March 2024 Report: Bitcoin vs. inflation, Ethereum NFTs, and April forecast

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For more than three weeks now, the Crypto Fear & Greed Index has been above the 70-mark. A high value is a warning of market correction.

has eased in most nations, policymakers warn that achieving the Central Banks’ target of around 2% will be quite hard. Indermit S. Gill, Senior Vice President and Chief Economist of The World Bank Groupadvanced and developing economies—are set to grow more slowly in 2024 and 2025 than they did in the decade before COVID-19.Let’s find out

For more than three weeks now, the Crypto Fear & Greed Index has been above the 70 mark. The index ranges from 0 to 100 , a high value is a warning of a potential market correction. Over the past two months, there has been an unprecedented level of demand – something that the crypto market has never seen in its entire existence.

reveals U.S. billionaires have been selling their stocks. Out of all the sales, the much-talked-about has been that of JPMorgan Chase & Co. CEO Jamie Dimon who sold $150 million worth of shares in the banking company for the first time in 18 years. Each billionaire has their own reasons, but it might have something to do with growing interest in cryptocurrencies from big money players.The king coin hit a new All-Time-High at $73,797.

. It’s important to note the $70k psychological level is a good liquidity area. It has already been tested as resistance multiple times. Thus, strengthening the case for the bulls.The good news is most of the investors holding BTC in their portfolios are profitable, at the moment. As per the Supply in Profit metric, on 1 April, 18M addresses were in profit, this was an increase of 3M from its cycle-low of 15M.Ethereum’s price has successfully maintained its $3500 support.

 

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