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Analysis: So far this year, the market value of cryptocurrencies has evaporated by 610 billion US dollars, and the current key support level for BTC may be 81.6 thousand US dollars

Analysis: So far this year, the market value of cryptocurrencies has evaporated by 610 billion US dollars, and the current key support level for BTC may be 81.6 thousand US dollars

Bitget2025/03/30 15:59

According to Bitcoin.com, in the 89 days since the start of 2025, the total value of the cryptocurrency sector has shrunk by $610 billion, falling from about $3.27 trillion to $2.66 trillion.

The trading price of Bitcoin is between $82,856 and $83,032 with a market capitalization of approximately $1.65 trillion and a global trading volume close to $140 billion in 24 hours. Currently, Bitcoin shows signs of short-term consolidation; although there is a temporary upward momentum, transaction volume patterns indicate weak buyer participation. Lower highs and lower lows suggest that a broader downward trend will continue; resistance at $84,500 remains key level while support at $81,600 is crucial.

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