework for inclusion in the crypto sector, without the need for the prior notice of the regulator.
