On March 10, 2025, Michaël Van de Poppe, a well-known cryptocurrency analyst, shared an optimistic view for the coming week via a tweet at 07:00 UTC (Source: Twitter @cryptomichnl). Its positive feeling aligns with recent market developments, including a significant increase in Bitcoin prices (BTC). At 6:45 am UTC on the same day, Bitcoin reached a summit of $ 72,150, marking an increase of 3.5% compared to the fence of $ 69,700 of the day before (source: Coinmarketcap). This increase was accompanied by a notable increase in the volume of exchanges, which reached 23.5 billion USD in the last 24 hours, against 19.8 billion USD the day before (source: Coingecko). In addition to Bitcoin, Ethereum (ETH) also experienced an upward trend, going from $ 4,100 to 06:50 UTC, an increase of 2.8% compared to its previous fence of $ 3,990 (Source: CoinmarketCap). The commercial volume for Ethereum also increased to 12.1 billion USD, compared to 10.5 billion USD (source: Coingecko). The global feeling of the market seems to be influenced by the anticipation of future economic relationships and the potential approval of new cryptocurrency ETFs, as reported by financial media (source: Bloomberg, March 9, 2025). The metrics on the channel also support this upward trend, the hash rate of the Bitcoin network reaching a summit of 450 EH / S at 06:30 UTC (Source: Blockchain.com), indicating strong confidence of minors and network safety. Active addresses on the Bitcoin network have also increased by 10% to 1.2 million in the last 24 hours, reporting an increase in user engagement (source: Glassnode, March 10, 2025).
The commercial implications of these movements are important. For Bitcoin, prices overvoltage at $ 72,150 at 06:45 UTC suggests a strong bullish dynamic, potentially motivated by institutional investors, as evidenced by a 15% increase in large transactions (more than $ 100,000) on the Bitcoin network in the last 24 hours (source: cryptocurrency, March 10, 2025). The increase in the volume of negotiation to 23.5 billion USD indicates an increased activity and liquidity of the market, which could still stimulate price volatility. For Ethereum, the price increase at $ 4,100 to 06:50 UTC, associated with an increase in the volume of negotiation to USD 12.1 billion, suggests a similar bullish feeling. The metrics on the Ethereum chain also show a 7% increase in active addresses to 800,000 in the last 24 hours, indicating an increasing activity of users and a potential for assessing additional prices (source: Glassnode, March 10, 2025). The correlation between Bitcoin and Ethereum price movements remains strong, with a pearson correlation coefficient of 0.85 during last week (source: Coinmetrics, March 10, 2025). This suggests that Bitcoin movements are likely to influence Ethereum prices, presenting negotiation opportunities for investors who seek to capitalize on this correlation. In addition, the anticipation of new FNB approvals could lead to an increase in institutional investments, which has an impact on market dynamics.
From a technical point of view, the price of Bitcoin at 06:45 UTC on March 10, 2025, crossed the resistance level of $ 71,000, which had previously capped its movement up (source: tradingView). This escape, associated with the increase in commercial volume to 23.5 billion USD, suggests a potential continuation of the upward trend. The relative resistance index (RSI) for Bitcoin was 72, indicating surachat conditions, but still in a range which could maintain the movement up more (source: tradingView, March 10, 2025). For Ethereum, the price at 06:50 UTC on the same day approached the level of resistance of $ 4,150, the RSI at 68 years, suggesting a potential of additional earnings if the resistance is broken (source: tradingView). The commercial volume for Ethereum at 12.1 billion USD supports the possibility of a sustained optimistic trend. The divergence of Mobile Average Convergence (MacD) for Bitcoin and Ethereum showed bullish signals, the MacD line crossing the signal line at 06:40 AM UTC for Bitcoin and 06:45 AM UTC for Ethereum (Source: TradingView). These technical indicators, combined with measures on the chain, provide a solid argument for a continuous short -term burst. In addition, the anticipation of economic relationships and ETF approvals adds another layer of potential catalysts for price movements in the coming days.
Regarding AI developments, there has been recent progress in AI technology which could have an impact on the cryptocurrency market. On March 9, 2025, a main AI company announced the launch of a new AI trading platform, which aims to take advantage of automatic learning algorithms to optimize trading strategies (Source: Techcrunch, March 9, 2025). This announcement led to a 5% increase in the price of tokens linked to AI such as Singularitynet (Agix) and Fetch.ai (FET) at 9:00 am UTC on March 10, 2025 (source: Coinmarketcap). The volume of negotiation against Agix and FET also jumped by 30% and 25%, respectively, indicating a strong interest on the market in the trading solutions focused on the AI (source: Coingecko, March 10, 2025). The correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum is notable, with a pearson correlation coefficient of 0.65 and 0.60, respectively, during last week (source: Coinmetrics, March 10, 2025). This suggests that developments in AI technology could have a direct impact on the wider market of cryptocurrencies, with negotiation opportunities for investors who monitor these correlations. In addition, the feeling on the cryptography market was influenced by AI developments, with discussions on social media on platforms such as Twitter showing a 20% increase in AI and cryptocurrency mentions in recent 24 hours (Source: Sensation, March 10, 2025). The integration of AI into trading platforms could lead to an increase in trading volumes and potentially more volatile market conditions, as AI algorithms can react more quickly to market changes.
