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A recent survey conducted from March 25 to 28 shows declining optimism among Korean cryptocurrency investors. The survey , which polled 2,000 participants, tracks weekly market sentiment trends. This week, only 21.4% of respondents believe Bitcoin (BTC) will rise significantly. This marks a sharp drop from last week’s 36.8%. Separately, 38.2% predict a stable market (down slightly from 42.1%), while those expecting a decline nearly doubled to 40.4%, up from 21.1% previously. Notably, Bitcoin is trading at approximately $81,630. During the survey period, Bitcoin experienced a decline of about 4%, trading just above $83,700 on March 28. The price drop aligns with the growing investor caution reflected in the survey results. When asked about the overall market outlook, 44.1% of investors described their sentiment as neutral. Meanwhile, 23% expressed optimism, including extreme optimism, while 32.9% reported feelings of fear or extreme fear. The data suggests a growing sense of caution among traders as uncertainty persists. Related: This Analyst Believes Bitcoin’s Death Cross is Actually a Bullish Sign Investors also watch external factors like the Trump administration’s planned reciprocal tariffs, set to take effect on April 2. The survey found almost half (49.5%) of respondents expect these tariffs to negatively impact the crypto market, potentially leading to price drops. This caution persists even as overall crypto adoption in South Korea remains high. Reports indicate that by late 2024, approximately 15.6 million individuals—about 30% of the nation’s population—were investing in digital assets. The majority of these investors are reportedly men in their 30s, followed by those in their 40s. Regarding the tariffs’ impact, the survey also revealed differing opinions within the Korean crypto community. About one-third (33.4%) believe the tariffs’ potential market effect is already priced in. They expect the market to rebound once related uncertainties settle. The remaining 17.1% foresee no significant market reaction. Broader macroeconomic concerns likely influence current crypto sentiment as well. Recent global inflation data and shifting consumer confidence reports have contributed to uncertainty across both cryptocurrencies and related traditional markets like stocks. Related: Bitcoin and Ethereum ETFs Display Contrasting Trends in Capital Flows Meanwhile, while Bitcoin remains a focal point, altcoins play a significant role in the South Korean market. On Upbit, the country’s largest crypto exchange, altcoins account for 88% of the total trading activity. This indicates a strong interest in alternative digital assets despite Bitcoin’s declining investor confidence. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The Trump family is entering the Bitcoin ( BTC ) mining business with a new company called American Bitcoin. According to the press release dated March 31, Eric Trump and Donald Trump Jr. have teamed up with publicly trading crypto infrastructure firm Hut 8 to launch a Bitcoin mining company American Bitcoin. Eric and Donald Trump Jr. will own 20% of the company, while Hut 8 will own the remaining 80%. Initially, the company will focus on mining operations. Moving forward, Trump mentioned plans to build a strategic Bitcoin reserve and potentially go public. “From the start, we’ve backed our conviction in Bitcoin – personally and through our businesses,” Donald Trump Jr. said. “But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity.” This venture is part of the Trump family’s expanding involvement in the crypto sector, which also includes other projects like World Liberty Financial and a potential stablecoin . Despite concerns about Bitcoin mining’s environmental impact, Eric Trump, who will serve as the company’s chief strategy officer, says that lower energy costs in the U.S. will give American miners a competitive edge globally. Asher Genoot, CEO of Hut 8, also noted that American Bitcoin’s competitive advantage will come from low energy costs and a scalable infrastructure. In return for 80% stake in American Bitcoin, Hut 8 will supply 61,000 mining machines and host the operations at 11 U.S. data centers. Hut 8’s stock jumped 6.4% after the announcement, but it’s still down 42.8% this year. Asher Genoot, the CEO of Hut 8, commented on the partnership: “By carving out our mining business into a standalone entity, which will raise its own capital, we align each segment of the business with its respective cost of capital. The transaction creates two focused yet complementary businesses, each purpose-built for its respective mandate. It evolves Hut 8 toward more predictable, financeable, lower-cost-of-capital segments and establishes American Bitcoin as a pure-play mining platform built for exahash growth, Bitcoin production, and operating leverage.”

$BTC | H4 GM lads. Since I do not trust the weekend price action I do not have a clear view right now, but if we want to stick to the rules - we have broken the old H4 range and this is our new bearish H4 range. Deviation of the OLD H4 range low could be in play, but I'll need one more H4 candle to close. Front ran the H4 & H12 swing low and printed the new H4 range low above, so I assume the H4 range low is legit and we have to sweep it + the H4 & H12 swing low below it.

#Solana - Unbiased Analysis Solana hit a new all-time high of $295 this cycle but failed to hold above it. A massive bearish divergence is in play on the weekly chart, and the price is now testing a key horizontal support that has held strong for the past year. The 1.618

March has been a challenging month for Bitcoin , altcoins, and the entire cryptocurrency market . Solana, one of the most promising altcoins, has not been spared. The SOL token suffered a significant decline, dropping by 6.8% overall in March, with a particularly sharp fall of over 7% on the 28th. This downturn brought Solana’s price below $130, raising concerns among investors. --> Click here to Trade Solana on Bitget <-- SOL/USD 1-day chart - TradingView The declining trading volume throughout the month signals a weakening momentum . This sudden drop has dashed many optimistic forecasts, particularly for those who expected Solana to break out to new highs. Many traders now wonder whether this downturn is just a temporary correction or the start of a deeper retracement. Crypto analysts remain divided on Solana’s trajectory. Some believe the market is experiencing a "mini bear market" within a broader bullish cycle. Bitcoin’s dominance and overall market weakness have contributed to Solana’s struggles. Investors are becoming more cautious, waiting for stronger confirmation before re-entering the market. Despite the decline, Solana still holds strong technical support levels. Many traders are watching to see whether these supports will hold, or if further downside movement will lead to a new wave of selling pressure. The coming weeks will be crucial in determining whether SOL can recover or if lower levels, such as $120 or even $100, will come into play. --> Click here to Trade Solana on Bitget <-- While March was disappointing for Solana, April might tell a different story. A key bullish indicator is the significant rise in open interest, which has now exceeded $5 billion. This surge suggests that traders are still actively speculating on SOL’s price movements, potentially setting the stage for a major breakout. Technical analysts are identifying key resistance levels between $145 and $180. If SOL can break through this range, a push toward $235 could be possible. Additionally, the slow but steady recovery in trading volumes could support a bullish reversal. Many altcoins, including Solana, could benefit if Bitcoin stabilizes and allows for capital rotation into alternative assets. Some experts predict that Solana could see an increase of up to 102% by July, potentially reaching a price of $263. While this forecast is optimistic, it’s important to consider market conditions. Key factors that could influence this bullish scenario include: Solana remains one of the most promising blockchain projects, with a fast-growing ecosystem and strong fundamentals. Despite recent price struggles, long-term investors are keeping an eye on the token’s potential rebound. If SOL manages to break above key resistance levels, we could see a strong recovery in the coming months. However, traders should remain cautious, as volatility remains high in the crypto market. Monitoring price action, trading volumes, and macroeconomic developments will be essential for making informed investment decisions.