BREAKING

Bitcoin ETFs See $9.4 Billion Inflow Amid Market Uncertainty from Trade War Tensions

BTC

BTC/USDT

$64,319.99
+1.14%
24h Volume

$13,197,463,610.90

24h H/L

$64,610.01 / $63,295.00

Change: $1,315.01 (2.08%)

Long/Short
62.2%
Long: 62.2%Short: 37.8%
Funding Rate

+0.0038%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$64,229.99

-0.47%

Volume (24h): -

Resistance Levels
Resistance 3$66,391.53
Resistance 2$65,496.40
Resistance 1$64,352.07
Price$64,229.99
Support 1$63,917.19
Support 2$62,486.42
Support 3$61,289.60
Pivot (PP):$63,964.40
Trend:Sideways
RSI (14):52.1

COINOTAG News reports on March 27th that QCP has highlighted escalating global trade tensions following former President Trump’s announcement of a **25% tariff** on automobile imports, effective April 3rd. This move, coupled with anticipated retaliatory tariffs aimed at the United States’ major trading partners, introduces further **uncertainty** into the already volatile global economy. Consequently, stock markets in **Japan** and **South Korea** have seen notable declines, particularly within the **automobile sector**.

In the realm of cryptocurrency, overall market sentiment remains **tepid** despite some significant developments. Although GameStop has made headlines with its plan to raise **$1.3 billion** to invest in **Bitcoin**, this announcement has yet to revitalize the market. Notably, Bitcoin ETFs have attracted **$9.449 billion** since March 14th, in stark contrast to the **$1.121 billion** outflow experienced by Ethereum ETFs, highlighting diverging institutional confidence in these assets.

As we approach the options expiration tomorrow, with **$12.2 billion** in BTC options set to expire at a critical **maximum pain point** of **$85,000**, Bitcoin has already begun to retreat from recent highs. The decline of **front-end volatility** for BTC and ETH by **10 points** indicates a cautious market environment. Further, with the **PCE index** data due for release and uncertainty surrounding Trump’s next steps in the trade conflict, short-term upside potential appears limited.

Share News:
Don't Miss Breaking News