Related: Bitcoin price recovery sets base for TON, AVAX, NEAR, OKB to rallyAs highlighted by onchain analytics platform CryptoQuant, the total ERC-20 standard stablecoin reserves on the exchange hit new all-time highs above $31.8 billion on March 21.“Binance remains the exchange with the highest trading volumes, making this a significant development,” contributor Darkfost wrote in one of its “Quicktake” blog posts on March 23.“There are several factors behind this increase, but the most important one is likely that investors on Binance remain confident and are preparing to enter, or re-enter, the market.”Binance ERC-20 stablecoin reserve.
Citing the Fed’s own estimates, financial market research firm Bespoke saw positive developments for risk-on sentiment developing.“The Fed's inflation model currently estimates that headline and core for both CPI and PCE will all have 2-handles by March,” it observed last week. “Makes room for further cuts.”Fed target rate probabilities for June FOMC meeting.
Originally spotted by popular trader and analyst Rekt Capital last week, the process is continuing, with RSI seeking to confirm the downtrend line as support before heading higher.“The Daily RSI is showcasing early signs of retesting the Downtrend dating back to November 2024 as new support,” Rekt Capital wrote in his latest update on the topic.
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Author / Journalist: Cointelegraph by William Suberg
The story "RSI breaks 4-month downtrend: 5 Things to know in Bitcoin this week" has 1175 words across 46 sentences, which will take approximately 5 - 10 minutes for the average person to read.
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