Crypto Market Divided Ahead of April 2 “Liberation Day”: BTC Waits, Alts Run
The cryptocurrency market remains cautious Tuesday as investors await April 2nd, “Liberation Day,” as the Trump administration termed it when they impose new tariffs on the “Dirty 15” nations .
Market leaders Bitcoin (BTC) and Ethereum (ETH) showed only modest gains over the past day. However, several altcoins were the true market movers, including Walrus (WAL), EOS, Curve Finance (CRV), and AI16Z. According to CoinMarketCap data, over the past 24 hours, WAL gained 22%, EOS climbed 15.19%, CRV rose 18.18%, and AI16Z’s price increased 16.75%.
Additionally, certain small-cap tokens delivered substantial gains, such as RFC (+293%) and DOGINME (+58.9%), according to CryptoRank. This data highlighted ongoing speculative momentum in specific market segments despite broader caution.
Despite near-term uncertainty, institutional players continue to demonstrate confidence in Bitcoin. Strategy (formerly MicroStrategy) added another 22,048 BTC to its corporate treasury, spending $1.92 billion for this latest batch at an average price of $86,900 per BTC.
Meanwhile, stablecoin issuer Tether acquired 8,888 BTC (worth ~$735M at the time) during the first quarter of 2025. These large purchases reinforce the view that major institutions are positioning for Bitcoin’s potential long-term appreciation.
Bitcoin’s current price action suggests consolidation. A critical near-term resistance level sits at $84,824, aligning with the 20-day Exponential Moving Average (EMA), a key short-term trend indicator. Chart analysis also indicates BTC might be in a potential accumulation phase above a key support level currently identified near $76,180.
If BTC fails to reclaim the 20-day EMA soon, it could retest lower support levels. Prominent technical analyst Ali Martinez noted that Bitcoin has an “air gap” below $80,000, meaning very little established technical support exists until the $70,000 price area.
The Crypto Fear & Greed Index has dropped to 24 , indicating significant “Fear” among market participants. Simultaneously, Bitcoin’s market dominance (BTC.D) remains above 61%, generally suppressing conditions needed for a sustainable, broad altcoin market rally.
The chart tracking the total market cap of altcoins excluding Bitcoin (often called TOTAL2) highlights a declining Relative Strength Index (RSI), a commonly used momentum indicator. The RSI currently hovers around 40.40. This RSI level suggests altcoins may remain in a neutral-to-bearish short-term posture.
However, a bounce from these RSI levels could signal renewed upward momentum for altcoins. If the RSI moves back above the 50 level, the altcoin market could potentially see a significant rally.
Analysis using Fibonacci retracement levels further indicates key areas to watch. If the total altcoin market cap holds support above the 1.0 Fib level (around $923 billion), a potential breakout could follow.
The next major resistance target based on this analysis aligns with the 1.618 Fib extension level (around $1.16 trillion). However, if the broader market weakens further, lower Fibonacci support levels at the 2.618 ($630B), 3.618 ($450B), and 4.236 ($380B) extensions could come into play.
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.
CryptoQuant Analyst Says Bitcoin Likely Consolidating Before Next Leg Up
Bitcoin (BTC) remains in a consolidation phase after hitting its all-time high near $109,000 several months ago. Despite recent price corrections, some on-chain market indicators suggest a structural supply shortage could be developing, potentially creating conditions for another bullish price move in the coming days or weeks.
Major crypto market analysts point to decreasing Bitcoin inflows onto exchanges as a key factor. They also highlight critical support levels that, if held, could potentially push the leading digital asset back above $90,000 soon.
CryptoQuant verified author Axel Adler reports average Bitcoin selling pressure across top exchanges declined significantly recently. He noted daily inflows dropped sharply from a peak of 81,000 BTC down to just 29,000 BTC per day over a measured period.
This sharp drop in the amount of Bitcoin moving onto exchanges indicates fewer investors are transferring BTC to platforms where it could be readily sold. This trend likely reduces overall immediate selling pressure on the market.
Adler describes this market state as potentially entering a “zone of asymmetric demand.” His view suggests most willing sellers largely exited near recent price highs, while current buyers appear comfortable holding or accumulating within the present consolidation range.
However, Adler also noted that the April-May timeframe could remain a period of consolidation before Bitcoin experiences its next major price impulse.
Adler shared a chart illustrating that significant exchange inflows historically coincided with sharp price drops for Bitcoin in previous cycles. Conversely, decreasing inflows often suggest periods of price stabilization or potential recovery phases developing.
As of late March 2025, Bitcoin’s price fluctuated mainly within the $80,000–$85,000 range. The 7-day moving average (SMA) of exchange inflows continues trending downward, supporting the idea that immediate selling pressure is currently fading.
Related: Bitcoin and Ethereum ETFs Display Contrasting Trends in Capital Flows
Analyst Ali Martinez previously noted that below the $80,000 price level, Bitcoin faces an “air gap.” In his technical view, this means minimal established support exists until the $70,000 area.
He also highlighted critical support levels for BTC based on specific pricing band indicators shown on his charts. These include levels near $76,180, $58,080, $43,740, and $39,980.
What is Bitcoin’s Current Price Action?
At the time of writing (early April 1), BTC trades near $83,410. This represents an approximate 2% gain over the past 24 hours, following a bounce from recent lows near $81,300 shortly after Strategy Inc.’s purchase announcement.
At the time of writing (early April 1), BTC trades near $83,410. This represents an approximate 2% gain over the past 24 hours, following a bounce from recent lows near $81,300 shortly after Strategy Inc.’s purchase announcement.
Related: Bitcoin $100k FOMO Returns: Santiment Warns It Could Be a Bull Trap
However, the price has so far failed to reclaim the 20-day Exponential Moving Average (EMA), currently situated near $84,824. This moving average now acts as immediate overhead resistance. If Bitcoin fails to break this resistance level soon, it may face renewed downward pressure toward the key support levels identified previously.
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.
Buy Curve Finance (CRV)? Analyst Sees ‘Perfect Retest’ as Entry Signal
token of the Curve Finance ecosystem, for potential profit-making opportunities within the current crypto market. The analyst noted a bullish preference for CRV, citing its recent rebound from a key support level as a “perfect retest and pump” scenario playing out.
The analyst shared a screenshot of CRV/USD’s 4-hour chart to illustrate their analysis. They highlighted areas showing how the price emerged through critical resistance levels which appeared to reflect building bullish momentum based on the pattern.
His chart analysis indicated that CRV’s price spent most of February and March consolidating within a defined price range before the recent move.
Related: Early Moves Pay Off as XRP, CRV, and WIF Stabilize at Lows
Despite trading within that range previously, CRV’s more recent price action revealed what the analyst identified as a classic uptrend confirmation in late March. This sequence involved the price breaking above crucial prior resistance, successfully flipping that level into new support, and then retesting that support area before continuing its upward trajectory.
AltCryptoGems considered this specific break-and-retest price pattern a confirmation of CRV’s bullish short-to-medium term outlook. He cited the upper limit of the prior trading range as the next crucial resistance test for the altcoin’s strength.
Related: Why Are LUNA, CRV, GMT, and FTT Experiencing a Surge? Key Insights for Newcomers
TradingView data showed CRV trading near $0.5327 at press time (early April 1), after pulling back slightly from a daily high of $0.5775 reached earlier.
That daily high coincided precisely with a significant long-term downward trendline drawn from the cryptocurrency’s prior major high near $1.34 set in December 2024.
Breaking decisively above this multi-month trendline is needed for CRV to potentially target the $0.6064 resistance level next. Clearing that could allow the token to enter a broader trading range, possibly with increased volatility.
Although AltCryptoGems appreciated CRV’s recent bullish chart signals, he also expressed broader confidence in its further upside potential moving forward.
He acknowledged the overall crypto market’s current lack of strong directional momentum, describing its recent nature as “slow and choppy.”
However, the analyst previously noted CRV’s break above the $0.45 price level as a crucial initial sign that suggested bullish momentum was building. He believes the chart structure could now confirm an emerging “round bottom” formation, a pattern often interpreted by technical analysts as potentially occurring ahead of more significant upside price movement.
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.