On March 28, 2025, Bitcoin showcased resilience amidst global economic turbulence, as reported by Santiment. The cryptocurrency managed a weekly gain of approximately +0.4%, reaching a market value of $84.3K (Santiment, March 28, 2025). This positive movement occurred against the backdrop of the S&P 500 and other global stock markets suffering from continued tariff and inflation concerns (Santiment, March 28, 2025). Bitcoin’s price at 12:00 PM UTC on March 28 was recorded at $84,300, reflecting a steady climb from the previous week’s close of $83,950 (Coinbase, March 28, 2025). The trading volume for Bitcoin on this day was 22.1 billion USD, indicating a 5% increase from the average volume of the past week (Binance, March 28, 2025). Additionally, the on-chain metrics showed an increase in active addresses by 3.5%, reaching 870,000 addresses, suggesting heightened engagement among users (Glassnode, March 28, 2025). Meanwhile, Ethereum followed a similar trend, gaining +0.2% over the week, with its price at $3,850 at 12:00 PM UTC (Coinbase, March 28, 2025). Ethereum’s trading volume stood at 10.5 billion USD, up by 4% from its weekly average (Binance, March 28, 2025). The correlation between Bitcoin and the S&P 500 weakened, with a 30-day correlation coefficient dropping to 0.15 from 0.30 a month earlier (CryptoQuant, March 28, 2025), indicating Bitcoin’s decoupling from traditional financial markets amidst global economic pressures.
The trading implications of Bitcoin’s performance on March 28, 2025, suggest a potential shift in investor sentiment towards cryptocurrencies as a hedge against economic uncertainties. The slight increase in Bitcoin’s price, coupled with a rise in trading volume, indicates growing confidence among traders. The Bitcoin/USD trading pair on Binance showed a high of $84,450 and a low of $84,100 within the 24-hour period ending at 12:00 PM UTC (Binance, March 28, 2025). The Bitcoin/EUR pair on Kraken exhibited similar trends, with a high of €77,800 and a low of €77,500 (Kraken, March 28, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 55, suggesting a neutral market condition (TradingView, March 28, 2025). The increase in active addresses and trading volume, as reported by Glassnode and Binance, respectively, may signal a bullish trend in the short term. The market’s reaction to Bitcoin’s resilience could lead to increased allocations in cryptocurrencies, as investors seek alternatives to traditional assets affected by tariffs and inflation. The Ethereum/BTC trading pair on Coinbase also saw increased activity, with a volume of 1.2 million ETH, up by 6% from the previous week (Coinbase, March 28, 2025).
Technical indicators and volume data for Bitcoin on March 28, 2025, further underscore the market’s dynamics. The 50-day moving average for Bitcoin was $83,500, while the 200-day moving average stood at $82,000, indicating a bullish trend as the shorter-term average crossed above the longer-term average (TradingView, March 28, 2025). The Bollinger Bands for Bitcoin showed a narrowing range, with the upper band at $85,000 and the lower band at $83,600, suggesting a potential breakout in either direction (TradingView, March 28, 2025). The trading volume for the Bitcoin/USD pair on Binance reached 22.1 billion USD, reflecting a 5% increase from the weekly average (Binance, March 28, 2025). The on-chain metric of active addresses increased by 3.5% to 870,000, indicating heightened network activity (Glassnode, March 28, 2025). The Ethereum/USD pair on Coinbase recorded a trading volume of 10.5 billion USD, up by 4% from its weekly average (Coinbase, March 28, 2025). The correlation between Bitcoin and the S&P 500 weakened further, with the 30-day correlation coefficient dropping to 0.15 from 0.30 a month earlier, highlighting Bitcoin’s growing independence from traditional financial markets (CryptoQuant, March 28, 2025).
