Crypto Market Update – March 24, 2025

Today, March 24, 2025, volatility was expected in the crypto markets, and so it was, leading to a slight increase in the price of Bitcoin.

Although this rise is limited, it’s noteworthy because it occurred at a point where the market could have declined further.

Summary

• The small turn of Friday
• The price of Bitcoin over the weekend until today’s rebound
• Future scenario changes after today’s Bitcoin price increase
• Medium-term forecasts

The Small Turn of Friday

On Friday, March 21, several signals indicated a possible decline in the markets. Currently, everything depends on the US stock markets, which are under stress from the repercussions of Trump’s trade policies.

The S&P500 index, a key indicator of US markets, began declining on February 20, hitting a relative low on March 13. Fortunately, since then, the decline seems to have paused, at least temporarily. On Friday, there were expectations of resuming the bear phase, but despite various negative signals, it did not restart.

After the rebound on March 14, a phase of lateralization began, which continues but is still too short to confirm as a trend. This lateralization remains below levels seen on March 7, the last positive day before the drop.

The Price of Bitcoin Over the Weekend Until Today’s Rebound

Traditional stock exchanges are closed over the weekend. On Friday, Bitcoin’s price remained stable, similar to US stock markets, and did not change on Saturday.

However, anticipation for today’s volatility drove Bitcoin’s price slightly up from $83,800 to above $85,000. The subsequent increase in volatility raised it above $87,000 overnight, potentially continuing as US stock markets are yet to reopen.

The reason for this weekend’s movement in Bitcoin prices can be attributed to decreased selling pressure on crypto exchanges, hitting minimums for the current cycle.

Future Scenario Changes After Today’s Bitcoin Price Increase

Today’s price increase might signify the end of a brief period of increased volatility, transitioning to sluggish lateral movement until the end of April. However, significant events might alter this scenario, as low buying and selling pressures make it sensitive to change.

Much seems reliant on the US stock markets, which may have completed a correction amidst concerns over Trump’s tariffs, and are now looking ahead to April 2, a key date for tariff implementation.

Market reactions to events scheduled for that date remain uncertain, particularly since Trump may use tariffs as a negotiation tool.

Medium-Term Forecasts

By mid-April, the market picture should clarify, making it possible to forecast upcoming trends. Recently, speculation suggests that markets might restart by late April, although interim phases often extend until June.

For Bitcoin, the odds of a significant decline below $75,000 are decreasing, although this level could still be approached soon. Many believe that a market restart after June is plausible, with Bitcoin potentially reaching new highs by year’s end.