Between 21:00 and 7:00, the crypto market saw key updates around ETH, Fed policy, and Blockfills developments.
Market Trends
- Bitcoin's RSI dropped below 30 for the third time this month, potentially signaling a prolonged sideways consolidation phase.
- Analysts noted that tightening liquidity has pushed 83% of altcoins into bearish trends, reflecting weak market confidence.
Macro & Industry Updates
- The probability of the Fed keeping rates unchanged in March stands at 94.1%, adding uncertainty to crypto valuations.
- Tom Lee's team projected that although ETH could fall to $1,367, it implies an 81% return over the next 12 months.
Company & Fund News
- Insiders revealed that Blockfills suffered losses of around $75 million and is currently seeking buyers.
- Crypto investment firm DBA has raised $68 million for its second venture capital fund, signaling long-term optimism in the sector.