Bitcoin moves sideways ahead of Trump's 'storm eve'

BTC, Ahead of Trump's Major Trade Partner Tariff Announcement, Remains Stable
ETH·Doge, Altcoins Remain Stable with Over 3% Increase
Fidelity: "BTC Bull Market Not Over Yet... Potential to Reach New All-Time High"

Bitcoin (BTC) remained stable on the 1st, hours before President Trump's additional tariff announcement.

President Trump previously announced that he would finalize additional tariffs on major trading partners on April 2nd. He had previously predicted tariffs exceeding 20% on major trading partners. If President Trump imposes such high tariffs, there are concerns about potential global inflation, creating a cautious market atmosphere.

While Bitcoin hovered around $82,000-$83,000, many altcoins saw a slight increase.

Particularly, Ethereum (ETH) and Doge recorded over a 3% increase, drawing attention.

◇Bitcoin = As of 4 PM on the 1st on Upbit, Bitcoin's price was 124,080,000 won. Bitcoin's dominance was 62.30%.

According to on-chain analysis platform Sigbit, the long and short betting ratio in the Bitcoin futures market was 66.17% and 33.83%, respectively.

Global asset management firm Fidelity argued that the current Bitcoin bull market has not yet ended, based on Bitcoin's price movement patterns in previous bull markets.

Fidelity Digital Assets suggested in a report that the recent Bitcoin price drop might not be a perfect market reversal but could be a correction before an acceleration phase.

Jack Weinwright, Fidelity analyst, stated, "Bitcoin's average price in March dropped about 11.44% compared to January's average price, but this is merely a typical correction seen in previous bull markets. If Bitcoin sets a new all-time high, it could reach over $110,000."

◇Rising Coins = As of 4 PM on the 1st on Upbit, Wallace (WAL) recorded the largest increase, rising 11%.

Wallace is a decentralized data storage and management system, with Wallace Token (WAL) being the protocol's native token. The Wallace Token is used for efficient resource allocation and competitive pricing through various economic mechanisms.

◇Fear and Greed Index = The digital asset Fear-Greed Index provided by Alternative remains at 34 points, maintaining the 'Fear' stage. The fear stage (20-39) is a period of increased cryptocurrency price volatility and trading volume, indicating a potential price decline. Caution is advised for potential buying.

The Relative Strength Index (RSI) provided by Sigbit is 49.8, recording a 'neutral' state. RSI measures the relative strength between upward and downward price pressures and indicates overbought and oversold levels for a specific asset.

Reporter Seung-won Kwon ksw@blockstreet.co.kr