March 24th Bitfinex Alpha | As the liquidity is dry, the BTC range is tied.
Bitfinex alpha
BITCOIN continued to trade in multi -stocks last week, and the price dropped to a shorter price than the weekly opening before the price was 4.2 % higher. There was an initial strength of the optimistic news from the Federal Open Market Committe, but as the meeting proceeded, we saw a “engraved” transaction that emphasized how Bitcoin was sensitive to macro -centered catalysts rather than organic propulsion.
As volatility and thinner volatility, Bitcoin’s short -term price measures reflect the behavior of macro -sensitive assets. From 5.9 %in December 2024, the shrinkage of hot supply metrics of 2.8 %to 2.8 %today leads to cooling of speculative participation, less coins and less coins to retreat liquid capital from the market. Similarly, the inflow of daily exchange also reduced more than 54 % in the cycle peak, reflecting more appetite for more hesitation and short -term risks. As Bitcoin is integrated near the bottom of the range, meaningful price movement is especially likely to rely on liquidity conditions, new institutional flow and macroscopic clarity for central banking policies.
The US economy also shows signs of mounting pressure. Trade tension, slowing growth and prudent consumer sentiment converge to create more and more broken prospects.
The Federal Reserve also maintained the benchmark interest rate at 4.25–4.5 %, reflecting the approach waiting for uncertainty.
Industrial production surged in February, but this was led by defensive inventory more than expected tariffs. These conflicts of manufacturing production seem to be positive, but the Fed is rooted in preventive measures rather than sustainable demand.
Meanwhile, the major economic index of the meeting committee has fallen for three consecutive months, weakening the foundation of economic economic. There are pictures of consumers’ expectations, new manufacturing orders and stock markets, especially in technology and small stocks. After the Fed meeting, bond yields also slipped and reflected investors’ expectations for slow growth and possible policy Pivot.
Throughout the encryption industry, we have seen major changes last week and signaled institutional support and regulatory clarity. The SEC officially withdrew its lawsuit against Ripple Labs, ending many years of legal battle against XRP’s status. This measure triggered a 13 %increase in price and renewed investor trust.
In another legal reversal, the US Treasury has lifted sanctions against Tornado cash after the court ruled that the initial ban was beyond the legal scope. This won the privacy advocates and Reignites discussions on the limitations of financial surveillance. President Donald Trump became the first US president to solve the encryption summit based on momentum, solving the STABLECOIN bill, confirming strategic bitcoin preliminary preparations, and confirming regulatory clarity. This development reflects the maturity industry that enters the new legitimacy and growth stage.