INSUBCONTINENT EXCLUSIVE:
The cryptocurrency market continues to face significant downward pressure as of this morning, extending the substantial losses seen on
Bitcoin trades below $84,000 while most altcoins are experiencing even steeper declines amid broader macroeconomic concerns.The crypto
market suffered a major setback yesterday (March 28) as a $115 billion market-wide sell-off erased all gains made earlier in the week
This morning, that bearish momentum continues with most major cryptocurrencies in the red:Bitcoin (BTC): $83,771 (-1.6%), volume:
$10.33BEthereum (ETH): $1,881.9 (-1.68%), volume: $4.21BXRP: $2.1279 (-4.9%), volume: $1.21BSolana (SOL): $126.634 (-4.27%), volume:
$394.68MLitecoin (LTC): $86.38 (-2.49%), volume: $21.35MDogecoin (DOGE): $0.1750 (-3.96%), volume: $66.32MCardano (ADA): $0.6856 (-2.25%),
at approximately $2.83 trillion.Crypto Market Bleeds $115 Billion: Bitcoin Below $84K as Fear Grips Investors
(Photo Internet reproduction)Bitcoin AnalysisBitcoin, which was trading near $88,000 just two days ago, tumbled to $83,800 on Friday,
failure to maintain momentum above $87,000 after reaching an intraday high of $87,676 triggered a cascade of selling.Bitcoin is now trading
approximately 23% below its all-time high of $109,114 reached on January 20, 2025, and has fallen below its 50-day moving average of
approximately $89,777.ETF FlowsA significant development has emerged in the Bitcoin ETF space
After seeing positive inflows earlier in the week, Bitcoin spot ETFs experienced a substantial outflow of $93.157 million on March 28.The
entire outflow came from the Fidelity Bitcoin ETF (FBTC), which is particularly notable since FBTC had recorded an inflow of $97.1 million
just a day earlier.Despite this recent outflow, the historical total net inflow for FBTC stands at $11.469 billion, and the total net asset
value of all Bitcoin spot ETFs remains robust at $94.388 billion.Ethereum ETFs continue to struggle, failing to attract any net inflows
since early March, highlighting the diverging investor sentiment between the two leading cryptocurrencies.Altcoin PerformanceEthereum was
price compared to Bitcoin since May 2020, and this morning trades at $1,881.9, well below the psychologically important $2,000 level.Solana
concerning after forming a death cross pattern when the 50-day and 200-day moving averages crossed, a widely watched bearish signal.Notable
PerformancesWorst PerformersMANA: $0.2492 (-6.98%)GALA: $0.01581 (-6.78%)AXS: $2.997 (-5.99%)THETA: $0.8634 (-5.68%)SUSHI: $0.6083
bucking the bearish trend with a 5% gain.Market FactorsSeveral key factors are driving the current market decline:The drop coincided with a
stocks due to disappointing economic data.The February PCE inflation report showed a 2.5% year-over-year increase in the price index, with
tariffs scheduled for April 2.On-chain data revealed over 100 transactions exceeding 1,000 BTC moved to exchanges yesterday, suggesting
significant institutional selling pressure.Market sentiment remains cautious, with the overall Fear - Greed Index standing at 33 (Fear)
This indicates investors are currently hesitant about the cryptocurrency market.Technical OutlookTechnical indicators suggest more downside
situation appears more concerning, with its price now well below both its 50-day ($2,325) and 200-day ($2,864) moving averages.The ETH/BTC
ratio has fallen to its lowest point since 2020, indicating a shift in investor preference toward Bitcoin over riskier altcoins.On-chain
metrics show Bitcoin active addresses increased by 5% to 1.1 million on March 27, suggesting growing network engagement despite price
declines, while Ethereum active addresses decreased by 3% to 500,000, correlating with its price weakness.The market will be closely
watching support levels around $80,000 for Bitcoin in the coming days, with further downside potentially testing the $70-75K range if
